The Ministry of Tourism and the Ministry of Investment have announced the first batch of projects approved under the Hospitality Investment Enablers (HIE) Program at a joint event held in Riyadh.
From the publisher's summary
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Saudi Arabia has approved 19 projects across five tourism destinations under its Hospitality Investment Enablers Program, which is expected to attract SR6.7 billion ($1.78 billion) in investment and create more than 17,000 jobs.
Qatari Diar has launched an investment zone at its mega-tourism development project in Egypt as the Gulf developer aims to attract more foreign capital.
Significant
Diriyah Company has awarded two construction contracts to build six luxury hotels and 34 branded residences in Diriyah Square, accelerating work on the giga-project.
