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How does hosting global events affect the Kingdom's real estate and hotel sector?

Reading time: 3 Minutesتعد المملكة العربية السعودية واحدة من أبرز الدول التي تشهد تحولًا اقتصاديًا غير مسبوق، حيث تسعى إلى تعزيز مكانتها على الخريطة العالمية عبر استضافة فعاليات ... Read more

Hosting Expo 2030 and the 2034 World Cup will boost investments, develop infrastructure, and expand the hotel and real estate sector.

14/09/2024

Saudi Arabia Foreign Investment
Riyadh - Saudi Real Estate Market

International report: Hospitality sector witnesses remarkable growth driven by tourism expansion

JLL: Saudi Arabia's hospitality sector grew in H1 2024 with rising occupancy, prices, revenues and massive investment support

Ministry of Tourism-Housing Rentals

“Our Guests are a Priority” campaign launched to promote compliance with licensing and classification requirements

The ministry is launching an awareness and field phase to ensure that 3,798 facilities comply with licensing and classification requirements.

Riyadh Season 2024. 14 entertainment zones offer a variety of activities to delight the public

It kicks off on October 12 on an area of more than 7.2 million square meters, featuring 11 world championships and 4,200 contracts.

Saudi Arabia Foreign Investment

How does hosting global events affect the Kingdom's real estate and hotel sector?

Hosting Expo 2030 and the 2034 World Cup will boost investments, develop infrastructure, and expand the hotel and real estate sector.

Sports Ministry launches investment opportunity to build sports and hotel facilities

Investment opportunity on Airport Road in Medina with an area of 29,335 m² and a 35-year contract, deadline November 23

Medina Chamber of Commerce - Commercial Register

Medina Chamber offers investment opportunities to establish commercial, hotel and entertainment facilities

Opportunities include parking lots and a mixed-use building in Al Fateh neighborhood, sports, commercial and hotel facilities in Al Qalaa neighborhood, and a waterfront hotel in Yanbu.

Ministry of Tourism-Housing Rentals

Hospitality spending by inbound tourists to Saudi Arabia to exceed SAR 45 billion in 2023

Total tourist spending in 2023 exceeds SAR 141 billion after welcoming more than 27 million visitors

Hotel for Sale - Al Haidari Company

Hotel for sale in Mazoon Auction

Hybrid public auction for an investment property (10 floors, 120 rooms) in Medina August 20, 2024 at 4pm.

Creating tourist resorts and chalets 17 investment opportunities in Fifa Governorate

Jazan Municipality offers opportunities through the municipal investment portal "Forooz" to invite investors and read the details of the competition.

Sports Ministry launches investment opportunity to build, operate and maintain a hotel project

Tender for the construction of two hotels in King Abdullah Sports City in Jeddah (15,900 m²), 35-year contract, term sheet until November 3.

Equinox Resort, a new beauty in NEOM, dazzles tourists on the Gulf of Aqaba coast

Designed as a 450-meter-long, 40-meter-high bridge over Lake Triam, it offers sustainable luxury hospitality and innovative experiences.

Minister of Tourism: 60 million tourists spent 143 billion riyals during the first half of 2024

Al-Khatib reviewed achievements, partnerships, and training programs in Abha, and stressed targeting 150 million tourists by 2030.

Red Sea International announces Turtle Bay Hospital

“Red Sea International announces Turtle Bay Hospital in its destination

Provides primary and secondary care for employees and visitors, including an emergency room, hyperbaric oxygen room, and Ministry of Health approval.

Makkah Chamber accelerates the issuance of licenses in the accommodation and hospitality sector in preparation for the Hajj season

Joint Operational Center accelerates the issuance of hospitality and accommodation licenses and provides consultations to address investment challenges in preparation for Hajj

Ministry of Municipalities and Housing - Group Housing Requirements

“Municipal Affairs solicits opinions on requirements for tourist hospitality facilities

The call is open until June 26, 2024 to promote the regulation of hospitality facilities, support investors and reduce visual distortion.

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