SAUDI ARABIA > Intercity Hotel Riyadh Malaz is set to open before the end of the year in Saudi Arabia

Intercityhotel logo IntercityHotel Riyadh Malaz is the company’s first hotel in the Kingdom of Saudi Arabia and is set to open before the end of the year. East Consulting Engineering Center, one of the country’s leading consultancy firms, is the contractual partner for IntercityHotel. With a total of 86 rooms that includes four suites, IntercityHotel is located in the Al Malaz district More …

SAUDI ARABIA > US based Nabors Industries and Saudi Aramco have created a new 50/50 joint venture company called Saudi Aramco Nabors Drilling Company or SANAD

SANAD logo US based Nabors Industries announced the previously agreed 50/50 joint venture between Saudi Aramco and Nabors called SANAD has begun commencement of operations. In an effort to introduce world class industry hubs locally, Saudi Arabia has created anchor projects like SANAD to foster economic growth and job creation. Both Nabors and Saudi Aramco have made equal contributions of cash and/ More …

SAUDI ARABIA > British Billionaire Richard Branson to invest in tourism project in Saudi Arabia Red sea

saudi red sea Founder of Virgin group, Richard Branson becomes the first international investor to commit to Saudi Arabia’s Red Sea project that will transform a 200 kilometer stretch of Red Sea Coastline into a luxury destination. The stretch will feature hotels, residences and transport hubs. The initial investment for the project will be from Saudi Arabia’s sovereign wealth fund, The Public Investment More …