Snapchat Strategy Backs Saudi Arabia’s Digital Economy, Tech Transformation

Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih during the inauguration of the company’s office (Asharq Al-Awsat)
Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih during the inauguration of the company’s office (Asharq Al-Awsat)
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Snapchat Strategy Backs Saudi Arabia’s Digital Economy, Tech Transformation

Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih during the inauguration of the company’s office (Asharq Al-Awsat)
Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih during the inauguration of the company’s office (Asharq Al-Awsat)

Snapchat has reaffirmed its commitment to Saudi Arabia’s digital transformation, unveiling a strategy that aligns closely with the Kingdom’s Vision 2030 goals.

According to Abdullah Al-Hammadi, Snapchat’s General Manager in Saudi Arabia, the company sees not challenges but opportunities in the local market, aiming to be a central partner in national development.

In an interview with Asharq Al-Awsat, Al-Hammadi explained that Snapchat’s strategy in the Kingdom rests on three key pillars: developing human capital, contributing to GDP by enabling creators to earn sustainable income, and strengthening ties with customers and partners through a local presence. The opening of Snapchat’s first Saudi office in the JAX District in Diriyah marked a major step in that direction.

“Our strategy begins with investing in people,” said Al-Hammadi, highlighting programs such as the 12-month Graduate Development Program, digital marketing workshops for Saudi businesses, and the Snap School initiative designed to support local content creators.

The second pillar, he noted, is driving economic impact. This includes empowering content creators to monetize their work and helping local advertisers expand their reach in the digital economy. The third pillar focuses on proximity: the new Saudi office hosts the region’s first “Snap Council,” a forum for creators to collaborate and innovate.

Snapchat formally inaugurated its Riyadh office in November 2024, in an event attended by co-founder and CEO Evan Spiegel, along with Saudi Ministers Abdullah Al-Swaha (Communications and IT) and Khalid Al-Falih (Investment).

25 Million Active Users
The Kingdom remains one of Snapchat’s most dynamic markets, with over 25 million monthly active users who open the app more than 50 times a day. Around 90 percent of users fall between the ages of 13 and 34.

Company data shows that 54.5 percent of users are male and 45.5 percent female, while 60 percent of the most engaged users are over 25 years old. Meanwhile, 71 percent of Saudi parents actively use the platform.

“Saudis express themselves on Snapchat at a rate more than 2.2 times higher than on other platforms,” said Al-Hammadi. Over 85 percent of users interact daily with augmented reality (AR) lenses, which have become a defining feature of the platform.

National Day as a Digital Economy Driver
Al-Hammadi pointed to Saudi National Day as an example of Snapchat’s growing economic role. Traditionally a cultural celebration, the holiday has evolved into a major commercial season aligned with Vision 2030’s emphasis on the digital economy. In 2024, 94 percent of Saudi Snapchat users participated in National Day activities through the app.

September has also become a key shopping period: 85 percent of Saudis prepare shopping lists in advance, 72 percent plan bulk purchases, and 76 percent expect brand discounts. “National Day has become the second-biggest shopping season after Ramadan,” Al-Hammadi said. “On Snapchat, advertisers and shoppers come together in a shared moment of economic vitality through innovative campaigns.”

AI-Powered Experiences Ahead

Looking to the 2025 National Day, Snapchat anticipates a new wave of innovation driven by AI-enhanced AR. Features such as the Arabic Sign Language lens launched at the Riyadh International Book Fair in 2023, interactive book experiences, and child-focused filters demonstrate how AI can transform AR into more personal, inclusive, and immersive experiences.



IMF Upgrades Outlook for Surprisingly Resilient World Economy to 3.3% Growth this Year

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
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IMF Upgrades Outlook for Surprisingly Resilient World Economy to 3.3% Growth this Year

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo

An unexpectedly sturdy world economy is likely to shrug off President Donald Trump's protectionist trade policies this year, thanks partly to a surge of investment in artificial intelligence in North America and Asia, the International Monetary Fund said in a report out Monday.

The 191-nation lending organization expects that global growth will come in at 3.3% this year, same as in 2025 but up from the 3.1% it had forecast for 2026 back in October, The Associated Press reported.

The world economy "continues to show notable resilience despite significant US-led trade disruptions and heightened uncertainty,'' IMF chief economist Pierre-Olivier Gourinchas and his colleague Tobias Adrian wrote in a blog post accompanying the latest update to the fund's World Economic Outlook.

The US economy, benefiting from the strongest pace of technology investment since 2001, is forecast to expand 2.4% this year, an upgrade on the fund's October forecast and on expected 2025 growth — both 2.1%.

China — the world's second-largest economy — is forecast to see 4.5% growth, an improvement on the 4.2% the IMF had predicted October, partly because a trade truce with the United States has reduced American tariffs on Chinese exports.

India, which has supplanted China as the world's fastest-growing major economy, is expected to see growth decelerate from 7.3% last year (when it was juiced by an unexpectedly strong second half) to a still-healthy 6.4% in 2026.


France Says Still Loyal to Syria Kurds, Hails Ceasefire

Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
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France Says Still Loyal to Syria Kurds, Hails Ceasefire

Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri

France on Monday welcomed a ceasefire between the Syrian government and Kurdish-led forces and stressed it remained loyal to the latter who spearheaded the battle against the ISIS group.

"France is faithful to its allies," the foreign ministry said, urging all sides to respect the ceasefire deal, which will also see the Kurdish administration and forces integrate into the state after months of stalled negotiations.


Lucid in 2026: 'Made in Saudi Arabia' Label Goes Global

Mark Winterhoff, interim CEO of Lucid (Company) 
Mark Winterhoff, interim CEO of Lucid (Company) 
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Lucid in 2026: 'Made in Saudi Arabia' Label Goes Global

Mark Winterhoff, interim CEO of Lucid (Company) 
Mark Winterhoff, interim CEO of Lucid (Company) 

Saudi Arabia is positioning itself as a global launchpad for Lucid, the electric-vehicle manufacturer, not merely as a consumer market, but as a manufacturing and export hub serving markets worldwide.

Speaking from Riyadh during his participation in the Future Minerals Forum, Mark Winterhoff, interim chief executive officer of Lucid — whose largest shareholder is Saudi Arabia’s Public Investment Fund (PIF) — outlined the company’s next phase, which focuses on disciplined expansion, resilient supply chains, and a strategic shift from ultra-luxury vehicles toward a broader consumer segment.

In remarks to Asharq Al-Awsat, Winterhoff described the forum as a critical platform for the electric-vehicle industry, given its heavy reliance on minerals and rare earth elements, particularly those used in magnets. He praised Saudi Arabia’s leadership in this area, noting its direct impact on multiple industrial sectors. Winterhoff oversees the execution of Lucid’s strategy and leads teams responsible for product design, engineering, and manufacturing efficiency.

Saudi Arabia as an Export Base

Winterhoff said Lucid’s Saudi factory - the company’s first manufacturing facility outside the United States - was designed from the outset as a major export platform, not solely to meet domestic demand.

Under current plans, only 13 to 15 percent of production will be allocated to Gulf Cooperation Council (GCC) markets, with the majority destined for export. He confirmed that Lucid remains on track to begin production at the facility by the end of this year, specifically in December.

In January 2025, Lucid joined the “Made in Saudi Arabia” program, enabling it to use the national manufacturing label on vehicles produced locally. The company is the first automotive original equipment manufacturer (OEM) to receive the designation, reflecting Saudi Arabia’s push to localize advanced industries, deepen partnerships with global manufacturers, and establish itself as a hub for electric-vehicle production and exports.

Strong Growth Momentum

Winterhoff said Lucid posted strong growth in both production and deliveries in 2025. Annual production more than doubled, while deliveries rose 55 percent year-on-year. The fourth quarter recorded particularly strong results in the United States and the Middle East, especially Saudi Arabia.

He noted that Lucid was the only electric-vehicle manufacturer in the US to report higher deliveries in the fourth quarter of 2025, at a time when many competitors saw sharp declines.

According to company figures, Lucid produced about 18,378 vehicles in 2025, up 104 percent from 2024, while deliveries reached 15,841 vehicles. In the fourth quarter alone, production climbed to 8,412 vehicles — up 116 percent from the previous quarter — while deliveries rose 31 percent to 5,345 vehicles.

While Lucid currently operates in the luxury segment, its most significant strategic shift involves developing a mid-size vehicle priced at around $50,000. Winterhoff said this model, aimed at a much wider consumer base, will form the backbone of production at the Saudi plant and enable the facility to reach its targeted maximum capacity.

Supply Chain Challenges and Outlook

Winterhoff identified supply chains - particularly for minerals, rare earth elements, and semiconductors - as ongoing challenges for the industry. He said Lucid faced repeated difficulties over the past year in sourcing magnets and securing stable semiconductor supplies. Forums such as the Future Minerals Forum, he added, are part of the solution, helping build a more stable and sustainable resource ecosystem.

Looking ahead, Winterhoff expressed confidence in Lucid’s trajectory. The company currently leads US electric-vehicle sales in the luxury sedan segment and ranks third when internal combustion vehicles are included. With the launch of its mid-priced model, Lucid expects higher production volumes and, in 2026, plans to enter the autonomous robotaxi market, an emerging sector it views as a key source of future growth.