Your Weekly Round Up

The iconic Saudi Arabian event has secured a major partnership, becoming the official sponsor of La Liga, the top-tier Spanish football league, for three seasons.

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The Suadi Boom
October 12, 2024

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:

  • Riyadh Season Becomes Official Sponsor of La Liga for 3 Seasons

  • Saudi Arabia’s PIF to Aquire 40% stake in Selfridges, Iconic British Department Store

  • Saudi Arabia’s Construction Firm Resumes Construction on Jeddah Tower, World’s Tallest Building

  • Saudi’s Online Food Delivery Market is Set to Grow to $13.5 Billion by 2030

  • NEOM Reveals First Stunning Interior Designs of Sindalah Yacht Club by Stefano Ricci

  • More News

  • Today’s Newsletter’s Sponsor

EVENTS

✨ Riyadh Season Becomes Official Sponsor of La Liga for 3 Seasons

The iconic Saudi Arabian event has secured a major partnership, becoming the official sponsor of La Liga, the top-tier Spanish football league, for three seasons. This collaboration aims to elevate the Riyadh Season experience and attract global sports enthusiasts.

Key Takeaways:

  • A Global Collaboration: The partnership with La Liga aligns with Riyadh Season's vision to host world-class events and attract international visitors.

  • Enhanced Fan Experience: Football fans attending Riyadh Season will benefit from exclusive La Liga experiences, including meet-and-greets, fan zones, and opportunities to watch live matches.

  • Boosting Tourism and Entertainment: This collaboration further solidifies Riyadh Season's position as a major global entertainment destination, attracting tourists and sports enthusiasts from around the world.

Riyadh Season's partnership with La Liga marks a significant milestone in its journey to become a global entertainment powerhouse. This collaboration promises to enhance the event's appeal and offer a unique experience for visitors and football fans alike. Read more

TRAVEL

✨ Saudi Arabia’s PIF to Aquire 40% stake in Selfridges, Iconic British Department Store

Saudi Arabia's Public Investment Fund (PIF) has acquired a 40% stake in the iconic British department store chain, Selfridges. This move signals PIF's continued global expansion and diversification strategy, while strengthening Selfridges' financial position and fueling future growth.

Key Takeaways:

  • Strategic Partnership: PIF steps in to acquire the stake previously held by Austrian real estate conglomerate Signa, which had collapsed. This partnership combines PIF's financial resources with Selfridges' established brand and retail expertise.

  • Financial Boost: The terms of the deal are not publicly disclosed, but are expected to provide a significant financial boost to Selfridges.

  • Focus on Growth: The partnership aims to support Selfridges' future development and solidify its position as a leading luxury retailer.

The PIF's acquisition of a stake in Selfridges is a strategic move for both parties. PIF gains a foothold in a prestigious retail chain, while Selfridges secures a strong financial partner for continued growth. This collaboration positions Selfridges to maintain its position as a global luxury retail icon. Read more

TRAVEL

✨ Saudi Arabia’s Construction Firm Resumes Construction on Jeddah Tower, World’s Tallest Building

Construction on the Jeddah Tower, poised to become the world's tallest building, has officially resumed. This ambitious project by Kingdom Holding Company, led by Saudi billionaire Prince Alwaleed bin Talal, is set to redefine the Jeddah skyline and solidify Saudi Arabia's position as a global architectural leader.

Key Takeaways:

  • A Monument to Ambition: The Jeddah Tower, originally conceived in the early 2010s, will surpass the Burj Khalifa in Dubai to claim the title of the world's tallest building.

  • A Symphony of Design: Standing at over 1,000 meters, the tower features a sleek, three-petal design, combining innovation and aesthetic beauty.

  • A Haven of Luxury: The Jeddah Tower will encompass a Four Seasons Hotel, luxurious residences, and high-end dining establishments, offering an unparalleled living and entertainment experience.

The Jeddah Tower's resumption signifies Saudi Arabia's unwavering commitment to ambitious architectural projects. This landmark development represents a technological feat, a boon for tourism, and a catalyst for growth within the region. As it rises towards the sky, the Jeddah Tower will stand as a symbol of Saudi Arabia's progress and ambition on the world stage. Read more

COMPANIES

✨ Saudi’s Online Food Delivery Market is Set to Grow to $13.5 Billion by 2030

Saudi Arabia's online food delivery market is on a tear, projected to reach a staggering $13.5 billion by 2030. This explosive growth is fueled by aggressive investment strategies, anticipated IPOs from major players, and a rapidly evolving consumer landscape.

Key Takeaways:

  • Investment Feast: Significant investments are pouring into the sector, with key players like Jahez and Hunger Station leading the charge. Expected initial public offerings (IPOs) will further fuel market expansion.

  • Consolidation Cravings: As the market matures, a wave of consolidation is anticipated. Consumers seeking wider options and faster delivery times will likely drive mergers and acquisitions, creating even larger players.

  • Shifting Tastes: Saudi Arabia's evolving consumer base is increasingly tech-savvy and demands convenience. The growing popularity of online food delivery caters to this desire for a seamless dining experience at home.

A $160 Billion Addressable Market:

With a total addressable market valued at a whopping $160 billion, the Saudi food industry presents a massive opportunity. Online food delivery platforms are perfectly positioned to tap into this potential, offering a convenient and diverse range of culinary options.

Saudi Arabia's online food delivery market is poised for a golden age. The confluence of investment, consolidation, and shifting consumer preferences creates a recipe for success. By 2030, online food delivery is set to become an even bigger part of Saudi Arabia's thriving food scene.

NEOM

✨ NEOM Reveals First Stunning Interior Designs of Sindalah Yacht Club by Stefano Ricci

NEOM, the futuristic mega-city taking shape in Saudi Arabia, has unveiled the captivating interior designs for the Sindalah Yacht Club. Developed in collaboration with world-renowned Italian designer Stefano Ricci, the yacht club promises an unparalleled experience, blending opulence with a touch of Italian artistry.

Key Takeaways:

  • A Collaboration Steeped in Luxury: Stefano Ricci, known for his Florentine design heritage and focus on exquisite craftsmanship, brings his unique vision to life in the Sindalah Yacht Club.

  • A Refined Haven for Yacht Owners: The 1,800-square-meter Sindalah Yacht Club is designed to be a luxurious haven for discerning yacht owners.

  • A Gateway to the Red Sea: Situated within the heart of Sindalah's marina, the Sindalah Yacht Club serves as a premier destination for yacht enthusiasts. This luxurious haven offers a seamless connection to the wonders of the Red Sea, making it an ideal starting point for nautical adventures.

The Sindalah Yacht Club, designed by Stefano Ricci, is a testament to NEOM's commitment to creating a world-class luxury experience. This exquisite space promises to become a landmark not only for NEOM but also for the entire Red Sea region.

MORE NEWS

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