A major new Saudi-Swiss partnership has been launched in Riyadh to revolutionise hospitality and tourism education in the Kingdom. It is led by Tanmeya Capital, which manages the SAR600 million Tanmeya Hospitality & Tourism Fund. Tanmeya Capital is partnering with Sommet Education, the parent company of Les Roches, École Ducasse, and Glion Institute of Higher Education. The goal is to train Saudi and international talent to the highest global standards, meeting the growing demands of the national tourism sector.
La Premiere Realty and Gables Construction Group have officially announced a major new exclusive collaboration based in Coral Gables, Florida. The partnership is designed to offer clients a fully streamlined service for property acquisition and subsequent construction work. The integrated service begins with La Premiere Realty handling the land acquisition phase. It then moves directly into construction, culminating in a fully constructed, move-in-ready home delivered by Gables Construction Group.
KORA Properties, the real estate arm of APPCORP Holding, has launched IL VENTO, a 40-floor luxury apartment tower in Dubai Maritime City. Named after the Italian word for ‘The Wind,’ the tower features 330 apartments, including four penthouses with private pools. The development blends serene coastal beauty with urban convenience, being only 15 minutes from Dubai Mall and the airport. It offers residents over 40 facilities and amenities, including a sky pool and yoga area.
Nigerian billionaire Aliko Dangote, head of Dangote Industries Limited (DIL), has signed a $1 billion investment agreement with the Zimbabwean government. The deal was formalised following a meeting with President Emmerson Mnangagwa in Harare. The funds will be directed towards key strategic sectors in Zimbabwe. These include cement manufacturing, power generation, fertiliser production and infrastructure. The cornerstone of the investment is a petroleum pipeline project.
DAMAC Properties has launched DAMAC Islands 2, its seventh master community in Dubai, with a focus on redefining waterfront living. The development draws inspiration from eight picturesque island destinations including Antigua and Mauritius. Building on the success of DAMAC Islands, the new project features crystal lagoons, lush landscapes and wellness-focused designs. The launch event at the Coca-Cola Arena was hosted by Hussain Sajwani and Amira Sajwani. Star appearances were made by Bollywood actors Ranbir Kapoor and Alia Bhatt.
Saudi Arabia is aggressively pursuing its Vision 2030 goal of becoming a global tourism leader. This ambition is supported by an US$800 billion investment in giga-projects. To propel this growth, the inaugural WTM Spotlight Riyadh will gather international travel industry professionals in the capital from 29 September to 1 October 2026. Organisers expect over 450 exhibitors and 6,500 visitors. The goal is to stimulate new partnerships and investment.
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