This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

IHG to open Hotel Indigo in Oxagon

  • The 250-key Hotel Indigo property will be situated in the Oxagon’s first residential community and will open its doors in 2026.
  • IHG currently operates 37 hotels across five brands in Saudi Arabia, including InterContinental, Crowne Plaza and Holiday Inn.

Dubai, UAE — IHG Hotels and Resorts will open a new Hotel Indigo in Oxagon, a coastal industrial city in Saudi Arabia’s futuristic NEOM, under a franchise agreement, IHG said Friday.

The 250-key Hotel Indigo property will be situated in the Oxagon’s first residential community and will open its doors in 2026.

Designed to integrate work, live, and play, Oxagon’s neighborhoods will be fully walkable, with sustainable on-demand mass transit and micro mobility solutions, IHG said in a statement.

“Just as no two neighborhoods are alike, no two Hotel Indigo properties are the same, taking inspiration from the area around each hotel to inform all aspects of the guest experience, from the hotel’s boutique design approach to locally inspired restaurants,” the statement said.

“Similarly, the Hotel Indigo property in Oxagon will be designed as a lifestyle destination offering exciting retail and dining concepts including cafés, a pool lounge, and a specialty restaurant,” it added.

Haitham Mattar, MD, India, Middle East and Africa, IHG, said, “This extraordinary establishment is set to welcome guests in 2026. In addition, our lifestyle brand, Hotel Indigo, has seen great success in the Kingdom with several signing in the past months.”

IHG currently operates 37 hotels across five brands in Saudi Arabia, including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites, and Voco, with 31 hotels in the development pipeline set to open within the next three to five years.