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    Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

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      Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

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      • CES 2017
      • Election Results
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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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        • Hospitality

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

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        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics

            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              Rotana to open 4 new hotels worth $130 million in Saudi Arabia this year

              Saudi Gazette

              February 7, 2017
              in Hospitality
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              Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, will open four new hotels in the Kingdom of Saudi Arabia (KSA) in 2017 as it continues to look to markets in the GCC to drive business growth and expansion, the company’s Chief Operating Officer Guy Hutchinson said in Jeddah on the sidelines of the Rotana Hotels 2017 GCC Roadshow. As planned, the four hotels will add 888 rooms to Rotana’s existing supply of 969 rooms in the Kingdom, taking its total inventory in the country to more than 1,850 rooms.
               
              All four of the upcoming Rotana properties in the Kingdom will be under the company’s lifestyle affordable hotel brand “Centro by Rotana”. Firstly Centro Waha, Riyadh – will open in the second quarter of this year and Centro Salama, Jeddah – will open in the third quarter of this year, while the remaining two properties – Centro Olaya, Riyadh and Centro Corniche, Al Khobar – are set for a Q4 2017 opening. The projects represent a total investment of $130 million.
               
              “Saudi Arabia is pivotal to Rotana’s expansion strategy for the region,” Guy Hutchinson said. “Despite the knock-on effects of the oil price slide and the prevailing tough global economic environment on tourism spending, Saudi Arabia’s tourism and hospitality sector has shown remarkable resilience, thanks to the nation’s determined push towards economic diversification. The Saudi government recognizes the crucial role that tourism can play in driving the country’s economy away from oil dependency and achieving sustainable and inclusive growth, and is doing everything in its capacity to support the creation of a world-class tourism infrastructure to set the ground for future growth
               
              He added “widening the accommodation choices for visitors by bringing more mid-market offerings to the market is vital to keeping Saudi Arabia on the fast track towards achieving its tourism goals. There is today an urgent need for more budget-friendly hotels in the Kingdom as travelers look for affordable accommodation that doesn’t compromise on comfort and convenience. Rotana is responding to these demands by bringing to KSA an impressive collection of properties under our ‘Centro’ brand, which has redefined the rules of the mid-market game by combining world-class service and comfort in an affordable package.”
               
              In addition to being one of the Middle East’s fastest-growing inbound tourism markets, Saudi Arabia is also a key driver of travel demand for Rotana hotels across the region. In 2016, the company registered a phenomenal 22 percent increase year-on-year in Saudi room nights while revenue from Saudi guests witnessed an 8.7% jump.
               
              “Saudi Arabia is the second largest feeder market for Rotana hotels in the region after Great Britain. We remain very optimistic on the Kingdom’s tourism sector and we expect occupancy rates at our hotels in 2017 to be in line with last year’s numbers,” Hutchinson said. “Rotana recognizes the catalytic potential of hospitality and tourism in helping Saudi Arabia usher in an era of diversified economic growth, and we are committed to supporting and contributing to the goals outlined in the Saudi Vision 2030 roadmap.”
               
              Commenting on the trends that will drive tourism and hospitality growth in KSA and the region in 2017, Hutchinson said, “Intra-regional travellers from the GCC – and in particular Saudi Arabia – remain the dominant source market for Rotana and the industry as a whole, and this trend will likely gather more pace in the coming months. Technology advances will continue to transform the way the hospitality industry functions, with the use of mobile apps becoming more ubiquitous, and dynamic pricing strategies will keep gaining in popularity. Although we expect some of the economic and geopolitical challenges of last year to spill over into 2017, overall, we feel the increase in supply will make the market more competitive in 2017, leading hospitality players to focus on innovation and resource optimization while creating enhanced value for guests.”
               
              According to STR’s Middle East/Africa November 2016 hotel pipeline, Saudi Arabia accounts for the most number of hotel rooms currently under construction in the region – with 37,864 rooms taking shape and form across 83 hotels in the Kingdom – ahead of the UAE.
               
              Saudi Gazette
              07 February
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