Saudi Arabia’s ambition to welcome 150 million annual visitors by 2030, alongside an estimated $6.3 billion in potential private global real estate investment, is accelerating demand for integrated destinations that combine hospitality, retail, leisure and residential development, says a report.
Saudi-based Alkhorayef Water and Power Technologies Company has signed an agreement with Royal Commission for Riyadh City (RCRC) for the provision of comprehensive operation and maintenance of treated sewage effluent (TSE) network and it facilities in the Saudi capital.
W Hotels, part of Marriott Bonvoy’s global portfolio, has opened W Riyadh – KAFD, marking the brand’s debut in Saudi Arabia. Located in King Abdullah Financial District (KAFD), the hotel combines luxury hospitality, dining and social experiences with locally inspired design.
Riyadh Air launched its first direct Riyadh-Madrid route, expanding Spain connectivity after its Malaga service. The Saudi carrier also signed an MoU with Air Europa to explore codeshare, loyalty, cargo and digital cooperation.
Saudia, Saudi Arabia’s national carrier, has announced the launch of direct flights between Riyadh and Tokyo in partnership with the Air Connectivity Programme (ACP) and the Saudi Tourism Authority. The new service will begin in November 2026, operating three weekly flights.
Saudi Wood Expo, the largest and licensed wood exhibition in the kingdom, will be back for its third edition starting from August 30 in Riyadh bringing together international exhibitors and industry professionals from over 20 countries to explore opportunities in the kingdom's $4.1 billion wood sector.
Amsa Hospitality and Artal Hotels have signed hotel management agreements for three properties in Riyadh, alongside a memorandum of understanding between Hyatt and Artal Hotels to explore bringing the hotels into Hyatt’s global brand portfolio.
The Global AI Show Riyadh held last month (June 29-30) cemented its status as the definitive anchor for the Kingdom’s newly designated "Year of Artificial Intelligence", said organisers.
The Future Investment Initiative (FII) Institute, a global non-profit foundation with an investment arm and one agenda, Impact on Humanity, will celebrate its 10th anniversary with FII10, taking place in Riyadh from October 26 to 29 under the theme “The Power of Legacy.”
Knowledge Economic City (KEC) has announced that it has awarded architectural and MEP works contract to Astra Construction for the Riyadh Schools Complex coming up within the key urban development project in Madinah. The entire work will be completed within 10 months.
