In a significant move aligned with Saudi Arabia’s Vision 2030, Marriott International is set to prioritize sustainability as a fundamental element of its projects in the Kingdom. The announcement was made by Sandeep Walia, the Chief Operations Officer of Marriott International Middle East, during an interview at the Future Hospitality Summit in Abu Dhabi. Walia […]
In a significant declaration of its dedication to nuclear energy, Saudi Arabia has pledged to adhere to a comprehensive international safeguards framework, firmly upholding the Kingdom’s principles of transparency, reliability, and safety. The announcement was made by Saudi Minister of Energy, Prince Abdulaziz bin Salman, during his address at the 67th General Conference of the […]
Saudi Arabia’s tourism and hospitality sector is surging ahead, committed to achieving the ambitious industry targets outlined in Vision 2030. Industry leaders emphasized this commitment during a panel discussion held on Tuesday, highlighting the sector’s pivotal role in job creation and the country’s economic transformation. Badr Alherbish, Chief Strategy Officer of Saudi Arabia’s Tourism Development […]
In a bid to diversify the nation’s economy and embrace the allure of nature, Saudi Crown Prince Mohammed bin Salman has inaugurated the groundbreaking “Soudah Peaks” masterplan. This visionary project aspires to transform the picturesque Soudah region into a global hub for luxury mountain tourism, situated atop Saudi Arabia’s loftiest peak. Crown Prince Mohammed bin […]
The Middle East is poised to become a pivotal force in the global hospitality and residential sectors, with projects worth a staggering $1.9 trillion driving transformative growth, according to a report released ahead of a major industry conference. Saudi Arabia, the UAE, and Egypt are leading this transformative wave, representing a substantial 90 percent of […]
Riyadh, September 24, 2023 – Oman’s gross domestic product (GDP) experienced a notable 9.5 percent decline in the second quarter of 2023 compared to the same period in the previous year, primarily attributed to a significant drop in oil-related activities. According to data from the National Center for Statistics and Information (NCSI), Oman’s GDP at […]
Riyadh, September 24, 2023 – The National Housing Co. (NHC) in Saudi Arabia has achieved a significant milestone in promoting first-time homeownership, announcing the successful delivery of over 30,000 residential units by September 2023 in collaboration with property developers. This announcement, made in conjunction with the celebration of the 93rd Saudi National Day, underlines NHC’s […]
The global hospitality industry is poised to experience a significant surge in investment, with prominent figures from the sector representing over 50 countries gathering for the Future Hospitality Summit in Abu Dhabi from September 25 to 27. Under the overarching theme of “Focus on Investment,” this event will play a pivotal role in igniting change […]
Saudi Arabia has attained a remarkable milestone as its Gross Domestic Product (GDP) has surpassed the coveted $1 trillion mark for the first time, according to a statement by the Federation of Saudi Chambers (FSC), the apex body representing the Kingdom’s business community. The FSC, in partnership with the Saudi Press Agency, announced that Saudi […]
Abu Dhabi, September 24, 2023 (WAM) – The Ministry of Industry and Advanced Technology (MoIAT) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have joined forces in a workshop, conducted in partnership with the Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development. The aim of the workshop was to […]