Category Archives: Economic News

Raza launches property platform; set to become the largest community landlord in Saudi Arabia  Property management arm of Saudi Public Pension Agency aims to double the AUM to SAR26billion by 2024  Expands business offerings to establish an international-standard real estate management platform in the Kingdom

Raza, the real estate management arm of Saudi Public Pension Agency (PPA) and a subsidiary of Al Ra’idah Investment Company (RIC), announced today the launch of operations in Saudi Arabia, the biggest real estate market in the GCC. Previously known … Continue reading

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Hilton Maintains Position as Saudi Arabia’s Best Place to Work for the third year running

Hilton (NYSE: HLT) has maintained its position as the number one Great Place to Work in Saudi Arabia for the third year in a row. The news follows the announcement earlier this month that Hilton was recognised as the #3 … Continue reading

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Riyadh witnessed the exceptional launch of a new restaurant, “HARAT” as a part of a new series of restaurants A restaurant that takes visitors to the past with the taste of its meals and details of its style

Saudi Arabia has been witnessing an increasing interest within its Tourism sector which has become the center of attention ever since King Mohammad bin Salman bin Abdulaziz Al-Saud revealed the Kingdom’s 2030 vision and its plans that has granted opportunity … Continue reading

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The Riyadh Governor patronized the Opening Ceremony of the Business Gate of Fairmont Hotel Riyadh

His Royal Highness Prince Faisal bin Bandar bin Abdulaziz Al Saud, the Governor of Riyadh, has patronized the Opening Ceremony of Fairmont Hotel Riyadh located in the Business Gate Center on Sunday, the 14th of April 2019, corresponding to the … Continue reading

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MARRIOTT INTERNATIONAL AND DUR HOSPITALITY OPEN RIYADH MARRIOTT HOTEL DIPLOMTIC QUARTER AND MARRIOTT EXEXUTIVE APARTMENTS RIYADH, DIPLOMATIC QUARTER The Newly Built Hotels Provide an Abundant Oasis for Leisure and Business travelers in the Heart of the Buzzing City of Riyadh

Marriott International and Dur Hospitality today announced the opening of Riyadh Marriott Hotel Diplomatic Quarter and Marriott Executive Apartments Riyadh, Diplomatic Quarter. The complex is strategically located in the heart of one of the most sought-after areas in the city … Continue reading

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Shawarmer Launches New “Save It!” Social Responsibility Campaign to Raise National Awareness for Tackling the Growing Food Waste Issue • Year-Long Initiative to Promote Finding Actionable Solutions to Saudi Food Waste Issue • University Students to Compete to Run Shawarmer-Funded National Education Campaign

The Shawarmer restaurant chain is marking its 20th anniversary by launching the “Shawarmer for Social Responsibility Save It!” campaign, the most ambitious and comprehensive social impact program in company history designed to help tackle the growing food waste issue in … Continue reading

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ETIHAD AVIATION GROUP SIGNS CONTRACTS WITH SKY PRIME AT THE SAUDI AIRSHOW Etihad Airways Engineering adds Sky Prime to its growing VIP Aircraft Maintenance portfolio Etihad Aviation Training signs agreement with Sky Prime to offer pilot and cabin crew training

Etihad Aviation Group’s Engineering and Aviation Training divisions have both signed contracts to collaborate with Sky Prime, the largest private aviation operator in the Middle East, based in Riyadh, Kingdom of Saudi Arabia. The agreements were announced at the Saudi … Continue reading

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Montblanc celebrates spirit of urban exploration at opening of new Riyadh Park boutique Luxury Maison and Paris Gallery open Riyadh Park boutique

Montblanc celebrated the official opening of its boutique in Riyadh Park this week, with an evening dedicated to the spirit of urban exploration, together with its longstanding partner Paris Gallery. The boutique adds a new dimension to Riyadh Park’s retail … Continue reading

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McLaren Automotive and Nahwasharq open new Riyadh showroom  McLaren Riyadh, represented by Nahwasharq Co. Ltd, inaugurates new facility at Imall  Latest location to offer full range of vehicles and servicing for the British supercar brand  Opening ceremony featured the unveiling of the McLaren Senna

Following new openings in Dubai, Beirut and Bahrain, McLaren Automotive, the British creator of luxury, high-performance sportscars and supercars, continues to expand its presence in the Middle East as part of its Track25 business plan, with the inauguration of a … Continue reading

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Sultan Rayhaan Turkish Night opens at Flavours Restaurant – Rosh Rayhaan by Rotana Hotel

We are proud to announce the opening ceremony of the Turkish Night “Sultan Rayhaan” at ‘Flavours’ restaurant at Rosh Rayhaan by Rotana Hotel. ‘Flavours’ is considered one of the finest restaurants in Riyadh offering international cuisine and is the perfect … Continue reading

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