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Business

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

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts 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.
By TRENDS Desk
February 12, 2022 7:51 pm
  • 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.

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INSEAD Day 4- 300x600