NEOM’s Sindalah welcomes MB92 for yacht repair facility
Saudi Arabia’s $500 billion futuristic city, NEOM and the leading superyacht maintenance company, MB92 Group, have harnessed a partnership to establish a 10,000 square-meter repair facility for yachts at NEOM’s luxury island and yachting destination on the Saudi water of the Red Sea, Sindalah. The partnership aligns with the imminent opening of Sindalah during 2024 […]
Lucid opens Saudi Arabia’s first car production facility
Electric carmaker Lucid Group has inaugurated the first-ever car production facility in Saudi Arabia’s port city of Jeddah. The facility, which is the automaker’s second Advanced Manufacturing Plant (AMP-2) and first international plant, will produce electric vehicles (EV) for Saudi Arabia and export to other markets. The AMP-2 facility, located in King Abdullah Economic City (KAEC), will […]
InterContinental unveils first Riyadh resort
IHG Hotels and Resorts has unveiled an InterContinental Durrat Al Riyadh Resort and Spa in Saudi Arabia, InterContinental’s first resort in the kingdom’s capital. Positioned as the brand’s debut “urban luxury resort and spa” in Riyadh, the property recently underwent a SAR45 million refurbishment. Interior design studio Kristina Zanic Consultants were appointed for the refurbishment of the property […]
Saudia resumes services to Canada in December: Restarts Jeddah-Toronto route
After a hiatus since September 2018, Saudia is set to re-establish its presence in Canada starting from December 2023. The airline will revive its Jeddah – Toronto and Riyadh – Toronto routes, marking an important milestone in its service offerings. Initial frequency and aircraft Saudia, a member of the SkyTeam alliance, is gearing up to […]
Saudi Arabia forecasts slower growth, budget deficit for 2023
Saudi Arabia has lowered its growth forecast and expects to post a budget deficit this year rather than an earlier projected surplus, a preliminary budget statement showed on Saturday. The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year, the document released by the ministry of finance showed, […]