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Aamar closes USD 4 mn seed round + Red Sea Global, Bunat launch AI venture fund
Aamar’s round saw participation from Aqar App, Razm Investment, Al Majdiah Investment, and Blom Invest
Gigaproject spending slows as focus shifts to Riyadh, real estate financing -Meed
Government budget strain spurs growth of private sector financing in mega-projects
Tourise Summit kicks off with bns in hotel launches, expansion plans
ALSO- PIF-owned Al Balad Development will invest SAR 3.6 bn to build and revamp hospitality assets in Historic Jeddah
Red Sea Global secures SAR 6.5 bn financing for Amaala
Amaala is expected to open as soon as this year
Red Sea Global to launch its first luxury project in Italy soon
PLUS: SVC to dedicate half of its investments to private credit and equity
Stc to invest SAR 1.2 bn in Red Sea Global’s digital infrastructure
The investment is among the largest in the Kingdom’s tourism sector
Laheq Island to test luxury market appeal
The project’s southern section is expected to open in 2028
Red Sea Global will take over Sindalah tourist island from Neom
PLUS: PIF ban triggers massive layoffs at PwC?
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