SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

Hotel construction to see boom in Saudi Arabia: TOPHOTEL Projects

Around 80 hotel projects in the Kingdom are scheduled for completion next year.
  • According to the TOPHOTEL Projects, some 80 hotel projects in the kingdom are scheduled for completion next year
  • Saudi Arabia has led the hotel construction market in the Middle East with some 37,654 rooms being built at the end of the second quarter of 2022

Saudi Arabia will see a boom in construction of hotels in 2023, with some 63,753 to be available for guests next year.

According to the TOPHOTEL Projects, some 80 hotel projects in the kingdom are scheduled for completion next year.

Saudi Arabia has led the hotel construction market in the Middle East with some 37,654 rooms being built at the end of the second quarter of 2022, according to data recently released by global hospitality insight provider STR.

In 2023 some 63,753 rooms will be available for guests, up from the 9,207 keys from this year’s projects.