Phelps: UmrahCash engages with Saudi government to streamline journeys of pilgrims from emerging markets

Sep 15, 2025

Noha Gad

 

Saudi Arabia has emerged as a burgeoning hub for financial technology (fintech) in the Middle East in recent years, driven by Vision 2030's ambitious goals of diversifying the national economy and modernizing the financial sector. With a rapidly growing digital infrastructure and a youthful population eager to embrace digital solutions, the Kingdom positioned itself as a leader in fintech innovation. 

At the forefront of this transformation is UmrahCash, a pioneering fintech company specializing in streamlining financial services for pilgrims, notably those coming from emerging markets, and businesses in the Umrah sector.

 

Sharikat Mubasher held an interview with Founder William Phelps to discuss how UmrahCash streamlines and eases the spiritual journeys of Hajj and Umrah for travelers from developing countries, and know more about the company’s future plans and the challenges it faces to grow and expand into new markets.

 

What are the services that UmrahCash provides to enhance pilgrims' experience in the Kingdom?

For many pilgrims, particularly those from emerging markets, it is extremely difficult to access foreign currency. Local capital controls, FX scarcity, and infrastructural issues in their home countries make it almost impossible for them to raise money and pay for their trips to Saudi Arabia. UmrahCash addresses this issue by providing direct and easy access to Saudi Riyals for pilgrims upon arrival to the Kingdom. We collect local currency abroad, credit their virtual wallets on the UmrahCash app, and allow them to cash out their balance in Riyals with our agents in Mecca, Medina, and Jeddah. This process is transparent, cost-effective, and secure. There is no risk of middlemen, volatile currency rates, or transporting large volumes of physical cash; the entire exchange process is handled within the UmrahCash platform. This way, we allow travelers to focus on the spiritual obligations of their pilgrimage, rather than worrying about how they will pay for it.

 

What are UmrahCash’s plans to expand its presence in the region? And how the recently secured $500,000 investment could fuel these plans?

Given the complexity and sensitivity surrounding Hajj and Umrah, we are expanding slowly and purposefully. A large part of our implementation surrounds financial infrastructure to ensure we’re well-placed to serve pilgrims at every level of society in ways that are comfortable and consistent with their levels of technological and financial exposure. As a result, we’re dedicating a significant portion of our recent investment to accruing licensing, technology, and infrastructure in a number of key markets. Whether mobile money, bank accounts, or virtual wallets, our vision is to consolidate a comprehensive range of solutions in one centralized platform for as many Muslims as possible.

 

Who are the customers that UmrahCash targets? 

Our main aim is to reduce the financial barriers associated with pilgrimage. Hence, our target market is pilgrims from emerging markets specifically those countries with capital controls, FX scarcity, and infrastructural issues preventing easy access to currency abroad. We are beginning with West Africa as our key region of focus, but view South and South East Asia as markets for expansion in the future. Ultimately, UmrahCash is designed for travelers with all levels of capital, financial, and technological knowledge; it is inclusive and welcomes all whose journeys are made easier by its infrastructure. 

 

Do you plan to raise more funds within the upcoming period?

Our recent investment positions us well to grow and scale over the next 6 months. As a cash flow-driven business with a lean operational structure, we can remain dynamic as we grow. With this in mind, we are looking to open a new round towards the end of the year and are keen to connect with interested investors as early as possible.

 

How could UmrahCash contribute to realizing Saudi Arabia’s goal of welcoming 30 million Umrah visitors annually by 2030?

In recent years, Saudi Arabia has done an excellent job of making pilgrimage as accessible as possible to Muslims around the world. Whether through direct engagement with national Hajj bodies or more general solutions such as the Nusuk app, the efforts of the Ministry of Hajj and Umrah are highly commendable. However, issues outside of the Kingdom continue to present barriers to pilgrims, namely local economic conditions and infrastructural problems. UmrahCash bridges this gap, building on the work of Saudi authorities at home whilst cutting through those local issues abroad. In doing so, we are directly making pilgrimage more accessible, allowing more Muslims to realize their ambition of visiting Mecca and Medina with fewer restrictions. 

 

What are the key challenges facing UmrahCash to grow in the Saudi market?

We are hopeful that we will be able to engage with and work alongside the Saudi government as our platform continues to grow. Regulation is fundamental in a business such as ours, whether viewed from the perspective of Hajj and Umrah or simply finance. It is extremely important we are able to develop alongside and under the purview of the authorities. In this respect we are hopeful, Saudi Arabia has taken great strides in clarifying large parts of its regulatory framework in a number of sectors. 

We expect finance and fintech to continue in this trend, particularly with respect to opportunities for non-residents to access financial technology. This lies at the heart of UmrahCash’s mission, and it is as much a challenge as it is an exciting opportunity.

Tags

Share

Advertise here, Be the LEADER

Advertise Now

Latest Experts Thoughts

How Artificial Intelligence is Reshaping Preventive Healthcare Through Earlier Detection and Smarter Clinical Insights

By Stephan Bandelow, BSc, MSc, Dphil, Associate Professor, Associate Director, Researcher, St. George’s University, Grenada, West Indies

 

Artificial intelligence (AI) is rapidly transforming modern healthcare, combining technologies that improve diagnosis, treatment, research, and healthcare operations. From detecting diseases in medical scans to streamlining hospital workflows, AI is increasingly helping clinicians make faster and more data-driven decisions. Once viewed as a futuristic concept, today many AI-powered tools are already becoming part of everyday medical practice. In the Middle East region, it is no different. 

 

Modern AI in medicine combines technologies such as machine learning, computer vision, natural language processing, and generative AI to support both clinical care and healthcare operations. In the GCC region, research has shown that the AI market was valued at USD $503 million in 2024 and is expected to grow to $5.81 billion by 2035.

 

When it comes to digital health markets in the region, two sof its biggest countries are projected to have big impact. The UAE’s market was estimated at $619.3 million in 2023 but in the next four years, that figure could increase substantially to $2.65 billion in 2030. Meanwhile, the Kingdom of Saudi Arabia is expected to reach $11.07 billion by 2033.

 

As healthcare systems become increasingly technology-enabled, future physicians will need to develop clinical expertise alongside the ability to work with data-driven healthcare tools and digital care ecosystems.

 

AI in medical imaging and diagnostics

 

One of the clearest examples of AI’s success in healthcare has emerged in medical imaging. AI-powered computer vision systems are increasingly being used to help clinicians detect abnormalities in radiology scans with greater speed and accuracy. Breast cancer screening has become one of the most studied use cases.

 

According to a Saudi Arabia-based study conducted across government hospitals in Jeddah, AI-powered breast cancer detection systems demonstrated 92.3 per cent diagnostic accuracy, with sensitivity and specificity rates exceeding 91 per cent, highlighting the technology's potential to support earlier and more reliable cancer detection. 

 

These tools have seen relatively smoother adoption because they are designed for narrow, measurable tasks. Their performance can be validated against standardized clinical benchmarks such as sensitivity, specificity, and detection rates. Importantly, these systems are intended to support physicians rather than replace them, functioning as a second layer of review that helps reduce workload while improving diagnostic confidence.

 

Personalized medicine and the role of AI

 

Another major area of interest has been personalized medicine, where treatments are tailored to an individual’s genetic profile. Since the Human Genome Project in the 1990s, researchers have hoped that advances in genomics and computational medicine would enable highly individualized therapies. While significant progress has been made, especially in oncology biomarker testing, many AI-driven applications in drug discovery and precision medicine still remain at the research or pre-clinical stage.

 

AI has nevertheless accelerated parts of the research process. Tools such as protein-structure prediction models and machine learning systems are helping researchers identify potential drug targets more efficiently than before. However, translating computational discoveries into approved clinical therapies still requires years of testing, validation, and regulatory review. As a result, personalized medicine continues to evolve gradually rather than transforming healthcare overnight.

 

Generative AI in healthcare

 

 

Generative AI has emerged as one of the most discussed technologies in medicine over the last few years. Much of its real-world adoption currently remains concentrated around administrative and operational workflows rather than direct clinical decision-making. AI tools are increasingly being used for functions such as claims coding, prior-authorization reviews, clinical documentation, and patient record summarization, helping healthcare systems improve efficiency and reduce administrative burden.

 

Although generative AI systems can process medical information and respond effectively to standardized medical questions, patient care still depends heavily on contextual understanding, ethical judgment, communication, and decision-making in uncertain situations. Concerns around transparency and explainability also continue to limit AI’s role in high-stakes clinical environments. As a result, AI is unlikely to replace physicians in critical diagnostic or therapeutic decisions in the near future. Instead, it is expected to remain a supportive tool that enhances efficiency while clinicians retain final responsibility for patient care.

 

The future of healthcare lies in human-AI collaboration

 

The future of healthcare is unlikely to involve AI replacing doctors entirely. Instead, AI is expected to increasingly manage repetitive, structured, and data-heavy tasks, while clinicians continue to lead areas requiring empathy, communication, contextual reasoning, and complex judgment.

 

Core clinical skills such as patient interaction, history-taking, physical examination, and ethical decision-making will remain central to medical practice. At the same time, healthcare professionals will increasingly need to understand the strengths and limitations of AI tools, critically evaluate AI-generated outputs, and identify potential errors or bias.

 

As healthcare continues to evolve, physicians who can effectively combine clinical expertise with technological understanding will likely be best positioned to lead the next generation of patient care.

Women and the Digital Leap: How Technology Accelerated Female Participation in Society

Kholoud Hussein 

 

The story of Saudi Arabia's digital transformation is often told through the language of infrastructure, artificial intelligence, cloud computing, and smart government services. Yet behind the platforms, applications, and digital ecosystems lies a deeper transformation that may ultimately prove to be one of Vision 2030's most significant achievements: the acceleration of women's participation in economic and social life.

In many countries, increasing female participation in the workforce has been a gradual process unfolding over several decades. In Saudi Arabia, however, the convergence of regulatory reforms, digital technologies, and economic diversification has compressed that timeline dramatically. The result is a generation of Saudi women entering leadership positions, launching startups, building technology companies, and contributing to the Kingdom's digital economy at a pace that few analysts anticipated a decade ago.

The digital transformation of Saudi Arabia did not merely create new tools. It fundamentally altered access to opportunity.

A Digital Economy Opens New Doors

When Vision 2030 was launched in 2016, one of its central objectives was to increase women's participation in the labor market. At the time, female workforce participation stood at approximately 17%. Today, that figure exceeds 36%, more than doubling within less than a decade and surpassing the Kingdom's original Vision 2030 target years ahead of schedule. According to the Ministry of Human Resources and Social Development, female labor force participation reached 36.3% in the first quarter of 2025, while female unemployment fell to a historic low of 10.5%. 

These figures represent far more than a labor market success story. They reflect a structural transformation in how women engage with the economy.

Technology has been one of the most powerful enablers of this shift. Digital platforms have reduced geographical barriers, expanded access to employment opportunities, enabled remote work, facilitated entrepreneurship, and simplified access to financial services. In many cases, technology accomplished something traditional economic reforms alone could not: it made participation easier, faster, and more accessible.

The rise of digital banking, e-commerce, online education, cloud-based business tools, and government platforms has fundamentally changed the mechanics of entering and participating in the economy. Women no longer need to be physically present to establish businesses, access services, or reach customers. The smartphone has effectively become an economic gateway.

From Beneficiaries to Builders

Perhaps the most important shift in the Saudi digital story is that women are no longer merely beneficiaries of transformation; they are increasingly becoming its architects.

Across the Kingdom, women are taking leadership roles in sectors that were once dominated by men, particularly in technology, digital innovation, artificial intelligence, venture capital, and entrepreneurship.

One of the most visible examples is Princess Reema bint Bandar Al Saud, whose leadership in both public policy and economic development has become symbolic of the broader evolution of women's roles in Saudi society. Equally influential is Dr. Esraa Albutairi, Vice Minister at the Ministry of Communications and Information Technology, who has been actively involved in advancing digital talent development and strengthening the Kingdom's innovation ecosystem.

At the institutional level, women are increasingly participating in the leadership of organizations driving the Kingdom's digital transformation agenda, from technology regulators and investment institutions to startup accelerators and innovation hubs.

This rise in leadership reflects a broader reality: digital transformation requires talent, and Saudi Arabia's growth ambitions cannot be achieved without fully integrating women into the innovation economy.

Building a Generation of Digital Entrepreneurs

While workforce participation statistics tell part of the story, entrepreneurship may be where the most profound transformation is occurring.

Saudi women are launching businesses at unprecedented rates. According to Mastercard's 2025 Women Entrepreneurship Research, 78% of Saudi women expressed interest in starting their own businesses, nearly equal to male respondents. The findings highlight a significant shift in entrepreneurial ambition as the Kingdom's startup ecosystem matures. 

Unlike previous generations, today's entrepreneurs operate within a digital-first environment.

Cloud services eliminate the need for expensive infrastructure. Social media provides direct access to customers. E-commerce platforms create national and global distribution channels. Digital payment systems simplify transactions. Artificial intelligence tools increasingly support marketing, operations, and customer service.

This environment has lowered traditional barriers to entry and enabled women entrepreneurs to build scalable businesses with relatively modest initial resources.

The result is the emergence of a new class of technology-enabled female founders whose companies are addressing challenges across fintech, retail technology, education, healthcare, logistics, and software services.

The Startups Leading the Change

Saudi Arabia's startup ecosystem increasingly features women at the helm of some of the Kingdom's most innovative ventures.

Among the most frequently cited examples is Razan Al Mubarak's broader regional influence on sustainability and innovation, alongside a growing generation of Saudi founders building technology-enabled companies across multiple sectors.

One notable example is The Chefz, which counted prominent Saudi women among its leadership and helped redefine food delivery experiences before its acquisition by Jahez. Another example is Marn, co-founded with strong female participation in leadership, which has become one of the Kingdom's leading cloud-based restaurant management platforms.

In the education sector, female entrepreneurs have played critical roles in developing digital learning platforms that gained traction during and after the pandemic. In healthtech, women founders have helped create solutions focused on wellness, preventive care, and patient engagement. In fintech, women are increasingly entering a sector that was once considered one of the most difficult industries for female entrepreneurs to penetrate.

More importantly, these founders are not building "women-focused" businesses alone. They are creating companies that address mainstream economic challenges and serve broad markets.

That distinction marks the transition from inclusion to influence.

How Government and the Private Sector Built the Foundation

The success of Saudi women in the digital economy did not emerge in isolation. It was supported by a deliberate strategy involving regulatory reforms, digital infrastructure investment, workforce development programs, and public-private partnerships.

The Ministry of Human Resources and Social Development reports that more than 800 training programs have delivered over 280,000 certificates, supporting more than 120,000 Saudi women into employment. Additionally, the “Wusul” transportation support initiative has helped more than 307,000 women overcome mobility barriers and maintain employment stability.

Partnerships with more than 46,000 private-sector companies have further expanded opportunities for women, while leadership development initiatives have trained thousands of women for management and executive positions. 

At the same time, the private sector has increasingly recognized that female participation is not simply a social objective but an economic necessity. Companies competing in technology, finance, and innovation-intensive industries require access to the broadest possible talent pool.

As a result, organizations across the Kingdom have expanded leadership pathways, digital training initiatives, and entrepreneurship support programs targeting women.

Women in the Technology Workforce

One of the clearest indicators of progress is the growing presence of women within Saudi Arabia's technology sector itself.

According to the Ministry of Communications and Information Technology, women now account for approximately 35% of the Kingdom's digital workforce, significantly exceeding both global and G20 averages. The sector employs more than 389,000 digital professionals, making Saudi Arabia home to the largest pool of digital talent in the Middle East.

Safa Al-Rashed, Acting Deputy Minister for Future Skills and Capabilities, recently emphasized that investment in national talent remains the foundation of the Kingdom's digital economy. She noted that Saudi Arabia's future competitiveness depends on empowering both young men and women with advanced digital skills capable of supporting innovation-led growth. 

This trend is particularly significant because technology increasingly serves as the infrastructure of every industry. Whether in healthcare, finance, retail, logistics, or education, digital capabilities are becoming essential career assets.

Women entering technology are therefore not only joining a sector; they are positioning themselves within the core engine of future economic growth.

The Next Frontier: AI Leadership and Deep Technology

While Saudi women's progress in entrepreneurship, digital services, and the technology workforce represents a major milestone, the next phase of the Kingdom's transformation will be defined by a far more ambitious challenge: positioning women not only as participants in the digital economy, but as leaders in the technologies that will shape the future global economy.

Artificial intelligence, advanced computing, robotics, cybersecurity, quantum technologies, and data science are rapidly becoming the strategic industries of the 21st century. Countries are increasingly competing not only for capital and infrastructure, but also for the talent capable of developing and managing these technologies. Saudi Arabia's leadership understands this reality well. The Kingdom's investments in AI infrastructure, cloud computing, data centers, and advanced digital capabilities are designed not merely to modernize public services, but to establish Saudi Arabia as a regional and global technology powerhouse.

For women, this transformation presents a historic opportunity.

Unlike many traditional industries where leadership structures were established decades ago, emerging technology sectors are still being built. Artificial intelligence, in particular, offers a relatively open playing field where expertise, innovation, and technical capability can matter more than legacy industry structures. As Saudi Arabia builds its AI ecosystem, women have an opportunity to enter these sectors at a formative stage and influence their development from the outset.

The Kingdom has already begun laying the foundations for this transition. Through initiatives led by the Ministry of Communications and Information Technology, the Saudi Data and Artificial Intelligence Authority (SDAIA), and multiple university partnerships, thousands of women are being trained in coding, machine learning, cybersecurity, and advanced digital skills. Programs such as the National Technology Development Program and digital upskilling initiatives are creating pathways into industries that barely existed in the Kingdom a decade ago.

The importance of this shift extends far beyond employment statistics. Artificial intelligence is expected to contribute hundreds of billions of dollars to the Saudi economy over the coming decades. According to PwC estimates, AI could contribute approximately $135 billion to Saudi Arabia's GDP by 2030, representing one of the largest AI-driven economic opportunities in the Middle East. The question is no longer whether women will participate in this growth, but whether they will occupy leadership positions within it.

The next generation of Saudi female founders is likely to look very different from the previous one. While many of today's successful women-led startups operate in e-commerce, consumer services, education, and health technology, tomorrow's entrepreneurs may be building AI platforms, climate-tech solutions, robotics companies, cybersecurity firms, and advanced software infrastructure businesses.

This evolution could ultimately transform Saudi women from adopters of technology into creators of globally competitive technologies. In doing so, they would help shape not only the future of the Kingdom's digital economy, but also its position within the global innovation landscape.

 

Beyond Employment: A Shift in Social Expectations

The impact of digital transformation on Saudi women cannot be measured solely through workforce participation rates, startup funding figures, or leadership appointments. Its most profound effect may be cultural.

Technology has altered the way opportunity is perceived.

For previous generations, professional pathways for women were often concentrated in a limited number of sectors. Today, a young Saudi woman can envision herself as a software engineer, startup founder, venture capitalist, artificial intelligence specialist, fintech executive, cybersecurity expert, or technology investor. These possibilities are no longer theoretical. They are increasingly visible in everyday life.

This visibility matters because economic transformation is often preceded by a transformation in expectations.

As Saudi women become more present in technology conferences, startup competitions, boardrooms, investment committees, and executive leadership teams, they are reshaping perceptions about who can lead innovation. Every successful female entrepreneur creates a reference point for the next generation. Every woman appointed to a senior technology position expands the boundaries of what young professionals believe is achievable.

Digital platforms have accelerated this process. Social media, professional networking platforms, online education, and digital communities have created new channels for mentorship, knowledge-sharing, and collaboration. Young women entering the workforce today have access to role models and professional networks that were previously difficult to reach.

The shift is particularly evident within entrepreneurship. A decade ago, female startup founders were often viewed as exceptions within the broader ecosystem. Today, they are increasingly becoming part of the mainstream narrative of Saudi innovation. Investors, accelerators, and venture capital firms are paying greater attention to female-led businesses, while government-backed initiatives continue to encourage women's participation in entrepreneurship and innovation.

There is also a deeper societal implication. The digital economy has changed the relationship between work and location. Remote work, digital businesses, online consulting, and cloud-based operations have expanded professional flexibility across multiple sectors. This has enabled many women to participate in economic activity in ways that were previously more difficult or less accessible.

Perhaps most importantly, digital transformation has helped shift the conversation from inclusion to contribution.

The debate is no longer centered solely on increasing women's participation. It is increasingly focused on the value women create as entrepreneurs, innovators, investors, engineers, and executives. Their role is no longer measured by presence alone, but by impact.

That distinction marks a critical stage in the maturation of Saudi Arabia's economic transformation. It signals that women are becoming integral contributors to the Kingdom's innovation economy rather than beneficiaries of reform initiatives.

 

Looking Ahead

As Saudi Arabia advances toward the next phase of Vision 2030, the role of women in shaping the Kingdom's digital future is expected to become even more significant.

The country's ambitions extend far beyond digital government services or technology adoption. Saudi Arabia is positioning itself as a global hub for artificial intelligence, cloud computing, advanced manufacturing, smart cities, fintech, and innovation-driven industries. Achieving these ambitions will require a continuous expansion of the national talent pool, making women's participation not simply desirable but economically essential.

The coming decade is likely to witness the rise of a new generation of Saudi female leaders operating at the intersection of technology, investment, and innovation. Some will build startups capable of expanding beyond regional markets. Others will lead venture capital funds, manage major technology projects, or oversee national digital initiatives. Many will help define the industries that emerge from Saudi Arabia's growing innovation ecosystem.

At the same time, challenges remain. Increasing representation in advanced technology fields, expanding access to growth-stage funding for female founders, strengthening mentorship networks, and ensuring greater participation in investment decision-making will all be important priorities. The next stage of progress will depend not only on access to opportunities but also on the ability to scale influence.

Encouragingly, the foundations already exist. Saudi Arabia now possesses one of the Middle East's largest digital economies, one of the region's most active startup ecosystems, and one of the world's most ambitious AI strategies. Women are entering these ecosystems at a moment when industries are being built rather than merely maintained.

This timing could prove decisive.

Just as the Kingdom's digital transformation reshaped the relationship between citizens and government, it is also reshaping the relationship between women and economic opportunity. The convergence of technology, policy reform, entrepreneurship, and investment is creating conditions that would have been difficult to imagine only a decade ago.

The story of Saudi women's digital leap is therefore not merely a story about employment or entrepreneurship. It is a story about agency, influence, and leadership in a rapidly evolving economy.

And as Saudi Arabia continues its transformation into a knowledge-based and innovation-driven nation, the success of its digital future may increasingly depend on the women helping to build it.

 

Beyond the spiritual journey: healthcare and transport at Hajj 2026's heart

Noha Gad

 

Saudi Arabia has proven that technology and telecommunications are cornerstones of the modern Hajj experience. The record success of Hajj 2026 was powered by AI-driven crowd management, multilingual robots, the Nusuk platform, and a robust 5G network with over 5,230 towers delivering 99.9% availability. Yet the backbone of any mass gathering lies in the physical well-being and movement of millions. Healthcare and transport represent the most critical and most demanding pillars of the Hajj economy in Saudi Arabia.

The physical well-being of over 1.7 million pilgrims, many elderly or with pre-existing conditions, in a climate where temperatures can exceed 45 degrees Celsius, presents a medical challenge of epic proportions. Heatstroke, exhaustion, infectious diseases, and cardiac emergencies are constant threats that demand an instantaneous, highly coordinated medical response. Simultaneously, moving this massive population across the sacred sites requires transport networks of extraordinary capacity and precision. 

According to official figures by the Ministry of Health (MoH), the Saudi healthcare ecosystem delivered around 2.5 million medical services during Hajj 2026, while over one million calls were handled through the ministry's "937" health hotline. More than 52,000 health workers and 7,700 paramedics were deployed during the pilgrimage, supported by over 20,000 hospital beds, including 3,800 dedicated to the holy sites. Additionally, field epidemiology teams, rapid-response units, and advanced laboratory networks remained on standby throughout the pilgrimage, while multilingual public awareness campaigns focused on heat stress and disease prevention.

This success was also supported by the Kingdom’s efforts to increase hospital capacity significantly and provide new healthcare services. This included remote consultations through the Virtual Health Hospital, systems enabling the exchange of medical information with pilgrims’ home countries, and the deployment of a Mobile Stroke Unit to serve visitors in and around the Holy Mosque. According to the Vision 2030 Annual Report 2025, around 10,000 individuals benefited from the Virtual Health Hospital. This milestone reaffirms that virtual care has become a core component of the healthcare system in the Kingdom.

 

The integration of groundbreaking technologies to advance healthcare services

The Kingdom achieved a fundamental transformation in the healthcare systems during Hajj 2026 by integrating AI-powered surveillance, virtual clinics, and smart wearables. These innovations enabled authorities to manage crowds safely, provide real-time multilingual medical guidance, and protect millions of pilgrims from extreme heat and health risks.

  • Intelligent healthcare systems

The National Platform for Health and Insurance Exchange Services (NPHIES platform) gave medical practitioners instant access to patient data, while telemedicine services provided remote consultations. The platform functioned as a centralized health information exchange (HIE) system that connected doctors, clinics, and emergency responders in the sacred sites to streamline several key healthcare processes. Additionally, the Raqeem enhanced medical records management and documentation efficiency, alongside the Raqeeb platform for monitoring and managing controlled medications, and the Ayenati system, which digitally connects laboratories and test results to accelerate access to health information.

To further enhance healthcare services during Hajj 2026, the Kingdom launched the Symptom Checker, an AI-powered tool that analyzes symptoms and medical history to provide preliminary assessments and instant health guidance. This solution contributed to reducing waiting times, improving medical triage efficiency, and providing around-the-clock medical support.

  • Medical robotics

Medical robotics played a pivotal role in facilitating and streamlining healthcare services for pilgrims. These robots helped medical workers provide effective and accurate treatments and enhance patient outcomes. Hospital logistics, medicine distribution, and patient care services were also supported by robotic technologies. This innovation decreased response time and aided healthcare teams in coping with a surge in demand as a result of millions of visitors.

  • Drones

Saudi authorities introduced drone deliveries for medicine and medical supplies during Hajj 2026, operating across the holy sites of Makkah. This innovation contributed to speeding up the delivery of medical logistics and improving response times during the Day of Arafat.

  • Electronic E-Bracelets and Smart Cards

Pilgrims were equipped with digital e-bracelets or cards that store vital personal and medical information, allowing first responders and medical tents to access medical history instantly.

 

Moving millions: Transport network behind Hajj 2026

Transport played a central role in managing the movement of millions of pilgrims across cities and holy sites within a limited timeframe. In recent years, a more connected network has made it easier to move between arrival points, Makkah, Madinah, and the sacred sites. This network brings together air, rail, and ground transport. For instance, pilgrims who arrive through Jeddah or Madinah can travel via the Haramain High-Speed Railway between major cities and rely on other transportation, such as the Mashaer Train and Makkah buses, to move within and around the holy sites. 

The Haramain High-Speed Railway is one of the fastest trains in the world, which links Makkah and Madinah through a 453-kilometer route passing through Jeddah, King Abdulaziz International Airport, and King Abdullah Economic City (KAEC), with an operating speed of up to 300 kilometers per hour. Its network operates through a fleet of 35 trains, each with a capacity of up to 417 seats. In Hajj 2026, the Haramain High-Speed Railway recorded outstanding performance, achieving an on-time performance rate exceeding 98%. It transported more than 1.16 million passengers through 5,569 trips linking Makkah and Madinah. 

With a fleet of 17 trains and an operational capacity of 72,000 passengers per hour, the Mashaer Train extends for 18 kilometers and connects the holy sites of Mina, Muzdalifah, and Arafat, helping reduce travel time, ease traffic congestion, and improve crowd-management efficiency during peak periods. Official figures showed that the Mashaer Train transported more than 961,000 pilgrims in Hajj 2026. Around 290,000 pilgrims were transported from Arafat to Muzdalifah during one operational phase, while another 357,000 pilgrims were later moved from Muzdalifah back to Mina.

Beyond passenger capacity, the Mashaer Train delivered significant environmental benefits as its operation helped replace approximately 50,000 bus trips during the season, easing traffic congestion and enhancing environmental sustainability through reliance on electric energy with zero carbon emissions.

The Kingdom’s plans to facilitate transport during Hajj 2026 included the deployment of 33,000 buses and 5,000 taxis to boost safe, efficient transport and smooth pilgrim movement across the holy sites. More than 2,500 buses were operating round the clock to transport pilgrims, while 24 parking areas with space for 20,000 buses had been prepared to reduce congestion and improve movement efficiency. Additionally, the Royal Commission for Makkah City and Holy Sites deployed 24,000 buses through a central automated control system, including 2,500 for arrivals and 400 buses operating within Makkah on 14 routes.

The numbers from Hajj 2026 paint a remarkable picture of logistical and humanitarian achievement. It underscored Saudi Arabia’s successful efforts to transform the Hajj from a spiritual journey burdened by logistical chaos into a masterclass in human-centered coordination. The integration of AI-powered diagnostic tools, telemedicine platforms, robotic logistics, and drone deliveries redefined what is possible in mass gathering healthcare.

The true success of Hajj 2026 is a testament to the Kingdom’s commitment to better serving pilgrims and Umrah performers under the ambitious Vision 2030. From the digital ecosystems, including AI crowd management, 5G connectivity, and the Nusuk platform, to the healthcare and transport pillars, the Kingdom has demonstrated that technology and human compassion are not opposing forces but complementary tools.

Understanding Business Funding Types: Commercial Capital vs. Equity Capital

Ghada Ismail

 

In Part One of this series, we explored two of the most common forms of business funding: initial capital, which helps entrepreneurs launch their ventures, and debt capital, which allows businesses to borrow money for growth and operations. But once a business moves beyond the startup stage, its financial needs become more complex.

Companies need funding to purchase inventory, cover operational expenses, enter new markets, and support expansion plans. This is where commercial capital and equity capital come into play.

Although both provide businesses with access to financial resources, they work in very different ways. Understanding the distinction can help founders choose the funding model that best supports their growth ambitions.

 

What Is Commercial Capital?

Commercial capital refers to funds used to support a company's commercial activities and day-to-day operations. It is commonly utilized by startups and small and medium-sized enterprises (SMEs) to finance ongoing business needs and maintain operational momentum.

Commercial capital is often used for:

  • Purchasing inventory or raw materials
  • Covering operating expenses
  • Managing fixed costs
  • Supporting trading and commercial activities
  • Improving cash flow flexibility

Unlike initial capital, which is typically used to get a business off the ground, commercial capital is usually deployed once a company is already operating and looking to sustain or expand its activities.

Because this form of capital is closely tied to business performance and market activity, it is generally considered higher risk. However, that risk can also create opportunities for stronger returns, making commercial capital an important tool for businesses seeking growth.

 

What Is Equity Capital?

Equity capital takes a different approach. Instead of funding business activities directly, it involves raising money by selling a portion of the company to investors.

Sources of equity capital may include:

  • Angel investors
  • Venture capital firms
  • Private equity funds
  • Strategic corporate investors
  • Friends and family

In exchange for their investment, shareholders receive an ownership stake in the business and benefit if the company's value increases over time.

Unlike debt financing, equity capital does not need to be repaid. However, founders must be willing to share ownership, future profits, and often some influence over major business decisions.

For startups pursuing aggressive growth, equity capital can provide access to larger amounts of funding than traditional financing options.

 

The Key Difference: Ownership

The most significant difference between commercial capital and equity capital is ownership.

Commercial capital is designed to support business operations. While providers of capital expect returns from the activities they finance, founders generally retain full ownership and control of the company.

Equity capital, on the other hand, requires entrepreneurs to exchange a portion of their business for funding. Investors become stakeholders whose success is tied directly to the company's future performance.

For founders, the trade-off is straightforward: commercial capital helps finance business activities, while equity capital helps finance growth by bringing new owners into the company.

 

Which Option Is Right for Your Business?

The answer depends largely on the company's stage of development and funding needs.

Commercial capital may be a better fit if a business:

  • Needs funding for inventory or operational expenses
  • Wants to maintain ownership and control
  • Has established revenue streams
  • Requires short- to medium-term growth support

Equity capital may make more sense if a business:

  • Is in its startup or early-growth stage
  • Needs substantial funding to scale quickly
  • Wants access to investor expertise and networks
  • Is willing to share ownership in exchange for growth capital

Many successful companies use both forms of capital at different stages of their journey. A startup may initially raise equity capital to build its product and enter the market, then use commercial capital later to support expansion and day-to-day operations.

 

To Wrap Things Up…

As we've seen throughout this series, different types of capital serve different business objectives. Initial capital helps launch a company, debt capital provides borrowed funds, commercial capital supports ongoing operations, and equity capital brings investors into the ownership structure.

Neither commercial capital nor equity capital is inherently better. The right choice depends on a company's goals, financial position, and growth strategy.

For entrepreneurs, understanding the strengths and trade-offs of each type of capital is essential to building a sustainable business and making smarter funding decisions as the company evolves.

How baby bonds democratize access to fixed-income investing

Noha Gad

 

In the evolving world of finance, access to investment opportunities has traditionally favored those with substantial capital, as high minimum investment requirements often create barriers for retail investors, limiting their ability to diversify portfolios and participate in fixed-income markets. Yet, financial innovation continues to reshape this landscape, introducing instruments designed to democratize access and empower everyday investors.

One of these instruments is baby bonds, fixed-income securities specifically structured to lower the entry threshold for individual investors. Unlike conventional bonds, which typically require a minimum investment of $1,000 or more, baby bonds are issued with par values under $1,000, often ranging between $25 and $500. This accessibility makes them particularly appealing to retail investors seeking to build stable, income-generating portfolios without committing large sums of capital upfront.

 

How do baby bonds work?

These instruments function like other fixed-income securities as they have a specific maturity date and follow a schedule of interest payments. At maturity, the issuer repays the principal amount to the bondholder. However, many baby bonds are issued as zero-coupon bonds, meaning they are sold at a deep discount to their face value and do not pay periodic interest. The maturity periods for baby bonds are various. Some issuers offer short-term bonds with 5 to 15-year maturities, while others extend to decades, sometimes up to 50 years, particularly when issued for long-term infrastructure projects.

Baby bonds offer several compelling benefits for retail investors, notably:

  • Accessibility: Low investment minimum makes fixed income accessible to investors with limited capital.
  • Portfolio diversification: baby bonds enable small investors to add fixed-income exposure to otherwise equity-heavy portfolios.
  • Fixed income stability: These bonds provide predictable returns with defined maturity dates.

Additionally, baby bonds represent a practical way for investors in emerging markets or those building their first investment portfolio to enter the bond market without committing substantial capital. They are especially useful for gradual portfolio building, allowing investors to purchase multiple bonds over time.

 

Some risks to consider before investing in baby bonds

Despite their advantages, baby bonds carry important risks that investors must understand:

  • Risks stay the same.  A lower investment minimum does not mean lower risk. Baby bonds carry the same credit risk, interest rate risk, and inflation risk as traditional bonds.
  • Zero-coupon limitations: Many baby bonds are zero-coupon, meaning no interim income is paid. Investors must wait until maturity to realize gains, which may not suit those seeking regular income.
  • Liquidity concerns: Some baby bonds may have limited secondary market activity, making them harder to sell before maturity compared to widely traded bonds or bond ETFs.
  • Opportunity cost: For investors with capital available, the low returns on baby bonds may offer lower returns compared to equities or other investment vehicles over the same period.

To sum up, baby bonds represent a meaningful step toward democratizing access to fixed-income investing. By lowering the entry threshold, they remove a longstanding barrier that has historically excluded retail investors from the bond market. For investors in emerging markets, those building their first portfolio, or anyone seeking to diversify with limited capital, baby bonds offer a practical pathway to participate in stable, income-generating assets. However, investors must recognize that baby bonds carry the same credit, interest rate, and inflation risks as traditional bonds, and factors such as zero-coupon structures and limited liquidity require careful consideration. This is why baby bonds are best suited for investors who prioritize gradual portfolio building, fixed-income stability, and diversification over aggressive returns.