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Office rents and occupancy climb in 1Q 2025 -Knight Frank
Riyadh office rents hit record highs as PIF snaps up space
Tourism sector inches closer to 1 mn workers in 1Q 2025
Hospitality facilities jumped 78% y-o-y to 5k by the end of 1Q 2025
Al Othaim Markets, Ebdaa Al Qasr hit a wall in acquisition talks
ALSO- Hawyia Auctions sold SAR 919.5 mn in residential plots
International tourists spend a record SAR 169 bn in 2024
Inbound tourists hit a record 29.7 mn
White roads, firefighting drones and more prepare Saudi for some 2 mn pilgrims
Hajj generates USD 12 bn annually, fueling 20% of Saudi’s non-oil GDP
Hotel101 to invest USD 2.5 bn to expand into the Kingdom
Up to 10k hotel rooms are expected to be developed under a JV with Horizon Group
Scope Properties to invest USD 190 mn in two hotels on Egypt’s Mokattam Corniche
Scope Properties + El Nasr Housing are collaborating for the corniche's transformation
Banan subsidiary to build out two gyms in Riyadh
PLUS: A new Sheraton is coming to Khobar
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