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Saudi initiative to incubate economic alternatives

Published Mon, Feb 16, 2015 · 09:50 PM
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Riyadh

LATEEFA al-Waalan just wanted to make Arabic coffee simple: no more labourious mixing of ingredients and careful attention to boiling.

Supported by a Saudi programme to foster, or "incubate", technology-based businesses with high growth potential, she developed a machine to produce Arabic coffee at the push of a button - the first of its kind. In the process, Ms Waalan and her Yatooq company became emblematic of efforts to diversify the oil-dependent kingdom's economy and employ more Saudis, particularly women.

Yatooq is one success story from the business incubati…

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