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SURGE IN TOURIST DEMAND
Saudi Arabia expected to develop 320,000 hotel rooms
Saudi Arabia is gearing up to develop 320,000 hotel rooms to cater to the projected surge in tourism, with the kingdom raising its projection for tourist numbers to 150 million by 2030, according to a new report.
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CONTRACT AWARDS UP 20.3pc
Saudi, Qatar spearhead $45bn GCC project awards growth
Defying regional and global geopolitical challenges, GCC project awards increased by 20.3% in the first quarter to hit $45 billion compared to $37.4 billion last year, with regional heavyweights Saudi Arabia and Qatar spearheading growth, said a report.
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244m sq ft FREEHOLD PROPERTY
Ara unveils $6bn Arabian Hills Estate in Abu Dhabi
ARA Real Estate Development, a Core Holding subsidiary, has unveiled the Arabian Hills Estate, an AED22-billion ($6 billion) master-planned, gated community in Abu Dhabi, at an exclusive event held in Madinat Jumeirah, Dubai.
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INSIGHT
Family businesses ‘prioritise expansion, technology’
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
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 | Industry Sectors |
Oman floats service tenders for Sultan Haitham City project
Oman has floated three service tenders for the Sultan Haitham City project, first phase (2024-2030). The first tender is for the road infrastructure; the second for water networks and the third one is for power substations.
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Walmart chooses Swisslog ASRS powered by SynQ software
Swisslog has announced that Walmart will install a Swisslog automation solution within its Robinson, TX, facility to enable seamless material flow and increase uptime.
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Abu Dhabi summit sets out roadmap to future fuels economy
Leading industry leaders from across the globe along with senior ministers and policymakers discussed ways to advance development of green hydrogen economy at a key summit held in Abu Dhabi, thus outlining the roadmap to future fuels economy.
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Al Mal Capital REIT completes $49m rights issue
Al Mal Capital REIT, the first REIT listed on DFM and managed by Al Mal Capital, a subsidiary of Dubai Investments, has announced the successful completion of its recent rights issue, generating AED180 million ($49 million) in fund raise.
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Both humans and tech must evolve as the AI era unfolds
As AI becomes more and more sophisticated, it is imperative that it is figured out how to harness the power of its innovations without opening up to dangerous risks.
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Alba achieves milestone at PS5 with Mitsubishi's turbine First Fire
Aluminium Bahrain (Alba), one of the world's largest aluminium smelters, has achieved a major milestone towards the commercial operation of its Power Station 5 (PS 5) Block 4 project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT).
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Ethiopian Airlines launches new service to Warsaw, Poland
Ethiopian Airlines, Africa's largest network operating carrier, is excited to announce the launch of new four times weekly passenger services to Warsaw, Poland via Athens. The inaugural flight is scheduled to begin on June 16, 2024.
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PIF, stc Group to form region’s largest telecom tower firm
Saudi Arabia’s Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) have signed definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (Tawal) from stc Group.
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Saudi International Luxury Week from April 27
Saudi International Luxury Week, the kingdom’s premier watch and jewellery event, will return later this month.
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OMODA & JAECOO to take centre stage at Beijing Auto Show
OMODA & JAECOO, the innovative automobile brands dedicated to pioneering the future of travel, have announced their participation at the 2024 Beijing International Automotive Exhibition, set to commence on April 25.
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Saudi doctors sweep awards at Geneva Inventions Expo 2024
A team of doctors from Makkah have made history at the prestigious Geneva International Exhibition of Inventions 2024 winning gold, silver and bronze medals for all five inventions they presented.
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Top 30 shortlisted for Sony Future Filmmaker Awards 2024
A total of 30 international filmmakers have been shortlisted for Sony Future Filmmaker Awards 2024 after screening over 8,400 films by 5,000 directors across 148 countries. They will get to attend a week of special events at Sony studios in Los Angeles.
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2nd Industrialists Career Exhibition opens, 800 jobs up for grabs
The second edition of the Industrialists Career Exhibition has opened aiming to provide 800 jobs from more than 80 industrial, technological and service companies, including 150 jobs for people of determination.
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GCC Commercial Arbitration Centre unveils frontline protocols
The GCC Commercial Arbitration Centre has introduced cutting-edge protocols for registering arbitrators and experts, Dr Kamal Al Hamad, Secretary General of the Centre has said.
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