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  • Egyptian billionaire Samih Sawiris to invest in mega tourism project in Saudi Arabia’s Red Sea

    “I will start with the tourism sector, and we plan to implement a project similar to the Egyptian city of El Gouna there, with investments for the first phase of the project amounting to at least US$500 million,” Sawiris said on Sunday.

  • Saudi Arabia’s Hotel Construction Surge Triggers Supply Chain Concerns

    Saudi Arabia has the largest hotel construction activity in the Middle East and Africa region, followed by United Arab Emirates, according to hotel research firm STR. Saudi Arabia topped the regional list with 42,033 hotel rooms in March, followed by United Arab Emirates with 22,324 rooms.

  • With Millions in Need, Saudi Announces Sudan Aid Funding Conference

    Saudi Arabia on Tuesday announced an international conference next week to gather aid pledges for war-ravaged Sudan, where the United Nations says more than half the population urgently needs assistance and protection. Many of them are in Sudan's Darfur region, where attacks against civilians could amount to crimes against humanity, the U.N.'s head of mission said. The pledging conference will be held on June 19, the official Saudi Press Agency said. It cited the Foreign Ministry and added that the kingdom would jointly lead the meeting with Qatar, Egypt, Germany and the European Union, as well as U.N. agencies.

  • Riyadh Air Showcases its Remarkable Livery for the First Time

    A new chapter in air travel is taking the skies with the world class, digitally native airline “Riyadh Air”. The Boeing 787-9 Dreamliner painted aircraft with the modern and striking livery was revealed in Riyadh at King Khaled International Airport on June 12th marking a national celebration of the new carrier. The historical moment and ceremony were attended by highnesses, excellencies and official dignitaries. The aircraft flew on low altitude over several notable landmarks in the Riyadh skyline, including KAFD, Boulevard city and some of the iconic main towers, thrilling residents with a glimpse of their new airline while sharing the pride of seeing the new national carrier in the Kingdom. The aircraft will then make its public debut on June 19th at the 54th Paris Air Show as part of Riyadh Air’s first appearance to global audiences.

  • Saudi Arabia farms in the desert for a more sustainable economy

    Amid rising temperatures threatening living conditions and food security in the Gulf and the broader Middle East, collaborative projects aiming to beat the heat with a focus on enhancing the production of drought-resilient crops have taken root in Saudi Arabia. Environmentally friendly investment and green initiatives in the region, such as a project between the International Crops Research Institute for the Semi-Arid Tropics, or ICRISAT, and the Food and Agriculture Organization, or FAO, announced at the end of last month, will help create a more sustainable economy, experts said. The desert topography and ample coastlines of Gulf Cooperation Council countries also offer opportunities to embrace new energy technologies away from fossil fuels, they said.

  • Saudi Arabia’s Flynas in Talks With Airbus About Placing Order

    Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, according to people familiar with the matter, as airlines in the country bulk up operations to better compete with regional rivals. The carrier may announce an accord with the European planemaker as soon as the Paris Air Show starting early next week, said the people, asking not to be identified as discussions are confidential. The carrier said previously that it was considering establishing local units in two additional countries as part of a plan to become the Middle East’s largest discount carrier.

  • Saudi Arabia could replicate Dubai as a ‘playground for everyone’, says Riyadh Air boss

    He added: “Where I live, come and visit me; the door of my villa is open. You’ll walk in and think why is the door not locked? If you get in my car – which is not insignificant in value – in the drive, the doors open and the keys are in it.” “Going forward. This will probably be one of the biggest go-to places.”

  • IMF expects Saudi non-oil economy growth to remain solid in 2023

    The International Monetary Fund (IMF) projected that the non-oil growth momentum in Saudi Arabia will remain strong in 2023, according to the financial agency’s report. The OPEC+ production cuts would lower overall real growth to 2.1% in 2023. Meanwhile, the non-oil growth is expected to average 5% and remain above potential.

  • Path to Peace, Recovery Remains Fragile in Yemen

    Almost nine years into a protracted civil war, life in Yemen remains brutally challenging for millions in the country. Gallup’s first measure after two years of being unable to safely survey Yemen reveals that a record-high seven in 10 Yemenis (71%) struggled to afford food in late 2022 and early 2023.

  • After Saudi visit, Blinken raises Palestinian state with Israel PM

    US Secretary of State Antony Blinken on Thursday urged Israeli Prime Minister Benjamin Netanyahu not to undermine prospects for a Palestinian state, after talks in Saudi Arabia which linked normalization to peace efforts. Blinken spoke by telephone with Netanyahu to discuss “deepening Israel’s integration into the Middle East through normalization with countries in the region,” State Department spokesman Matthew Miller said.