Month: January 2024

Strong Representation From The Kingdom Expected At Arabian Travel Market 2024 As Saudi Arabia Increases Its 2030 Visitor Target To 150 Million

Saudi Arabia is on course to welcome an estimated 30 million overnight tourists this year, according to research conducted by Oxford Economics on behalf of ICAEW. Delegates from around the world are preparing to capitalise on this momentum and explore opportunities within the Kingdom’s thriving tourism sector at Arabian Travel Market (ATM) 2024, which will

Marriott International And NEOM To Bring Apartments By Marriott Bonvoy To Sindalah

Marriott International has signed an agreement with NEOM to bring Apartments by Marriott Bonvoy to Sindalah, the luxury island destination in the Red Sea off Saudi Arabia’s northwest coast. Apartments by Marriott Bonvoy will offer premium and luxury apartment-style accommodations to meet the increased demand from families and younger travelers, who now seek more space and homely

NEOM Announces Aquellum, A Futuristic Lifestyle Community Within A Mountain Haven

The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within the mountains, and the latest striking addition to the ongoing regional development in northwest Saudi Arabia. With its foundations steeped in cutting-edge technology, avant-garde architecture and forward-thinking concepts, Aquellum will offer guests a taste of futuristic living through its

Gulf Capital Closes Strategic Sale of AmCan, the largest MENA Sports Nutrition Distributor, to a Leading Regional Distribution Firm in a Highly Profitable Exit for its Third Buyout Fund

Gulf Capital (“GC”), one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has successfully completed the sale of 100% of AmCan, the exclusive distributor of many of the top global sports nutrition brands across the MENA region, to a leading regional FMCG distributor operating

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