NEWS
Kitch launches in Saudi Arabia and the UAE
Officials from Kitch at the official launch
Arabia and the UAE , the vertically integrated , hybrid food-tech start-up is set to open four delivery kitchens in Riyadh within the first quarter of 2021 and additional 15 kitchens across the GCC later this year .
Hajj said : “ We are thrilled to launch the region ’ s first hybrid cloud-kitchen and premium store-front operator Kitch . Saudi Arabia and the UAE offer huge potential for this concept and we are looking to be a part of an industry valued at over US $ 3 billion .”
Alhokair added that : “ I am excited to join hands with Walid to embark on this new decade of F & B innovation and transformation .
Walid Hajj , Founder of Cravia together with Co-Founder Fahad Alhokair , a Saudi entrepreneur and Founder of Veda Holding , a company that focuses on start-ups in technology , retail , real estate , logistics and F & B , has officially launched the region ’ s first hybrid , delivery-focused , cloud kitchen and premium store-front operator , Kitch in Saudi Arabia and the UAE . Launching first in key markets such as Saudi
“ We are constantly on the lookout for new investment opportunities and we see a strong growth potential and bright future in the hybrid cloud-kitchen model of Kitch in both Saudi Arabia and the UAE .”
stc and Etihad Atheeb Telecommunication Company sign settlement agreement
Saudi-based telco Saudi Telecom
Company ( stc ), has signed an agreement with Etihad Atheeb Telecommunication Company ( GO ) to settle the previous balances and dues .
The agreement has been reached after intense and continuous negotiations between the two parties during the previous period , which resulted in an agreement to settle the dues and balances in a way that serves both parties ’ interest .
It is expected that the latest agreement will help Atheeb to move forward in developing and supporting their business , increasing their competitiveness and improving their infrastructure in line with the customers ’ aspiration and the Kingdom ’ s global position in the telecommunications sector .
The agreement will have a positive impact on the telecommunications sector as a whole by
helping to achieve its goals and objectives as one of the most vital and growing sectors in the Kingdom and by increasing its contribution to the GDP in line with the indicators related to the Kingdom of Saudi Arabia ’ s Vision 2030 .
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