Search Site

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

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.