{"id":102207,"date":"2025-11-06T00:00:00","date_gmt":"2025-11-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/06\/saudi-born-spice-debuts-to-shake-up-dining-and-restaurant-funding\/"},"modified":"2025-11-06T00:00:00","modified_gmt":"2025-11-06T00:00:00","slug":"saudi-born-spice-debuts-to-shake-up-dining-and-restaurant-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/06\/saudi-born-spice-debuts-to-shake-up-dining-and-restaurant-funding\/","title":{"rendered":"Saudi-born SPICE debuts to shake up dining and restaurant funding"},"content":{"rendered":"

\n

EXPANSION-<\/p>\n

#1- <\/strong>Homegrown dining platform <\/strong>SPICE<\/a><\/strong> launched in the Kingdom as a first-of-its-kind <\/strong>service that helps restaurants grow without taking debt or giving up ownership<\/strong>, according to a press release<\/a>. The platform offers what it calls \u201cdining capital,\u201d providing upfront funding to restaurants while connecting diners to curated, high-end venues through its app, which also offers reservations, rewards, and personalized recommendations. SPICE is rolling out in Riyadh before expanding to the UAE, other GCC countries, and Europe, with its app initially available by invitation only. <\/p>\n

The minds behind SPICE: <\/strong>The platform was founded by Zeid Husban (LinkedIn<\/a>), Walid Hawi (LinkedIn<\/a>), and Yousef Sawalha (LinkedIn<\/a>), who previously built ifood.jo and POSRocket<\/a>. <\/p>\n

\n

\n

#2- <\/strong>UK-based Esports and gaming company <\/strong>ESL FACEIT Group<\/a><\/strong> opened its new <\/strong>regional <\/strong>headquarters and esports venue in Riyadh<\/strong>, according to a press release<\/a>. The 1k sqm facility can host over 500 people and includes 300 square meters of LED screens for tournaments, broadcasts, and events. The new hub will serve as a base for regional and international competitions such as the ESL Saudi Challenge. <\/p>\n

\n

HEALTHCARE-<\/p>\n

Saudi\u2019s<\/strong> Value Makers Studio<\/a><\/strong> deployed a \u201cstrategic investment\u201d into psychological <\/strong>support and online therapy platform <\/strong>Arab Therapy<\/a><\/strong> to support its expansion into the Kingdom<\/strong>, according to a press release (pdf)<\/a>. The move came during the Global Health Exhibition, which also witnessed Arab Therapy secure a telemedicine license form the Health Ministry. The expansion will also contribute to launching the first Arabic AI-powered mental health assistant.<\/p>\n

About Arab Therapy:<\/strong> Founded in 2021 by Tareq Dalbah (LinkedIn<\/a>) in Germany\u2019s capital, Berlin, the online platform serves clients in over 42 countries.<\/p>\n

\n

MANUFACTURING-<\/p>\n

Hanw<\/a><\/strong>ha Power Systems<\/a><\/strong> inked a lease contract to establish about 11.6k sqm compressor <\/strong>packaging and service center in Aramco\u2019s King Salman Energy Park (Spark)<\/strong>, it said in a press release<\/a> yesterday. Financial details remain undisclosed. Construction works will kick off in Q1 2026, while operations commencing in Q1 2027. The agreement was signed during Abu Dhabi\u2019s Adipec 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO: ESL FACEIT opens new esports HQ in Riyadh<\/p>\n","protected":false},"author":1,"featured_media":102208,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,10,4103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-xx","wpautop","entry"],"acf":{"mongo_id":"eb39bdd3-b417-45e8-84ea-3fc45cfa6d97","order":"13","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1263.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi-born SPICE debuts to shake up dining and restaurant funding","related_issue":[102184],"teaser":"ALSO: ESL FACEIT opens new esports HQ in Riyadh","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.6852a78e-f192-4e66-a2da-828661cfb6ec.mp3"},"yoast_head":"\nSaudi-born SPICE debuts to shake up dining and restaurant funding - 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