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In "BUSINESS"
November 27, 2019
Global markets rise
on trade optimism
SEOUL — South Korea's Hyundai Motor has signed a deal to build a $1.5 billion car plant in Indonesia, the company said, its first in southeast Asia, where Japanese carmakers dominate the market.The deal comes as Seoul looks to diversify its trade-dependent economy, the world's 11th largest, away from reliance on traditional partners China and the US.Indonesia is the region's largest automobile market, and the $1.55 billion deal aims to "combat slowing demand in the global automotive market" and propel future growth, Hyundai said in a statement.The plant, to be built in Bekasi, east of Jakarta, will start production in 2021, Hyundai said, ultimately aiming to produce 250,000 vehicles a year.South Korea's President Moon Jae-in has been pushing a "New Southern...
November 27, 2019
Hyundai to build $1.5bn car plant in Indonesia
DUBAI — Destination wedding tourism as well as solo and female-led travel and ecotourism, wellness, adventure and agritourism (EWAA) are defining the hospitality industry landscape, according to data released ahead of Arabian Travel Market 2020 (ATM), which will take place at Dubai World Trade Centre on April 19-22, 2020.The research by Colliers International, ATM’s official research partner, revealed that the destination wedding segment is worth more than $90 billion globally, with 25% of marriages now taking place abroad – equating to approximately 340,000 destination weddings every year.Looking at the Middle East specifically, the regional market is worth over $4.5 billion, attracting 5% of the global destination weddings market. The UAE is the most favoured location as a result...
November 27, 2019
$4.5bn Mideast wedding tourism defines region’s hospitality sector
November 27, 2019
Portuguese developer
attracts Saudi investors
November 27, 2019
Mobile technologies,
services add $191bn
a year of economic
value to MENA region
RIYADH — Dar Al Arkan Real Estate Development Company recently celebrated its 25th anniversary with a ceremony held at Nayyara Banqueting and Conferences Centre in Riyadh in the presence of officials, businessmen, shareholders, and customers.Yousef Bin Abdullah Al Shelash, Chairman of Dar Al Arkan Real Estate Development Company of Saudi Arabia, said in his speech: “Dar Al Arkan has been leading the development of unique real estate projects that contribute to urban development since its launch in Riyadh in 1994. The company has many world-class property developments in Riyadh, Jeddah, Makkah, Madinah, and other major cities in the Kingdom of Saudi Arabia to its credit. Currently, we are implementing projects covering a combined area of 12.4 million square meters, which include Shams...
November 27, 2019
Dar Al Arkan spearheads
Saudi real estate growth
November 27, 2019
‘Castrol CRB Truckercise’ initiative launched in KSA
November 27, 2019
Mashroat signs MoU with Saudi Council of Engineers
November 27, 2019
Maserati’s innovation on board the Multi 70 trimaran
November 27, 2019
First self-driving heavy vehicle in MEA tested in Dubai
