UN Tourism has partnered with UMusic Hospitality & Lifestyle (UMHL) and the Center for Music Ecosystems (CME) to leverage music tourism for job creation and economic growth in high-growth economies. The new Memorandum of Understanding, announced at the UN Tourism General Assembly in Riyadh, aims to position the creative industries as a transformative force through tourism. The collaboration will use the influence of global figures, including newly appointed UN Tourism Ambassador Khabane Lame, to promote music as a viable path to economic mobility.
Saudi Arabia has introduced a five-year rent freeze in Riyadh, halting increases for residential and commercial properties as part of new rules approved by the Cabinet. The measures, effective from 25 September, aim to curb rising rental costs and strengthen protections for both landlords and tenants.
Kimpton makes its long-awaited Middle East debut with the opening of Kimpton KAFD Riyadh, a 212-room luxury lifestyle property in the heart of the capital’s King Abdullah Financial District, blending contemporary elegance with the brand’s signature playful approach to hospitality.
Al Khozama Investment Company has partnered with Yardi to manage its commercial real estate portfolio, including Riyadh’s Al Faisaliah Tower, in a move aligned with Saudi Vision 2030’s digital transformation goals.
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