Red Sea Global (RSG) has secured SAR 6.5 billion ($1.73 billion) in green financing from a consortium of Saudi banks to accelerate the development of AMAALA, its flagship luxury wellness destination on the Red Sea coast. Led by Riyad Bank, the facility aligns with RSG’s Green Loan Framework and marks the company’s latest milestone in sustainable tourism investment.
Qatar Airways and Kenya Airways have expanded their partnership with codeshare flights to 19 destinations, enhancing connectivity between Africa, the Middle East, and Asia. The new flights will allow passengers to access a wider network of leisure and business destinations via Nairobi and Doha.
Marjan and RAK Hospitality Holding have announced a landmark merger to create one of the UAE’s largest integrated real estate and hospitality developers. The combined entity will operate under the Marjan brand, leading key projects including Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, driving Ras Al Khaimah’s Vision 2030 for sustainable tourism and investment.
IHG Hotels & Resorts has opened the first Garner hotel in Türkiye with the launch of Garner Hotel Istanbul – Airport Arnavutköy. Located just 14 kilometres from Istanbul Airport, the 56-room property is designed to provide comfort, convenience, and value for both business and leisure travellers, marking a key milestone for IHG’s expanding Garner portfolio.
Saudi Minister of Municipalities and Housing Majed Al-Hogail will begin a tour of China and South Korea to boost cooperation in real estate, urban technology, and smart cities. The trip will include signing agreements for 100,000 new homes by 2030 and furthering partnerships with leading Asian firms, in support of Saudi Vision 2030’s urban development goals.
Sommet Education and the Hospitality Community Foundation have signed a strategic partnership at Les Roches Crans-Montana to advance training, research, and international deployment of data-driven hospitality solutions.
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