Thursday 3 October 2024

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$1.96bn DEAL INKED WITH KHC
Saudi Binladin Group to resume work on 'world's tallest tower'

Saudi Binladin Group will resume the construction work on the mega tower being developed as part of the Jeddah Economic Company City project. The building is set to soar 1,000 m into the sky when complete, thus making it the world’s tallest skyscraper.

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180,000 sqm MORE EXPO SPACE
Egis lands consultancy contract for $2.7bn DEC expansion

Egis, an end-to-end global engineering and operating firm, has announced that it has been awarded the lead engineering and architectural consultancy contract for the AED10 billion ($2.72 billion) expansion of the Dubai Exhibition Centre at Expo City.

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2

FOCUS ON SUSTAINABLE GROWTH
Saudi eyes $316bn revenue for FY2025 amid fiscal reforms

Saudi Ministry of Finance has released its pre-budget statement for FY 2025 projecting revenues of SR1.18 trillion ($316 billion), down 4% over previous forecasts, said a report. The budget aligns with Vision 2030 by advancing fiscal and economic reforms.

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3

ANALYSIS
From Boomers to Zoomers: how retailers can boost sales and loyalty

Different generations want to communicate with businesses and brands ahead of Black Friday. However, creating an appropriate omnichannel strategy for this can be challenging. Get it wrong and brands may lose sales or even loyal customers, says an expert.

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4

ANALYSIS
Luxury Hotel Boom: Key drivers shaping the global trend

Global luxury hospitality sector is witnessing significant growth, driven by an influx of affluent travellers seeking exclusive personalised experiences. This is true in Middle East, a region with ambitious projects attracting the HNWIs, said an expert.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Amaal unveils debut lifestyle-led residential project in Dubai

UAE real estate developer Amaal has launched its debut residential project in the heart of Dubai’s Meydan Horizon featuring 512 residences with a mix of one- to four-bedroom apartments. A 48-storey tower, Amaal 8, is set for completion in Q4 2028.

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Retail & Wholesale
Energy, Oil & Gas

SAMI in licence deal to commercialise Aramco safety solutions

SAMI Advanced Electronics Company, a subsidiary of Saudi Arabian Military Industries, said it has reached a licensing agreement with Saudi Aramco Technologies Company for commercialisation of Raqeeb, a proprietary smart safety solution created by Aramco.

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Finance & Capital Market

Saudi eyes $316bn revenue for FY2025 amid fiscal reforms

Saudi Ministry of Finance has released its pre-budget statement for FY 2025 projecting revenues of SR1.18 trillion ($316 billion), down 4% over previous forecasts, said a report. The budget aligns with Vision 2030 by advancing fiscal and economic reforms.

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Analysis, Interviews, Opinions

From Boomers to Zoomers: how retailers can boost sales and loyalty

Different generations want to communicate with businesses and brands ahead of Black Friday. However, creating an appropriate omnichannel strategy for this can be challenging. Get it wrong and brands may lose sales or even loyal customers, says an expert.

More…
Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Hilton in deal to bring Waldorf Astoria brand to Makkah

Saudi-based Taiba Investments has teamed up with hospitality major Hilton to bring its iconic Waldorf Astoria Hotels brand to Madinah. The new property, Waldorf Astoria Al Madinah, boasts over 300 rooms and suites along with other key amenites.

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IT & Telecommunications

Omani group to set up $450m data centre in Suez Canal zone

Oman Data Park (ODP), the sultanate's leading data centre and cloud services provider, has signed an agreement with Intro Technology for the establishment of its data centre in the Suez Canal Economic Zone at an investment of $450 million.

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Lifestyle

NEOM unveils exquisite designs of Sindalah Yacht Club

NEOM, developer of the Saudi futuristic city, has unveiled the interior designs of Sindalah Yacht Club, a jewel of the island’s marina. A premier destination for yacht owners, it is being developed in collaboration with Italian designer Stefano Ricci.

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Health & Environment

New CEO named for Aster Hospitals and Clinics in Saudi

Aster DM Healthcare has appointed a new Chief Executive Officer for Aster Hospitals and Clinics in the Kingdom of Saudi Arabia, to oversee planning, strategy, development, growth expansion, service delivery, and key partnerships.

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Media & Promotion

DWTC picks Momentus to boost event management operations

Dubai World Trade Centre (DWTC) has signed up Momentus Technologies to boost its venue and event management operations by setting new standards of efficiency and innovation across its diverse portfolio of international exhibitions and conferences.

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Education, HR & Training

ICBA, Al Rostamani lay foundation stone for new training centre

The International Centre for Biosaline Agriculture (ICBA) and Al Rostamani Group have officially commenced the construction of state-of-the-art training and agricultural research facilities at ICBA's headquarters in Dubai.

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Miscellaneous

BNET launches initiatives in support of female workforce

Bahrain Network (BNET) has unveiled a series of initiatives building on its efforts to provide a work environment that supports job welfare, promotes mental health and enables its female workforce to achieve a work-life balance.

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