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Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.
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Saudi Arabia Approves First 19 Hotel Projects Under Hospitality Investment Program, Targeting SR6.7 Billion

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FII Institute Confirms Riyadh Investment Conference Postponed to 2027

The Future Investment Initiative Institute has postponed the 10th edition of its flagship Riyadh conference to 2027, its chief executive said on Monday.
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Saudi Private Equity Firm Alt Capital to Buy Significant Minority Stake in Fuel Retailer Mazaya

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Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.

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Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.

Saudi Arabia Approves First 19 Hotel Projects Under Hospitality Investment Program, Targeting SR6.7 Billion

The first 19 projects approved under Saudi Arabia's Hospitality Investment Enablers Program are expected to unlock SR6.7 billion in investment and add more than 3,000 hotel rooms.

FII Institute Confirms Riyadh Investment Conference Postponed to 2027

The Future Investment Initiative Institute has postponed the 10th edition of its flagship Riyadh conference to 2027, its chief executive said on Monday.

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Oman Visa Policy Opens Doors for Filipino Tourists Starting 2026

Oman's Visa Policy has been updated to allow Filipino travelers to enter the country without a visa starting early 2026. This change aims to...

Ukraine and Saudi Arabia Reactivate Joint Business Council, Unlocking $1B Investment Projects

Ukraine and Saudi Arabia have officially revived the Joint Business Council after a decade-long hiatus, signaling renewed strategic cooperation. The move opens pathways for...

Saudi Fund Supports Afghan Farmers with $1 Million Initiative to Boost Food Security

Afghan farmers will benefit from a Saudi-funded $1 million initiative aimed at boosting food security and rural livelihoods. Moreover, it addresses growing challenges, including...

Japan-Saudi Cooperation Strengthens as Tokyo and Riyadh Advance Innovation and Cultural Projects

Japan-Saudi Cooperation advanced further this week as Tokyo Governor Yuriko Koike highlighted a growing partnership shaped by innovation and culture. The relationship now moves...

Riyadh Cables Acquisition Secures Majority Stake in Uzbekistan

Riyadh Cables Group has completed the transfer of a 51% stake in Uzbekistan-based Artikul Aziya Kabel. The Saudi firm made the first installment of...

Parallel Market Reforms Expand Investor Access

The Capital Market Authority introduced reforms that broaden investor access and strengthen liquidity in the Parallel Market. The decision expands eligibility and aims to...

Spending Trends Drive Steady Saudi POS Activity

Saudi Arabia’s point-of-sale activity remained strong during mid-November as spending trends held steady above the $3 billion level. The latest weekly data showed resilient...

Real Estate Stimulus Boosts Saudi Development

Real Estate: Saudi Arabia has launched a new “Real Estate Stimulus” program to boost sector sustainability and attract investment. Furthermore, the initiative aims to...

Saudi Developer Dar Global Tokenizes Trump Maldives Hotel, Redefining Luxury Real Estate Investment

Dar Global tokenization of the Trump-branded hotel in the Maldives is set to redefine real estate investment. The Saudi developer plans to tokenize up...

Malaysia Explores Space and Aviation Cooperation with Saudi Arabia

Malaysia’s King Sultan Ibrahim Sultan Iskander visited Saudi Arabia to explore space and aviation cooperation with the Kingdom. He was accompanied by a delegation...

Saudi-Bahrain Strengthen Tourism Ties at Gateway Gulf 2025 in Manama

MANAMA — Saudi Minister of Tourism Ahmed Al-Khateeb met Bahrain’s Minister of Tourism Fatima Al Sairafi on Sunday at the Gateway Gulf 2025 investment...

Saudi Arabia’s GDP rises 5% as oil recovery drives Vision 2030 growth

The GDP of Saudi Arabia expanded by 5% in the third quarter of 2025, fueled by a rebound in oil production and strong investment...
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