Region’s outbound spend to rocket to $72 billion, or 59% of the world’s total, while inbound spend will reach $36.8 billion, with KSA and UAE dominating, according to ‘Global Economic Impact of Muslim Tourism and Future Growth Projection: 2017-2020’ report
Al Basel Real Estate Brokers, a part of the Al Basel Group of Companies, achieved an AED 175-million sales mark for property developer Deyaar’s The Atria, Mont Rose, and Central Park projects in Dubai. Boasting robust partnerships with renowned property firms in Saudi Arabia and Abu Dhabi, the company owed its latest positive performance recorded from January 2016 up to July 2018 to the robust appetite of local, regional, and global investors for luxury, high-end real estate developments in the emirate.
Seeley International has successfully completed the world’s largest order for evaporative air conditioners, resulting in around 50,000 Australian-made Breezair air conditioners being installed in the tent city of Mina Valley, Saudi Arabia.
A.M. Best has a negative outlook on the insurance markets of the Gulf Cooperation Council (GCC). Insurers in the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) have historically enjoyed significant capital buffers and benefited from extensive reinsurance support; however, continuing headwinds could lead to potential volatility in the operating performance and capitalisation of market participants.
The state-of-the-art Fakeeh University Hospital will provide tertiary and secondary care to the growing community in DSO and its neighboring areas.
Around the world, there are 250 top retailers that generate $4.4 trillion in revenue with a net profit of 3.2 percent. Two of these firms are in the retail market in the UAE, including Lulu Group with a 32 percent share of the market and 131 stores in GCC, Egypt, India, Indonesia, and Malaysia. Also in the retail market in the UAE is Majid Al Futtaim Holding. Both retailers are listed at number 141 and 151 respectively.
Collaboration between membrane suppliers, local water OEMs, and system integrators creates growth opportunities, finds Frost & Sullivan’s Environment & Water team
The membrane bioreactors (MBR) systems market in the Kingdom of Saudi Arabia (KSA), United Arab Emirate (UAE), and Iran is witnessing double-digit growth as wastewater treatment, reuse and recycling initiatives gain momentum. Energy efficiency, an attractive payback period, and prolonged life span are further factors augmenting growth. To harness a wealth of untapped opportunities, membrane suppliers should collaborate with local water original equipment manufacturers (OEMs) and system integrators to access lucrative new-build projects and a ripe replacement market.
Advanced Conferences & Meetings is proud to launch Smart Parking KSA Seminar in its 2nd edition, at the Movenpick City Star, Jeddah. This event focuses on the development of car parks and parking facilities with the latest technologies for better living cities.
Al Jammaz to promote and distribute Ring’s innovative home security products and solutions through its strong partner network across Saudi Arabia
Saudi Arabia is planning a national program to optimise water and energy consumption, and intends to reduce subsidies for fuel, power and water. Major restructuring of the kingdom’s energy and water sectors will take place as part of the Saudi vision 2030.
24-25 October 2017
Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension.