40% of new Riyadh hotel supply in 2017 set to be delayed
About 40 percent of new hotel supply expected in Riyadh during 2017 will be delayed, but pressure will remain on room rates, according to...
Exclusive: Saudi state finalized ownership transfer of $10 billion financial district
RIYADH (Reuters) - The Saudi government has finalized terms to transfer ownership of the kingdom’s glitzy $10 billion financial district in Riyadh to the...
Four consortia prequalify for Riyadh metro contract
Four international consortia have prequalified for a contract to build a metro network in Riyadh, the High Commission for the Development of Arriyadh announced on August 1. Bids were submitted by a total of 38 consortia.
First Hyatt Regency Hotel Opens in the Heart of Riyadh
Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Riyadh Olaya, the first Hyatt Regency hotel to open in Riyadh, the capital of...
SR72bn Saudi private sector stimulation plan approved
Custodian of the Two Holy Mosques King Salman issued a royal decree approving the private sector stimulation plan and allocating SR72 billion for the...
Saudi Arabia to open a record 68 hotels in 2017
Saudi Arabia will see a record 68 new hotels and 29,033 hotel rooms open across its major cities in 2017, according to a new...
Riyadh Metro project 82% complete
Riyadh Metro project is 82 percent complete, Riyadh Development Authority (RDA) said on its official Twitter account.
“Construction works reached an advanced stage as scheduled,”...
Finnish firm wins deal to give lift to Riyadh Metro project
Finnish stock exchange-listed Kone Corporation has won an order to supply 418 elevators and escalators for line 3 of the multi-billion dollar Riyadh Metro...
Saudi Arabia’s Unpaid Tab With Metro Builders Runs Into Billions
Payment dispute has escalated into diplomatic note, people say
Saudi Arabia monitoring oil markets closely, prepared for additional measures
RIYADH: The Saudi Cabinet said it is continuing to closely monitor the oil market conditions and is prepared to take any additional measures in partnership...
