Saudi Arabia wants to be king of leisure, but will it be able to create a market worthy of this crown?
Source: New feed

Mamdouh Saud Al Sharhan now heads up the Saudi real estate giant following the resignation of Abdullah bin Ibrahim Saad Al Ayadhi, who held the role for three years
Source: New feed

King Salman bin Abdulaziz Al Saud has opted for a staycation at the $500bn NEOM megaproject in the country’s northwest region along the Red Sea
Source: New feed

Under the franchise agreement, effective Tuesday, the three hotels at the Al Habtoor Group hotel development will be rebranded to align with Hilton’s various collections
Source: New feed

High-end property developer Dar Al Arkan’s quarterly net profit rose by 892% on the back of increased real estate sales
Source: New feed

Abu Dhabi City Municipality is testing how drones can help to improve the quality and efficiency of construction monitoring and inspection
Source: New feed

The 6,000sqm fire at Al-Naeem Junkyard was put out by seven teams that faced challenges such as site violations, high winds, and tight spaces
Source: New feed

All of the UAE-based firm’s business lines reported revenue increases in H1 2018, helped in part by the group’s ongoing diversification and expansion efforts
Source: New feed

The amount is part of the kingdom’s Local Lending Program, and will support health, education, and hospitality projects that have an investment value of $413m
Source: New feed

The US professional services consultancy expects the $400m deal, financed by an underwritten loan from the Canadian Imperial Bank of Commerce, to close in Q4 2018
Source: New feed