Saudi Tourism Development Fund signs deal with Hyatt Hotels 

The Saudi Tourism Development Fund signing an MoU with Hyatt Hotels. (SPA)
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Updated 18 May 2023
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Saudi Tourism Development Fund signs deal with Hyatt Hotels 

  • Luxury chain will establish hotels across Kingdom’s top tourist destinations 

RIYADH: The Saudi Tourism Development Fund has signed an agreement with Hyatt Hotels to establish luxury hotels throughout the Kingdom, Saudi Press Agency reported on Thursday  

“We are proud to expand our strategic partner base, which includes many prestigious international names and brands in the tourism and hospitality sectors,” Qusai Al-Fakhri, CEO of the Tourism Development Fund, said. 

“Our partnership with the Hyatt Group will reinforce our efforts to diversify the Kingdom’s tourism and hospitality sectors, as well as attract more visitors by providing them with unique world-class experiences in Saudi Arabia’s top tourist destinations.”

Ludwig Bouldoukian, regional vice president of development for the Middle East and Africa at Hyatt Hotels, said: “Saudi Arabia is the largest emerging market in the Middle East and has made great progress in various sectors, including tourism and hospitality. 

“We welcome this partnership and consider it a great opportunity  for expanding Hyatt’s distinctive services to local and international visitors and tourists in the Kingdom.”

The Saudi Tourism Development Fund supports tourism investment in the Kingdom, with the goal of attracting 100 million visitors by 2030. It aims to provide financial resources and expertise to global business leaders looking to invest in Saudi Arabia’s top 10 tourist destinations.

 
 


Camel festivals attract investors, promote growth

Updated 4 sec ago
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Camel festivals attract investors, promote growth

  • Since Sept. 19, camel owners have competed in 36 rounds
  • The festival, which ends on Oct. 1, features a total of 40 rounds and offers 300 prizes worth SR20 million

RIYADH: The judging committee and spectators at the Camel Avenue Festival in Taif witnessed a dazzling display of over 1,900 camels in a single day, the Saudi Press Agency reported on Monday.

Since Sept. 19, camel owners have competed in 36 rounds. The festival, which ends on Oct. 1, features a total of 40 rounds and offers 300 prizes worth SR20 million ($5.3 million).

Camel festivals are valuable for heritage and economic growth, providing significant opportunities for citizens and investors in the camel industry.

The economic returns from these festivals stimulate investment and create new avenues for growth in Saudi Arabia.

Marzouq bin Fawaz Al-Dhiabi, an investor in the camel market, said that auction sales alone reached over SR6 million, while private deals among owners exceeded SR30 million.

The festival’s camel market saw more than 250 daily transactions involving a wide range of camels.

About 15,000 camels of various colors were on display, attracting investors from Saudi Arabia and the Gulf countries.


Baha farmers anticipate strong pomegranate harvest

Updated 11 sec ago
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Baha farmers anticipate strong pomegranate harvest

  • Area boasts around 179 hectares of pomegranate orchards that produce over 1,600 tonnes of the fruit annually
  • Pomegranate trees have been cultivated in Baha for hundreds of years, serving as one of the oldest sources of income for local farmers

JEDDAH: Farmers in the Baha region have begun harvesting pomegranates, the Saudi Press Agency reported on Monday.

The area boasts around 179 hectares of pomegranate orchards that produce over 1,600 tonnes of the fruit annually due to its fertile land, moderate climate, abundant water supply, and rich soil.

Pomegranate trees have been cultivated in Baha for hundreds of years, serving as one of the oldest sources of income for local farmers.

Trees reach peak production between 15 and 20 years and can live for over 70 years.

Traditional farming methods have evolved, and farmers now use advanced agricultural practices and transportation methods.

Local farmer Saud Al-Zahrani explained that the pomegranate harvesting season starts each September and lasts about three months. He expressed optimism for this year’s yield, citing favorable conditions, including abundant rainfall, which has improved the fruit’s quality and cleanliness.

He also mentioned the national pomegranate festival, which aims to support farmers and producers by opening new marketing channels and promoting products both locally and globally.


Saudi Arabia expresses concern over Lebanon situation, pledges medical and relief aid

Updated 29 September 2024
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Saudi Arabia expresses concern over Lebanon situation, pledges medical and relief aid

  • Kingdom also urged international community to take responsibility for safeguarding regional security and peace
  • Reaffirmed its support for the Lebanese people

RIYADH: Saudi Arabia has expressed deep concern over the recent developments in Lebanon, calling for the preservation of Lebanon's sovereignty and territorial integrity, Saudi Press Agency reported. 

In a statement issued on Sunday, the Kingdom reaffirmed its support for the Lebanese people as they face the repercussions of ongoing events and emphasized the need to mitigate their humanitarian impact.

Saudi Arabia also urged the international community to take responsibility for safeguarding regional security and peace, stressing the importance of preventing further conflicts and tragedies in the region.

In line with its commitment to supporting Lebanon, the Kingdom’s leadership issued directives to provide urgent medical and relief aid to the Lebanese people.

This assistance aims to help Lebanon navigate its current challenges and alleviate the critical circumstances affecting the nation, SPA added.


Saudi Al-Huwaizi appointed as president of Union of Arab Chambers

Updated 29 September 2024
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Saudi Al-Huwaizi appointed as president of Union of Arab Chambers

  • Appointment made during UAC’s 135th session, being held in Doha

RIYADH: The Union of Arab Chambers appointed Hassan bin Moejeb Al-Huwaizi, President of the Federation of Saudi Chambers, as its first Vice President, Saudi Press Agency reported on Sunday.

The appointment was made during the UAC’s 135th session, which is being held in Doha.

In addition to his new role, Al-Huwaizi holds several prominent positions, including VP of the Federation of GCC Chambers, and president of the Abha Chamber, SPA added.

He thanked the Union of Arab Chambers for its confidence in his abilities, and Al-Huwaizi emphasized the need to strengthen intra-Arab trade.

Currently, intra-Arab trade constitutes just 13.8 percent of the total foreign trade of Arab countries, a figure he described as modest compared to other regional economic blocs.

Al-Huwaizi urged for intensified efforts to eliminate regulatory, customs, and procedural barriers that hinder trade among Arab nations.


Saudi Arabia announces monthly financial support to address humanitarian situation in Gaza

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
Updated 30 September 2024
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Saudi Arabia announces monthly financial support to address humanitarian situation in Gaza

  • Support comes as a continuation of aid previously provided by the Kingdom to the Palestinian people which amounts to more than $5.3 billion

RIYADH: Saudi Arabia on Sunday announced the provision of monthly financial support to Palestinians to help address the humanitarian situation in the Gaza Strip and its surroundings.

The move is a result of the Kingdom’s keenness to provide all forms of assistance and support to Palestine and its people in the face of the suffering caused by the Israeli occupation and its flagrant violations of all international laws and norms, Saudi Press Agency said. 

The Kingdom reiterated its emphasis on the tireless efforts made by King Salman and Crown Prince Mohammed bin Salman in communicating with members of the international community in order to reach a ceasefire, protect civilians, and provide more humanitarian aid to the Palestinian people.

The Saudi leadership is also keen to find a just and comprehensive solution to the Palestinian issue that enables the Palestinian people to obtain all their legitimate rights and establish an independent state with East Jerusalem as its capital.

The Kingdom affirmed that it pays the utmost attention to the Palestinian cause and has made every possible effort to contain the crisis in the Gaza Strip and address the critical humanitarian situation there since the beginning of the crisis last year. 

The Kingdom was able to unify the Arab and Islamic position toward this crisis by chairing the ministerial committee assigned by the joint Arab Islamic extraordinary summit held in November 2023 to support Palestinians, confront the Israeli aggression on the Gaza Strip, and break the siege imposed on it, SPA said.

This resulted in a number of countries recognizing the State of Palestine and demanding that it be accepted as a full member of the United Nations, SPA added.

The support comes as a continuation of the humanitarian and development aid provided by the Kingdom to the Palestinian people in the past, which amounts to more than $5.3 billion.