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Saudi Electricity secures $3bn financing for Taiba, Qassim projectsSaudi Electricity Company (SEC) has announced that it has successfully aligned financing for the Taiba 1 and Qassim 1 Independent Power Plant (IPP) projects, securing SAR11.4 billion ($3.04 billion) of non-recourse funding. Taiba 1 and Qassim 1 are IPP project More… |
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Empower posts $45m net profit in Q1, revenue up 8.8pcEmirates Central Cooling Systems Corporation (Empower) has announced that it had recorded solid results for the first quarter with a AED166 million ($45 million) net profit over last year's figure of AED167.4 million, while its revenue surged by 8.8% to hit AED538 million ($146.4 million) More… |
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Cheval’s first property in KSA set for completion in 2027Hospitality group Cheval Collection’s new $80-million luxury serviced apartments in Riyadh, Saudi Arabia, will break ground this year, with construction due for completion in 2027. Cheval Ladun Living – a partnership with KSA-based Ladun Inve More… |
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PIF company Alat launches electrification, AI infrastructure unitsAlat, a major company of Saudi sovereign wealth fund PIF focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today launched two new business units - Electrification and AI Infrastructure.& More… |
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Qiddiya to open region's biggest water theme park in RiyadhSaudi-based Qiddiya Investment Company (QIC) has announced the launch of Aquarabia, the first water theme park of its kind in Saudi Arabia and the largest in the region. Located in Qiddiya City, close to capital Riyadh, Aquarabia will complement Six Flags Qidd More… |
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Bloom announces sell-out of Abu Dhabi residential community unitsUAE-based developer Bloom Holding has announced that all the units within its residnetial community Olvera have been sold out in record time. A premium development within Bloom Living, a fully integrated and all-inclusive community in Abu Dhabi, it featu More… |
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Slow travel, sustainability emerge future global tourism trendsTravel & tourism experts from across the industry convened at the Arabian Travel Market (ATM) 2024 Future Stage this morning to discuss the complexities of navigating the transformation of hospitality. Slow travel, a movement that encompasses sustainable t More… |
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Red Sea Global unveils designs for Shura Links golf courseRed Sea Global (RSG), the multi-project developer behind regenerative tourism destinations The Red Sea and Amaala, has officially revealed the name and designs of its golf course and clubhouse on Shura Island at The Red Sea set to complete and open in full in 2025. More… |
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Accor to launch new hotel, residences project in MakkahAccor, a world-leading hospitality group, has joined hands with Alesayi Holding, a leader in the Saudi Arabian real estate market with a diverse portfolio of residential and commercial units, for the launch of a new hotel and residences development in Makkah city. More… |
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Mered signs up HBA to design ultra-luxury property in DubaiMered, an international real estate developer with headquarters in Dubai, has partnered with the world-renowned hospitality design firm Hirsch Bedner Associates (HBA) for the development of the Iconic Tower, a symbol of ultra-luxury living in the heart of the city. More… |
