Parsons Corporation said it has secured a three-year contract from the Royal Commission for Riyadh City for all new major road development programmes in the Saudi capital. The PMO services deal covers 500km of new and improved road corridor works.
Line Investments & Property has unveiled its next-generation Visa-powered Laka Gift Card with groundbreaking features that elevate the gifting experience. In a first for the GCC region, shoppers can now personalise their cards with video messages.
Saudi retail brand partner Cenomi Retail has reopened Zara store in the new concept at Al Nakheel Mall in Riyadh. The store, which has 3000 sq m commercial surface, boasts the Infinity stone texture finish and brushed stainless steel portal ceilings.
The iconic annual Dubai Shopping Festival (DSF) takes citywide celebrations to dazzling new heights, kick-starting the festival’s greatest, most phenomenal, and out-of-this-world 30th anniversary edition.
Tanishq, one of the leading jewellery brands in India, has announced the opening of its flagship boutique in the Dubai Gold Souk Extension. Spanning a 5,000 sq ft area, the outlet, its 13th in GCC, is the brand’s largest showroom in the UAE.
Dubai Duty Free has recorded sales of $1.94 billion up to the end of November, and it is on course to hit its target in excess of $2 billion for the year.
On the back of robust retail spend growing at over 7% CAGR in the Middle East and Africa (Mena) region, the leather and footwear market is poised to harvest a windfall growth of nearly $28 billion in the next five years.
Nice One Beauty, a leading Saudi e-commerce platform, is set to launch an IPO in Riyadh, aiming to raise up to SAR1.2 billion ($322 million). It is offering 34.6 million shares (30% of the share capital) for a price range of SAR32 to SAR35 per share.
Talabat Holding, a leading convenience retail marketplace in the Mena region, has announced the successful completion of the bookbuilding and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM).
Lulu Retail has launched its 57th store in Saudi Arabia at Dammam in the Eastern Province as part of its ambitious plan to launch 100 stores in the kingdom within three years. Four new outlets will be opened in Makkah and Madinah in the next two months.
