INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Saudi Tourism hires Radisson Blu to run a four-star resort

The group has made a strong impact across the Middle East, in Saudi Arabia, the UAE, Oman, Kuwait and Jordan.
  • The property will be developed by the Saudi Tourism Development Fund and the Abdul Latif Al Abdul Latif Hotel Group
  • The project's annual gross domestic product is expected to be as much as SR42 million ($11.2 million)

Radisson Blu has been hired to manage and operate a new four-star resort with retail stores in Al-Ahsa governorate.

The property will be developed by the Saudi Tourism Development Fund and the Abdul Latif Al Abdul Latif Hotel Group.

The hotel comes as part of a tourism project in Saudi Eastern Province’s largest governorate, according to the media reports.

The project’s annual gross domestic product is expected to be as much as SR42 million ($11.2 million) the TDF announced on Twitter.

The hotel will provide more than 180 hotel rooms and nearly 400 job opportunities, it said.