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Tourism, investment ministries greenlight SAR 6.7 bn in hotels across five tourism destinations
Plus: China’s Fangda Group lands SAR 1.15 bn contract for Qiddiya stadium
Indonesia’s sovereign fund commits SAR 6 bn to Makkah hotels and retail
It’s the first sovereign-scale test of Saudi’s new foreign-ownership opening in the holy cities
Domestic demand props up Saudi tourism headcount as war dents high-spending foreign arrivals
The number of tourists may have grown in 1Q 2026, but spending is down even as domestic travel cushions the…
Spark to get a plug-and-play factory, Asmo eyes build out, doors open at Amaala
The plug-and-play model is an answer to localization mandates tightening around major Saudi tenders
Taiba locks in SAR 2.4 bn Madinah hotels JV with Osool
The duo will collaborate to develop and operate three hotels in Madinah
Saudi travel market anchors uneven regional rebound
The airlines learned valuable lessons from Covid
A Saudi-US venture is building a 50-hotel network in Saudi Arabia
Ayara will add 5k-7k rooms to our hotel room capacity by 2029
Marriott to develop five new hotels + Governata raises USD 4 mn in seed round
The Marriott projects will add more than 2.7k rooms to the market
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