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World’s first Transformers-themed attraction to be launched in Saudi Arabia

Spanning over 10,000 square metres, the indoor entertainment centre will open at Al Hamra district of Riyadh


Online travel marketplace Wego joins forces with flyadeal to enable direct flight bookings

The airline currently operates scheduled flights to 17 domestic destinations across Saudi Arabia and six in Europe, Middle East and Africa

Cloud7 Residence AlUla (Image: Supplied by Kerten Hospitality)

Kerten Hospitality’s project size in Saudi to reach SAR1.5bn in 2023

The group has launched The Collective by Kerten Hospitality initiative to unify its efforts across all the projects in the kingdom

Flynas A320 new aircraft (Image: Supplied by flynas)

Saudi’s flynas receives three Airbus aircraft

It includes two new A320 neo and one widebody A330 aircraft

Aramco’s Abha bulk plant

Saudi Aramco Q1 profit drops to $31.9bn on lower oil prices

Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility

Red Sea

Saudi Red Sea developer weighs public offering as soon as 2026

The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation

Kimpton Riyadh Saudi Arabia signing ceremony (Image: Supplied by IH Hotels and Resorts)

IHG to debut Kimpton brand in Saudi Arabia by 2024

The new-build Kimpton Riyadh will be located within the King Abdullah Financial District

Saudi Arabia

Saudi Arabia’s economy grew 3.9% in Q1 of 2023

Economic expansion was driven by a 5.8 per cent increase in non-oil activities

Saudi Arabia banking sector

How Saudi Arabia’s banking system is building a solid future

Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector

Abdulla Almoayed, founder and CEO of Tarabut Gateway

Tarabut Gateway raises $32m to fund Saudi expansion

The open banking platform plans to use the proceeds of the Series A funding round to accelerate growth in Saudi Arabia

Saudi Pharma Jamjoom to list 30%

Saudi Arabia’s Jamjoom Pharma to sell 30% stake in IPO

The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital

Saudi tourism

From ancient history to modern luxury, Saudi Arabia’s tourism offerings continue to expand

Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism 

Amsa Hospitality

Amsa Hospitality, Accor join forces to bring 18 new hotels to Saudi by 2032

The agreement will see Amsa Hospitality develop a range of Accor’s economy and midscale brands while also acting as the third-party operator by leasing and franchising the assets

Saudi National Bank profit Q1 2023

SNB to hold 0.5% stake in UBS Group after merger with Credit Suisse

The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023

Aramco, PIF and China’s Baosteel steel JV

Aramco and PIF set up JV to build steel plant with China’s Baosteel

The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate

Rotana at ATM (Image: Supplied by Rotana)

ATM 2023: Rotana to have 120 operational hotels by 2030

Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region

Four Seasons NEOM resort

Four Seasons to develop new island resort in NEOM’s Sindalah

The resort will feature 225 guest rooms and suites with terraces overlooking the beaches of the Red Sea


Insights: The journey of building global businesses from a thriving economy

Jessica Wong, managing partner at eWTP Arabia Capital looks at how Saudi Arabia is uniquely placed to leapfrog innovation hurdles and build businesses with global impact

Aman Wadi Safar (Image: Supplied by Diriyah)

Aman Group to open two properties in Saudi Arabia’s Diriyah

Aman Wadi Safar will include 78 keys, while Janu Diriyah will feature 120 guest rooms

Knight Dragon’s Sammy Lee

How Knight Dragon plans to revolutionise Saudi Arabia’s real estate landscape

The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023

ACWA Power’s Egypt solar project secures $123m financing

The project already has equity bridge loans of $14m from the EBRD and $45m from the APICORP

The Chedi Hegra (Image: Supplied by The Royal Commission for AlUla)

The Chedi Hegra to open in Saudi Arabia’s AlUla

The boutique hotel will feature 35 guest rooms and is expected to open to by Q4 2023

Saudi Arabia, UAE confirm the first day of Eid Al Fitr

The crescent Moon that signals the end of the holy month of Ramadan was spotted in the kingdom and the UAE on Thursday

IHG Hotels and Resorts announces the lunch of Holiday Inn Express brand in Saudi Arabia (Image: Supplied by IHG Hotels and Resorts)

Holiday Inn Express to open first Saudi property in Riyadh

The 200-key new-build property will open in the capital’s Olaya district in 2026

Signing of the upcoming DoubleTree by Hilton Jeddah Al Andalus Mall (Image: Supplied by Hilton)

DoubleTree by Hilton announced for Jeddah

Hilton currently operates 16 hotels in Saudi Arabia and has another 51 under development

Commission for AlUla

Saudi’s Royal Commission for AlUla to restore old mud-brick buildings into high-end hotel

Dar Tantora by The House Hotel, a Kerten Hospitality brand, will open with 30 guest rooms

Saudi Arabia tranfer Aramco stake

Saudi Arabia transfers 4% Aramco stake to PIF

The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares

Saudi Arabia Crown Prince Mohammad bin Salman

Saudi Arabia opens four new economic zones to boost investment

The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links

SAUDIA B787-9 (Image: Supplied by Gatwick Airport comms)

Saudia ramps up flights to Europe and Asia

It has confirmed 56 additional weekly services to 14 destinations

Saudi Eid Break announced for private sector GettyImages-1464744716

Eid Al Fitr 2023: Saudi Arabia announces 4-day holiday for private sector, non-profits

The Eid holiday will start on Thursday, April 20, at the end of the workday