The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation
The new-build Kimpton Riyadh will be located within the King Abdullah Financial District
Economic expansion was driven by a 5.8 per cent increase in non-oil activities
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
The open banking platform plans to use the proceeds of the Series A funding round to accelerate growth in Saudi Arabia
Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar
Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism
The agreement will see Amsa Hospitality develop a range of Accor’s economy and midscale brands while also acting as the third-party operator by leasing and franchising the assets
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate
Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region
The resort will feature 225 guest rooms and suites with terraces overlooking the beaches of the Red Sea
Jessica Wong, managing partner at eWTP Arabia Capital looks at how Saudi Arabia is uniquely placed to leapfrog innovation hurdles and build businesses with global impact
Aman Wadi Safar will include 78 keys, while Janu Diriyah will feature 120 guest rooms
The merger, which creates the largest post-acute care provider in the GCC, places Amanat Holdings in a strong position to benefit from the significant post-acute care bed gap across Saudi Arabia and UAE
The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023
The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events
The boutique hotel will feature 35 guest rooms and is expected to open to by Q4 2023
Tawal, which is making its first foray into Europe through the acquisition, already owns more than 16,000 towers
The crescent Moon that signals the end of the holy month of Ramadan was spotted in the kingdom and the UAE on Thursday
New visa application rules have also been announced for Saudi nationals and residents in Saudi Arabia, as well as citizens of Qatar
The Saudi Arabian construction sector is undergoing a period of dynamic evolution, as the monarchy seeks to diversify its economy and increase foreign investment
The 200-key new-build property will open in the capital’s Olaya district in 2026
The Eid Al Fitr holiday begins at the end of Ramadan and UAE residents are looking forward to a four or five-day weekend this year
Hilton currently operates 16 hotels in Saudi Arabia and has another 51 under development
Dar Tantora by The House Hotel, a Kerten Hospitality brand, will open with 30 guest rooms
With Eid just around the corner, many people in the UAE are already planning their vacations to celebrate the occasion with their loved ones
The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links
The Eid holiday will start on Thursday, April 20, at the end of the workday
The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises
The launch is one of the initial steps toward the development of AV legislation, regulations and supporting systems in the kingdom