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13m PASSENGERS PER ANNUM
India's GMR, Dar Al Handasah in race for Abha airport project
Saudi-based Matarat Holding has announced that leading players in airport construction sector including India's GMR Airports; Turkish group Mada TAV and Dar Al Handasah Consultants have been prequalified for the development of new Abha airport project.
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ROBUST HOSPITALITY MARKET
Over 10,000 new hotel rooms to come online in Dubai next year
More than 2,700 new hotels rooms were delivered in Dubai during the first half of 2024, with a further 10,100 set to come on to the market by the end of 2025. The city added 12 hotels to its inventory in the first six months, said an industry expert.
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200 RESIDENTIAL VILLAS
Dar Global, Mouawad to launch $234m landmark Saudi project
Dar Global has joined hands with top jeweller Mouawad to launch a SAR880 million ($234 million) residential project close to World Expo 2030 venue in Riyadh. Set for handover in Q4 2026, the luxury project will feature a total of 200 residential villas.
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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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INSIGHT
Technology 'set to transform hospitality, tourism in a big way'
The region’s hospitality and tourism industry is checking into tech in a big way. From revolutionising the guest experience to smart energy management systems, innovation today is the key to the industry’s success of tomorrow – and beyond.
Top Trade News
 | Industry Sectors |
India's GMR, Dar Al Handasah in race for Abha airport project
Saudi-based Matarat Holding has announced that leading players in airport construction sector including India's GMR Airports; Turkish group Mada TAV and Dar Al Handasah Consultants have been prequalified for the development of new Abha airport project.
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The Retail Summit expands to Saudi Arabia
The Retail Summit (TRS), the leading global event shaping the future of retail, has announced its expansion into Saudi Arabia with its inaugural event to take place on January 27 and 28, 2025 in Riyadh.
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Besix's Dubai W-t-E plant enters full commercial operations
Belgian infrastructure major Besix has announced that the Warsan Waste-to-Energy plant, which was developed in partnership with Hitachi Zosen Inova (HZI), Dubai Holding, Dubal, Tech Group and Itochu, has officially entered full commercial operations.
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Spain’s Santander Private Banking opens regional HQ in DIFC
Santander Private Banking, has established a new office in Dubai International Financial Centre (DIFC) reinforcing Dubai’s strategic position as a premier hub for private banking operations.
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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.
More…
Bahrain non-oil exports of national origin hits $786m in August
The total value of Bahrain's non-oil export (National Origin) products for August touched BD298 million ($786 million), according to official data. The Kingdom of Saudi Arabia topped the importers' list with BD66 million products followed by US and UAE.
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Qataris to enjoy visa-free travel to US from December 1
The US has announced it was admitting Qatar into its visa waiver program, allowing visa-free travel by Qatari citizens for up to 90 days starting from December 1. With this move, Qatar has become the first Gulf country to enter the US visa waiver list.
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Enova launches AI-powered Virtual Assistant
Enova, a joint venture between Majid Al Futtaim and Veolia and a regional leader in integrated energy and facilities management services, has announced the launch of its Artificial Intelligence Enova Virtual Assistant (AIEVA).
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Global beauties Katrina, Huda in exciting digital tieup
In a cross-cultural celebration of beauty, Bollywood actress Katrina Kaif has announced a digital association with global beauty mogul, Huda Kattan that will offer fans an exclusive look into their makeup routines, personal and entrepreneurial insights.
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GEODIS launches a test phase for Oxygen urban electric truck
GEODIS has announced the start of a trial phase for Oxygen, the urban electric truck developed in a partnership with Renault Trucks that began in 2022.
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M42 Bahrain, Mumtalakat break ground on Amana healthcare facility
Amana Healthcare, part of M42 group, has teamed up with Mumtalakat Holding Company to break ground on its 100-bed healthcare facility in Bahrain. Set to launch operations in 2025, it will be a key provider of long-term care and post-acute rehab services.
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Saudi Film Confex back in style for its second edition
The Saudi Film Commission kicks off the second edition of its key industry event - Saudi Film Confex - next month in Riyadh featuring some of the top decision-makers as well as Arab and international producers to help strengthen the KSA film industry.
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Salesforce and NVIDIA tie up to advance AI agent innovation
Salesforce and NVIDIA have announced a strategic collaboration to develop advanced AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
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Saudi Women’s Premier League to kick off with 20 nationalities, 200 players
The Saudi Women’s Premier League returns to action on September 27, as the new season’s kick-off campaign, #SeeUsPlay, invites fans to celebrate women’s football in the kingdom that features 77,000 female players in the school league.
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