
Saudi Umm Al Qura to Laucnh IPO to Support $26 Billion MASAR Makkah Project
The Saudi PIF backed developer Umm Al Qura for Development and Construction is due to launch an IPO to support its much anticipated $26.6 billion MASAR Makkah project.
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The Saudi PIF backed developer Umm Al Qura for Development and Construction is due to launch an IPO to support its much anticipated $26.6 billion MASAR Makkah project.

Saudi Arabia is now allowing foreign investors to invest in publicly listed real estate companies in Makkah and Madinah.

Marriott International has signed an agreement to open the largest Courtyard by Marriott hotel in the world in Holy Makkah in Saudi Arabia.

Saudi Arabia has announced that it welcomed a record 18.5 million pilgrims in 2024.

Hilton and the Saudi Tourism Authority have launched first of its kind international campaign to highlight Saudi Arabia’s diverse travel experiences.

Saudi Arabia has announced a major visa rule update to its temporary work visas for Hajj and Umrah services.

Saudi Arabia is set to introduce a groundbreaking cable car system to the Cave of Hira to enhance the Hajj and Umrah pilgrim experience.

The Radisson Hotel Group has opened the new Park Inn by Radisson, Makkah Thakher Algharbi, expanding its presence in The Holy City.
Located in the Thakher City project, which is 2.1km from Al Masjid Al Haram, the hotel features 161 luxury rooms and offers a 24 hour shuttle to The Grand Mosque in Makkah.

Saudia Airlines has placed its largest order yet to purchase up to 100 electric take of and landing jets worth $700 million from German electric air taxi firm, Lilium.

Saudi Arabia has launched trials of self-driving air taxis during Hajj 2024, making it the world’s first such service licensed by a civil aviation authority.
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