Saudi Arabia Wins Michelin Keys With 7 Award Winning Luxury Hotels

YOUR WEEKLY ROUNDUP

In case you missed this weeks latest developments in the growth of Saudi Arabia we’ve compiled the best articles for you.

In Today’s Edition:

• Saudi Arabia Wins Michelin Keys with 7 Award-Winning Luxury Hotels

• Saudi Fintech Unicorn Tamara Expands with UAE Central Bank Licence

• Saudi Crown Prince Launches Mega King Salman Gate Mixed-Use Project in Makkah

• Riyadh Air Opens First Luxury Hafawa Lounge at King Khalid International Airport in Riyadh

• Today’s Newsletter’s Sponsor

HOSPITALITY

✨Saudi Arabia Wins Michelin Keys with 7 Award-Winning Luxury Hotels

Saudi Arabia has gained global recognition in the luxury hospitality sector by securing seven prestigious Michelin Keys in the Michelin Guide's inaugural global hotel ranking.

Key Takeaways:

• Seven Saudi hotels were recognized for their stunning design, impeccable service, and unique setting.

• The awards are categorized into three levels, reflecting the quality of the stay.

• This recognition solidifies Saudi Arabia's emerging status as a top-tier luxury travel destination and aligns directly with the Saudi Vision 2030 goal.

Saudi Arabia has made a significant impact on the global luxury hotel scene by winning seven Michelin Keys in the Michelin Guide’s first-ever hotel ranking, with four properties receiving the prestigious Two-Key designation. Read more

ECONOMY

✨Saudi Fintech Unicorn Tamara Expands with UAE Central Bank Licence

Tamara, Saudi Arabia's first homegrown fintech unicorn, has secured a significant regulatory approval—a restricted finance license—from the Central Bank of the UAE (CBUAE).

Key Takeaways:

• This regulatory approval strengthens Tamara's entire operation in the UAE and aligns with the broader economic development goals of UAE Vision 2031.

• Tamara is the leading fintech platform in the GCC, currently serving over 20 million customers and partnering with major global and regional brands such as Apple, SHEIN, IKEA, and Amazon.

• The company is focused on its mission to build the "most customer-centric financial super-app in the world," further expanding its product diversification in credit and payment solutions.

Tamara, Saudi Arabia's first homegrown fintech unicorn, has secured a significant regulatory approval—a restricted finance license—from the Central Bank of the UAE (CBUAE). Read more

TRAVEL

✨Saudi Crown Prince Launches Mega King Salman Gate Mixed-Use Project in Makkah

Saudi Crown Prince Mohammed bin Salman has launched the 'King Salman Gate' project, a transformative mixed-use development in Holy Makkah.

Key Takeaways:

• The project covers a vast area of 12 million square meters.

• The development is projected to create over 300,000 jobs by 2036.

• The project emphasizes preserving Makkah's heritage, with plans to restore approximately 19,000 square meters of heritage sites.

Crown Prince Mohammed bin Salman has launched the King Salman Gate project in Makkah, a PIF-developed, 12 million sqm mixed-use urban development next to the Grand Mosque.. Read more

TRAVEL

✨ Riyadh Air Opens First Luxury Hafawa Lounge at King Khalid International Airport in Riyadh

Riyadh Air has inaugurated its first premium facility, the Hafawa Lounge, at King Khalid International Airport (KKIA) in Riyadh.

Key Takeaways:

• Guests are greeted with a traditional Saudi welcome, including authentic coffee and premium dates, reflecting the airline's commitment to cultural heritage.

• It is reserved exclusively for Riyadh Air's Business Elite and Business Class passengers.

• The 2,000 square meter lounge is strategically situated between Terminals 1 and 2 at KKIA and can accommodate approximately 370 guests.

SRiyadh Air has launched its debut premium facility, the 2,000 sqm Hafawa Lounge, at King Khalid International Airport in Riyadh. Read more

This Newsletter Is Sponsored by Welcome Saudi

The No. 1 Travel Website To Discover The Best Hotels, Restaurants & Tourist Destinations in Saudi Arabia