Tourism Development Fund, Dana Bay Tourism Co. ink real estate deal worth $172m

The agreement was inked by TDF CEO Qusai Abdullah Al-Fakhri and Dana Bay Tourism CEO Dr. Bassam Mohammed Boodi. (SPA)
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Updated 27 October 2022
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Tourism Development Fund, Dana Bay Tourism Co. ink real estate deal worth $172m

  • Partnership to help meet growing demand for luxury resorts in the Eastern Province

RIYADH: The Tourism Development Fund has signed an agreement with Dana Bay Tourism Co. to finance a closed real estate fund worth SR 644 million ($172 million). 

The project entails the development of a mixed-use beach resort project in the Eastern Province that will include luxurious villas managed by IHG, which is represented by the InterContinental brand. 

It will include a number of amenities such as the Dana Beach Walk, which offers retail stores, restaurants and entertainment venues. In addition, a Discovery Island will be constructed to include a museum, art galleries and artisanal workshops. 

The agreement was announced during the sixth edition of the Future Investment Initiative, which kicked off in Riyadh on Tuesday and will run until Thursday. 

The agreement was inked by TDF CEO Qusai Abdullah Al-Fakhri and Dana Bay Tourism CEO Dr. Bassam Mohammed Boodi.

“The Tourism Development Fund is the main investment enabler, serving the objectives of the National Tourism Strategy. Today we signed this agreement with our partners, Dana Bay Tourism Co., through which we translate the fund’s efforts to activate tourism destinations in the Kingdom by strengthening support programs and diversifying financing solutions. This will contribute to the growth of quality investments in the tourism sector,” Al-Fakhri said

“This agreement is an extension of previous agreements signed by the TDF with many major establishments to support tourism development in the targeted destinations and to establish new concepts of tourism based on the highest international standards in building luxury resorts with the aim of attracting tourists and enriching their experiences in the Kingdom’s tourist destinations,” he added.

Chairman of the Board of Directors of Dana Bay Tourism Abdul Mohsen Al-Rashed said the company is focused on bolstering tourism in the Eastern Province through real estate projects that blend modern and traditional styles.

The Dana Bay project area is 2.8 million square meters, including attractions such as a water park and a beach resort that will stretch along 14 km of pristine beach, enhancing the region’s urban growth in line with Vision 2030. 

The partnership with the TDF will also help meet the growing demand for luxury resorts in the Eastern Province.

“We are delighted to partner with Dana Bay Tourism Co. on this project. The concept and quality of the master plan makes this an exciting new destination, for the Eastern Province and the Kingdom,” IHG Managing Director for India, the Middle East and Africa Haitham Mattar said.

Mattar continued: “In line with consumer trends, we expect emerging destinations like Alkhobar to become more popular with travelers who are seeking new and unique experiences. IHG has pioneered luxury travel in new destinations for decades and will now bring the allure of travel to Alkhobar as well.

“We are also honored to expand our hotels further in Saudi Arabia to align with the country’s Tourism Development Strategy and Saudi Vision 2030.”


Kuwait’s crown prince meets foreign ministers from Saudi Arabia and other GCC nations

Updated 27 December 2024
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Kuwait’s crown prince meets foreign ministers from Saudi Arabia and other GCC nations

  • Meeting takes place on sidelines of 46th extraordinary meeting of GCC’s Ministerial Council, during which ministers discuss developments in Syria, Lebanon and Gaza

RIYADH: The crown prince of Kuwait, Sheikh Sabah Khaled Al-Hamad Al-Sabah, met the Saudi minister of foreign affairs, Prince Faisal bin Farhan, and the foreign ministers of other Gulf Cooperation Council member states at Bayan Palace in Kuwait City on Thursday

The meeting took place on the sidelines of the 46th extraordinary meeting of the GCC’s Ministerial Council, during which ministers and other officials discussed the latest developments in Syria, Lebanon and Gaza.

They stressed the need to uphold Syria’s sovereignty and territorial integrity in the aftermath of the fall of President Bashar Assad’s regime this month, and condemned Israeli authorities for their attacks against Syria and Lebanon.

They also affirmed the GCC’s support for the Palestinian people and called for a permanent ceasefire in Gaza.


Makkah’s cultural gem offers journey through history and faith 

Updated 27 December 2024
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Makkah’s cultural gem offers journey through history and faith 

  • Hira Cultural District has books, gifts and special cuisine
  • ‘Revelation Exhibition’ focuses on messages to prophets 

MAKKAH: As winter arrives, the Hira Cultural District in Makkah, a landmark destination combining history, knowledge and services for tourists, has emerged as a hub for residents and visitors seeking cultural and recreational experiences. 

At the heart of the district lies the “Revelation Exhibition,” which vividly narrates the story of divine messages to the prophets. It features a section focused on the life of Prophet Muhammad and the significance of Hira Mountain. 

Using cutting-edge audiovisual technology, the exhibition is an immersive and enriching journey through Islamic history, the Saudi Press Agency reported. 

The district’s cultural library offers a treasure trove of information on the history of Makkah and Madinah, the life of the prophet, and the legacy of Hira Mountain and its surrounding areas.

This knowledge can be explored through books, scientific references, and interactive displays. 

Beyond its historical and educational appeal, the cultural district constitutes a vibrant destination for leisure and commerce.

Restaurants and cafes serve a mix of local dishes inspired by Makkah’s heritage alongside international cuisine, while shops offer unique gifts and souvenirs reflecting the district's identity. 

The Saudi Coffee Museum adds a distinctive flavor to the experience. Here guests can savor traditional Saudi coffee while learning about its regional variations and preparation methods. 

For those seeking adventure, the district provides access to the Cave of Hira via a specially paved pathway, allowing visitors to connect with the site’s spiritual and historical significance. 

A visitors’ center provides comprehensive information on the district’s features, services and cultural offerings.


Saudi attorney general holds talks with Turkish counterpart in Makkah

Updated 27 December 2024
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Saudi attorney general holds talks with Turkish counterpart in Makkah

MAKKAH: Saudi Arabia’s attorney general, Sheikh Saud bin Abdullah Al-Mujib, praised the strong relationship between the Kingdom and Turkiye as he welcomed a delegation led by his Turkish counterpart, Muhsin Senturk, to Makkah on Thursday.

The officials discussed legal collaborations between their nations and affirmed their desire to enhance judicial cooperation to serve common interests, the Saudi Press Agency reported.


Indulge in the magical wizarding World of Harry Potter at Riyadh Season

Updated 27 December 2024
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Indulge in the magical wizarding World of Harry Potter at Riyadh Season

  • The pop-up experience offers fans of all ages an immersive opportunity to step into the magical universe of witches, wizards and muggles

RIYADH: Harry Potter: A Riyadh Season Adventure is one of the many enthralling and enchanting experiences on offer at Riyadh Season this year.

The pop-up experience, brought to life by Warner Bros., offers fans of all ages an immersive opportunity to step into the magical universe of witches, wizards and muggles.

Set in the vibrant Boulevard City, the area is designed to showcase some of the most iconic locations from the beloved film series, such as Hogwarts and others.

Interactive technology plays a significant role in the experience. Guests can take part in a Great Hall Sorting Experience, where they find out which Hogwarts house they belong to, and engage in Quidditch activities, as well as practice their Quaffle skills on the pitch.

There is also a zone where visitors can try wands and cast magical words they learned from the film series, like “Expecto Patronum.”

For those looking to take a piece of the magic home, the Wizarding World Shops offer exclusive merchandise, ranging from wands to house scarves, and the Three Broomsticks Food Hall offers refreshing drinks, cupcakes and other desserts.

Costumes are a big part of the fun experience, and there is a dedicated area for shopping, ensuring that everyone can find the perfect outfit to enhance their visit.

Maram Al-Ruwaili, a passionate fan dressed as a Slytherin, shared her excitement: “I’ve been a Potterhead since 2003. Now at 31, I still consider myself a big fan. I’ve tried one Harry Potter experience before, but not in Saudi Arabia.

“This time, sitting in the Great Hall, surrounded by sound effects from the films, made it feel like we were true Hogwarts students. The atmosphere, especially with the Dementors and Christmas sounds, was magical.”

The event has attracted a diverse crowd, including international visitors.

Nanditha Krishnakumar, an enthusiastic attendee from India, expressed her love for the experience: “I’ve adored Harry Potter since childhood, and this is truly amazing. It feels so lifelike and brings my dreams to life. I love Slytherin; it might seem like an evil house, but it’s one of my favorites. I can’t wait to see what else is in store.”

Aisleen de Asis, a nurse who has lived in Saudi Arabia for almost a decade, shared her perspective: “Harry Potter is a significant part of my childhood. I heard about this experience from friends and colleagues who enjoyed it, and I had to check it out myself. Being here brings back so many nostalgic memories.”

The Harry Potter experience at Riyadh Season also celebrates community and shared passion.

Fans from various backgrounds are coming together to relive the magic of their childhood, creating connections through their love for the series.

The excitement is palpable, as visitors share their stories, dress up as their favorite characters, and take part in the interactive activities that bring the magic of the books and films to life.

Whether you are a longtime fan or new to the series, the magical experience is not to be missed.


Misk Foundation celebrates NGO graduates

Updated 26 December 2024
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Misk Foundation celebrates NGO graduates

RIYADH: The Mohammed bin Salman Foundation, also known as Misk, celebrated the graduation of the fourth cohort of the Misk Initiatives Incubator and Impact Accelerator programs at a ceremony held recently at Mohammed bin Salman Nonprofit City in Riyadh.

Minister of Communications and Information Technology Abdullah Al-Swaha and Misk Foundation CEO Badr Al-Badr, along with representatives of government agencies, NGOs and donors, attended the ceremony.

During the event, 11 youth initiatives were transformed into nonprofit organizations with the support of the Misk Initiatives Incubator program. Four NGOs were empowered through the Impact Accelerator program, contributing to achieving the objectives of the nonprofit sector and enhancing the role of young people in development.

Fifteen NGOs took part in the two programs, benefiting 177 people. They were provided with more than 2,000 hours of mentorship and financial grants exceeding SR7 million ($1.86 million) to support the implementation of projects serving young people. The ceremony also featured inspiring success stories, highlighting future projects aimed at amplifying social impact.