INVESTMENT NEWS

This new service marks SalamAir’s fifth destination within Saudi Arabia, joining Riyadh, Jeddah, Medina, and Dammam in expanding the airline’s regional network.

The first phase will feature 16 country pavilions representing diverse international cultures, an open-air theater with a 10,000-person capacity, a floating restaurant on the lake, water and electronic games, and a variety of international cuisine outlets.

A key focus is reaching new consumers through conceited digital efforts, who previously may not have considered Abu Dhabi, increasing global brand awareness and expanding the emirate’s appeal.

All packages now include built-in savings of 5–7% off the total trip cost compared to booking accommodations and transfers separately.

Hilton has made remarkable investments in Saudi Arabia over the past two years, with a combined owner and investor commitment of around US$8 billion.

The hotel offers upscale amenities including a spa, an outdoor poolside bar, and a Chinese restaurant, catering to tourists and business travelers.

The company projects cash flow generation of INR 400-500 million (US$4.55 million to US$5.69 million) in 2025/26 from this initiative.

Under the joint venture, Boyu will hold up to 60% of Starbucks’ China retail business, while Starbucks retains a 40% stake and continues to own and license its brand and intellectual property.

This partnership enables Qatar Airways customers easier access to Algiers and six additional important destinations in Air Algérie’s domestic network.