Hospitality News Middle East’s Post

Saudi's Ajlan intends to invest $1.5B in Ras Jamila in Egypt Saudi’s Ajlan & Bros Holding Group plans to provide initial investments worth $1.5 billion to establish tourism projects in Egypt’s Ras Jamila region overlooking the Red Sea coast, according to sources cited by Asharq Bloomberg The Saudi group submitted an official proposal to the Cabinet. The proposal outlines the development of approximately 10 hotels, with ratings varying from 4 to 5 stars, in the region of Sharm El-Sheikh, to create up to 3,000 hotel rooms The deal’s initial investment will focus on the hotel infrastructure and will not include the valuation of the land, according to sources Read more on our website! #Egypt #business #Economy | #مصر #رأس_جميلة

Real-estate and Tourism are two industries that gonna boost the economy of Saudi Arabia in the mere future. Combining this two industries to build projects at certain locations can bring glory to you.

The Public Investment Fund (PIF) has made a significant stride in elevating #SaudiArabia's #tourism and #hospitality sector with the #establishment of #ADEERA, a specialized company dedicated to #hotel #management and #operations. This strategic move aims to elevate the nation's hospitality offerings to international standards while preserving the authenticity of #Saudi #culture and #heritage. ▪️ #ADEERA will spearhead the development of unique Saudi hotel #brands catering to a diverse range of visitors, from budget-conscious #travelers to #luxury seekers. The company is committed to nurturing local talent through comprehensive training programs in collaboration with global hospitality experts. By highlighting the Kingdom's #rich #cultural #heritage and warm hospitality, #ADEERA seeks to position #SaudiArabia as a premier destination on the global #tourism #map. ▪️This initiative aligns seamlessly with #PIF's broader #vision for the #tourism sector, which includes investments in the Boutique Group and ASFAR The launch of #ADEERA underscores the government's commitment to stimulating private sector #growth and achieving ambitious targets of 150 million annual visits and a 10% #GDP contribution from the #tourism sector by 2030.

Exciting news from Saudi Arabia as the kingdom ramps up its investment in the hospitality sector! With a whopping $11.2 billion earmarked for private investment by 2030, the Hospitality Investment Enablers (HIE) program promises significant growth opportunities. Key highlights include: 1️⃣ Job creation & GDP boost: The HIE initiative is projected to generate 120,000 new jobs and contribute $4 billion to Saudi Arabia's GDP, underscoring its transformative impact on the economy. 2️⃣ Tourism expansion: With plans to enhance hotel room capacity to over 500,000 by 2030, Saudi Arabia aims to attract 150 million tourists annually, positioning itself as a global tourism hotspot. 3️⃣ Investor incentives: Investors can expect favorable terms, streamlined development processes, and regulatory adjustments to minimize operational expenses, making Saudi Arabia an appealing investment destination. As the kingdom strides towards Vision 2030 goals, there's no better time for international investors to explore opportunities in Saudi Arabia's thriving tourism sector. #SaudiArabia #tourism #hospitality #saudivision2030

It is inspiring to see how Saudi Arabia's #culturalrenaissance is establishing benchmarks in global arts, culture, and tourism, integrating cultural tourism with #realestatedevelopment. As a fundamental pillar of Vision 2030, this approach transforms the Kingdom’s #urbanlandscape, promoting vibrant communities and sustainable growth. Cultural tourism is a key driver of #realestatevalue and #economicprosperity. Projects that exemplify this integration embed cultural assets into real estate developments. This strategy enhances the appeal of these developments, strengthens #socialcohesion, and creates #dynamichubs for residents and tourists. It is also clear that the #economic impact is profound, with cultural investments projected to generate $20 billion in revenue and create over 100,000 jobs by 2030. These initiatives stimulate related sectors such as hospitality, retail, and food services, further driving real estate demand and value. Sustainability is also at the heart of these projects, as demonstrated by eco-friendly designs, local materials, and energy-efficient technologies. Saudi Arabia’s integration of cultural tourism into real estate highlights our commitment to preserving #culturalheritage while promoting modern #urbandevelopment. I believe this is a vision to create enduring experiences that enrich lives and establish the Kingdom as a #cultural and #economic #leader on the global stage. #realestateinvesting #realestatedevelopment #propertymanagement #sustainabledevelopment #marketanalysis #investmentstrategies #financialmodeling #riskassessment #commercialrealestate #urbanplanning

Boosting SME investment in tourism sector MUSCAT: The Small and Medium Enterprises Development Authority (SMEDA) recently hosted a dialogue session titled “Enhancing SME Investment in the Tourism Sector”, focusing on strengthening the participation of small and medium enterprises (SMEs) in Oman’s growing tourism industry. This marks the fourth in a series of discussions aimed at refining the business environment, implementing supportive policies and motivating entrepreneurs to bring innovative ideas to the tourism market. Read more: https://lnkd.in/dSY57ipW Authority for SME Development Ministry of Heritage and Tourism - Sultanate of Oman Ministry of Commerce, Industry & Investment promotion Ministry Of Economy Oman Oman Vision 2040 رؤية عُمان #SME #Tourism #Industry #Riyada #Economy #Oman #OmanBiz

Saudi Arabia is moving towards achieving a new record in foreign tourist spending, as its value during the first half of the current year exceeded 90 billion riyals, according to a statement by Minister of Tourism Ahmed Al-Khatib, while foreign tourist spending in the entire year 2023 reached 141 billion riyals, which is a record number. Compared to previous years. If the numbers in Saudi Arabia continue in the same vein, the Kingdom will achieve a new record during the current year. In this article, we discuss Saudi Arabia’s efforts to develop the tourism sector, with financial and economic expert Ali Alhazmi, PhD, GRC . https://shorturl.at/aG8Kh #economy #ksa #tourism

The Ministry of Investment of #SaudiArabia (#MISA) recently published a report titled "#Invest in #Coastal #Tourism in #SaudiArabia". This report highlights the nation's commitment to developing its coastal tourism sector by encouraging #investment and #outlining recent regulatory, legislative, and #business #advancements within the industry. It emphasizes the Kingdom's dedication to protecting the environment while promoting sustainable development goals. The report serves as a guide for potential investors, showcasing the abundant opportunities available in this burgeoning sector. ▪️ Saudi Arabia is actively pursuing a strategy to #diversify its #economy and #reduce its #reliance on #oil. Tourism, particularly coastal tourism, plays a key role in this #vision. The #RedSea #mega #projects, with their focus on #luxury and #sustainability, are prime examples of the Kingdom's ambition. These projects aim to #create significant #economic #growth, generate #employment #opportunities, and strengthen Saudi Arabia's position as a #leading #tourism #destination. ▪️By highlighting the regulatory developments and investment opportunities, #MISA's #report aims to attract both domestic and international investors. The focus on sustainable practices and environmental protection further enhances the appeal of these investment prospects. The "Invest in Coastal Tourism in Saudi Arabia" report is a clear signal of Saudi Arabia's commitment to transforming its coastal regions into thriving tourism hubs while preserving their #natural #beauty, #cultural #heritage and #hospitality. ⬇️ https://lnkd.in/dneed8Zn

The International Monetary Fund (IMF) has recognized Saudi Arabia's tourism sector as a key driver of economic diversification, exceeding Vision 2030 targets ahead of schedule. In 2023, tourism revenues hit $36 billion, with net income up by 38%. The sector's GDP contribution reached 11.5%, set to rise to 16% by 2034. Growth stems from domestic demand and rising international arrivals, with non-religious tourism booming. The IMF emphasizes how tourism has shifted the service balance to a surplus, boosting revenue from international visitors. https://lnkd.in/d_8pwUYw

🎨 Saudi Arabia is investing $3 billion in cultural and heritage projects to boost tourism and cultural exchange. These investments are designed to enhance Saudi Arabia’s cultural landscape and provide opportunities for investors in the tourism sector. Learn how these projects can impact your investment strategy. Repost to 📤 share with your network And 👣 follow SharkBx for more of similar insights. #CulturalProjects #KSA #Tourism