Shaza Hotels has signed MoUs for four new projects – Shaza Riyadh Stables Resort, Mysk Residences in Riyadh and Mysk Al Haramain Hotels - 3 & 4 in Makkah – during the inaugural TOURISE 2025. They also announced a $950 million global project pipeline.
As Saudi Arabia advances its Vision 2030 agenda, the first WTM Spotlight in Saudi Arabia will convene global travel leaders in Riyadh from September 29 to October 1, 2026. The event will connect international and Saudi travel communities to explore the Kingdom's rapidly expanding inbound and outbound tourism markets.
Saudi Arabia and Bahrain are now driving the GCC’s outbound travel growth, with Qatar and Oman also experiencing remarkable rises as regional aviation capacity and tourism investments accelerate, according to new traveller insights released by Dragonpass.
Arsenale has signed an agreement for the "Dream of the Desert," the first ultra-luxury Italian train in Saudi Arabia, starting in 2026. The MoU with the Tourism Development Fund supports financing and enhances global positioning.
Valor Hospitality Partners is expanding in Saudi Arabia through a partnership to establish 25 hotels with over 3,000 keys by 2026. Additionally, its global portfolio is set to grow by over $1 billion across multiple regions by 2025.
Starhotels Collezione, Italy’s luxury hotel group, recently held several events in the GCC, including a Sales Conclave in Saudi Arabia and the UAE, and exclusive Media and Partners Evenings in Abu Dhabi and Dubai.
Saudi Arabia's construction and building sector topped the list as the most attractive field at the “Land of Opportunities” zone at the Biban Forum 2025, organised by the Small and Medium Enterprises General Authority (Monsha’at).
Cement sales in Saudi Arabia increased by 7.3% year on year (y-o-y) and 8.1% month-on-month (m-o-m) to 5.24 mt in October. This is the highest monthly sales since March 2021, said an Al Rajhi Capital research note.
Acciona, a global company and a leader in providing renewable solutions, has completed the construction and commissioning of the Shuqaiq 4 desalination plant, located in the southwest of Saudi Arabia.
The ninth edition of the Future Investment Initiative flagship conference (FII9), which concluded in Riyadh recently saw more than $50 billion in signed agreements and investment pledges. The deals spanned artificial intelligence, advanced technology, renewable energy and infrastructure.
