Saudi Arabia’s PIF already had a 5.01% stake in the platform holder, which was announced in May 2022 “for investment purposes,” and now stands at 6.07% precisely. That’s according to Reuters, based on a report from the country’s Public Investment Fund that was filed today with Japanese regulators. Last year, Saudi Arabia bought a $1 billion stake in Embracer…
Saudi Arabia unveils masterplan for King Salman International Airport
The airport is expected to become one of the largest in the world featuring six parallel runways. Saudi Arabia has revealed a masterplan for King Salman International Airport (DWD), which is expected to position Riyadh as a global logistics hub, as well as stimulate transport, trade, and tourism. Covering nearly 57km² of area, the airport is expected…
IHG debuts Vignette Collection in ME with a signing in Saudi Arabia
The new hotel is in line with IHG’s commitment to add over 10,000 rooms to its portfolio in the country within the next 2-3 years. IHG Hotels & Resorts has announced the signing of a management agreement with the Owners of Carlton Al Moaibed Hotel in Al Khobar, that was founded by the late ‘Abdulrahman Al Moaibed…
Going To The World Cup? Here’s Why You Should Stop In Saudi Arabia
It’s less than a month away until the FIFA World Cup takes place in Qatar – the first Arab state to host the World Cup in history. Qatar’s winning bid is an opportunity to represent the Arab World and shine a spotlight on this diverse country and its neighbors. With more than 100,000 Americans expected to attend this year’s…
Global aviation shows interest in new air routes to Saudi Arabia
The 2022 edition of the Routes World forum, which was held at the Las Vegas Convention Center from 16 to 18 October 2022, saw major interest from global airlines and aviation players in establishing new air routes and strengthening existing air travel partnerships with Saudi Arabia. The Saudi delegation included an inaugural participation by the…
WTTC announces speakers for its 22nd Global Summit in Saudi Arabia next month
The World Travel & Tourism Council (WTTC) unveils its first round of confirmed speakers for its upcoming Global Summit to be hosted by Saudi Arabia, which includes leaders from some of the world’s largest Travel & Tourism businesses, Saudi officials, and tourism ministers from around the world. Taking place at the magnificent King Abdul Aziz…
Saudi Arabia to host WTTC Global Summit from 28 Nov-1 Dec.
The 22nd World Travel and Tourism (WTTC) Global Summit to take place in Riyadh, Saudi Arabia from 28 November to 1 December 2022. This event, held in Riyadh, will see industry leaders meeting with key government representatives with the goal of driving support for the travel and tourism sector’s ongoing recovery, moving it to a safer,…
Saudi Arabia is the fastest growing tourism destination in the G20
Saudi Arabia’s exponential sector growth has seen an extraordinary +121% increase from pre-pandemic international tourism levels as recognized by the newly published UNWTO Tourism Barometer. The substantial tourism recovery recognizes not only Saudi’s considerable investment in tourism, but also the country’s pioneering leadership in future-proofing its tourism sector. Saudi was swift in its response to the…
Air Arabia Abu Dhabi’s Chennai flights to be unveiled on 27 April
Air Arabia Abu Dhabi, a low-cost carrier based in the UAE capital, has announced the introduction of a new service to Chennai. The carrier will commence operations to Chennai on April 27, 2022. Adel Al Ali, Group CEO, Air Arabia, said the new service between Abu Dhabi and Chennai allows travellers to explore the city’s…
Emirates resumes services to Saudi Arabia and St Petersburg
Emirates has announced that it will be restarting services to Saudi Arabia from 11 September and St Petersburg from 8 October 2021. The resumption of these services build on its growing global footprint, the continued lifting of entry restrictions as well as demand recovery across the airlineâs network. Dubai continues to top the must-see destination…
