🧳Raffles Residences To Open on Stunning Jeddah Corniche

LATEST NEWS

In Today’s Edition:

• Raffles Residences Jeddah Set To Open On The Beautiful Jeddah Corniche

• Saudi Arabia’s Nujuma, A Ritz-Carlton Reserve Opens As The Middle East’s Most Expensive Hotel

• Goldman Sachs To Become First Wall St Bank To Establish Regional Headquarters In Riyadh

• Future Aviation Forum in Riyadh Sees Over 100 Agreements worth over $20 Billion

• Today’s Newsletter’s Sponsor

HOSPITALITY

✨Raffles Residences Jeddah Set To Open On The Beautiful Jeddah Corniche

Jeddah is set to welcome the first Raffles hotel and residences in Saudi Arabia. The Raffles Residences Jeddah will be located on the Jeddah Corniche and will offer luxurious amenities to its residents.

Key Takeaways:

• The Raffles Residences Jeddah will feature 142 rooms and suites and 120 branded residences.

• Residents will have access to world-class restaurants, spa facilities, and private balconies with stunning views.

• The building's design incorporates traditional mashrabiya screens.

The Raffles Residences Jeddah is a luxurious new addition to Jeddah's skyline. Read more

RED SEA GLOBAL

🏨Saudi Arabia’s Nujuma, A Ritz-Carlton Reserve Opens As The Middle East’s Most Expensive Hotel

Nujuma, a new luxury resort in Saudi Arabia, has opened its doors as the Middle East's most expensive hotel. Located on a secluded island, it offers guests an unparalleled level of luxury and privacy.

Key Takeaways:

• Nujuma is part of the Ritz-Carlton Reserve and boasts the title of the most expensive hotel in the Middle East, with prices starting at $2,640 per night.

• The resort is located on a secluded island and can only be reached by chartered boat or seaplane.

• Guests can enjoy private villas with infinity pools, gourmet dining, a spa, and opportunities to learn about the region's culture and heritage.

Nujuma promises an unforgettable experience for those seeking ultimate luxury and exclusivity. Read more

ECONOMY

🕌Goldman Sachs To Become First Wall St Bank To Establish Regional Headquarters In Riyadh

Goldman Sachs is making a move in the Middle East. The investment banking giant is poised to be the first Wall Street bank to establish a regional headquarters in Riyadh.

Key Takeaways:

• Goldman Sachs will be the first Wall Street bank with a regional headquarters in Riyadh

• Saudi Arabia is offering tax incentives to attract foreign companies, including a 30-year corporate income tax exemption.

• Goldman Sachs sees this as a chance to strengthen its presence in the MENA (Middle East and North Africa) region.

Goldman Sachs' move to Riyadh signifies a growing importance of the Saudi Arabian market for global financial institutions. Read more

EVENTS

✈️Future Aviation Forum in Riyadh Sees Over 100 Agreements worth over $20 Billion

The Future Aviation Forum in Riyadh struck over $20 billion in deals, bolstering Saudi Arabia's growing aviation sector.

Key Takeaways:

• Over 100 agreements worth more than $20 billion signed at the forum.

• Saudia Group makes record Airbus order for 105 jets.

• Deals signal Saudi Arabia's ambitions as a major aviation player.

The forum's success strengthens Saudi Arabia's plans to become a global aviation hub. 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