Al-Gharbia Company launches ‘Roshan’ project in Jeddah

Roshan will also include green spaces and a central park built on an area of 29,000 square meters, offering an enjoyable healthy environment for its residents.
Roshan will also include green spaces and a central park built on an area of 29,000 square meters, offering an enjoyable healthy environment for its residents.
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Updated 19 May 2024
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Al-Gharbia Company launches ‘Roshan’ project in Jeddah

Al-Gharbia Company launches ‘Roshan’ project in Jeddah

Al-Gharbia Development and Investment Company, the development arm of real estate company Tatweer Group in the western region, announced the launch of its first project in Jeddah at a ceremony in the city. The event was attended by real estate developers, businessmen and investors.
The project, named Roshan, is an ambitious urban and commercial development project located in the north of Jeddah. It consists of residential and commercial buildings and will be constructed in accordance with the highest design and engineering standards.
Boasting a strategic location, Roshan, to be built on a total area of 1 million square meters, will be located close to urban development projects, hotels, residential and commercial complexes, and government facilities.




Mohamed Habes, CEO of Al-Gharbia Development and Investment Company

Expressing delight at the launch of the new project, Mohamed Habes, CEO of Al-Gharbia Development and Investment Company, said Roshan represents “a wonderful start for the company.” He said: “The project embodies the company’s ambitious standards in construction and real estate development, which take into account the creation of a comprehensive and integrated community environment that guarantees its customers the enjoyment of quality of life in a balanced and harmonious society.”

The (Roshan) project supports the company’s ambitions to contribute to Saudi Arabia’s Vision 2030.

Mohamed Habes, CEO of Al-Gharbia Development and Investment Company

Habes added: “The project supports the company’s ambitions to contribute to Saudi Arabia’s Vision 2030, which aims to improve the quality of life, enhancing real estate development projects, playing a pivotal role in shaping a vibrant society and a thriving economy.”
Comprising 20 commercial plots and 614 residential plots, Roshan will also include green spaces and a central park built on an area of 29,000 square meters, offering an enjoyable healthy environment for its residents.

HIGHLIGHT

Roshan, to be built on a total area of 1 million square meters, will be located close to urban development projects, hotels, residential and commercial complexes, and government facilities.

Habes said the project’s infrastructure facilities, such as electricity, water and sewage networks, and communication and internet services, will be developed to guarantee comfort and luxury for the residents. Roshan will also include seven public parks, seven schools, seven mosques, a health center, and a main park in the heart of the project, consisting of sports areas and cycling tracks.

 


PIF’s Dan Company launches luxury resorts brand ‘Tuaja’

Combining Hilton’s world-class hospitality with the picturesque landscapes of Al-Ahsa rich in cultural and natural beauty.
Combining Hilton’s world-class hospitality with the picturesque landscapes of Al-Ahsa rich in cultural and natural beauty.
Updated 2 min 16 sec ago
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PIF’s Dan Company launches luxury resorts brand ‘Tuaja’

Combining Hilton’s world-class hospitality with the picturesque landscapes of Al-Ahsa rich in cultural and natural beauty.
  • Tuaja Luxury Resorts’ first three properties, operated by Hilton, will be in Al-Ahsa, a significant agricultural region in Saudi Arabia’s Eastern Province and UNESCO World Heritage site.

Dan Company, a PIF company, specializing in agri, eco, and adventure tourism, has launched a new resorts brand in Saudi Arabia to further elevate the country’s tourism offering. Designed to provide unforgettable experiences that connect guests with the stunning landscapes, rich culture, and authentic hospitality of the Kingdom, Tuaja Luxury Resorts will offer a unique blend of luxury, heritage, nature, and sustainability.

The resorts will offer three distinct experiences to suit all guests, varying from luxury and exploration at Tuaja Premium Farm Resort, tranquility and contemplation at the eco-friendly Tuaja Eco Resort, and adventure and excitement at the Tuaja Adventure Resort. At the heart of all lies sustainability, reflected in innovative practices designed to preserve nature, cultivating a greener future, and fostering a strong culture of environmental responsibility.

  • Tuaja Premium Farm Resort: will offer an exceptional experience for guests to enjoy the beauty of nature amidst opulence and comfort. The resort will provide hands-on agricultural experiences and direct exploration of the land’s bounty, ranging from tasting fresh local produce to engaging in farm-to-table cooking experiences and much more.
  • Tuaja Eco Resort: is an eco-conscious retreat for those seeking tranquility and relaxation away from life’s hustle, offering expansive relaxation spaces. It features experiences of meditative practices amidst water channels and stunning nature. Carefully designed health and beauty services are available, where treatments are carried out by a team of skilled specialists using natural products and innovative techniques for the best results. Moreover, the resort stands as a testament to the importance of sustainability and environmental preservation, striving to foster a robust culture of conserving the Kingdom’s resources and the diversity of its nature for future generations.
  • Tuaja Adventure Resort: is designed for those seeking adventures and outdoor activities suitable for all community members. The variety of activities is tailored to the unique nature of each targeted city, offering opportunities to explore the enchanting landscapes around Saudi Arabia in a fun, thrilling, and exciting way against a backdrop of stunning natural beauty.

Abdulrahman Abaalkhail, CEO of Dan Company, said: “With a vision to create rich and unforgettable experiences that connect guests to the Kingdom’s stunning natural landscapes, culture, and hospitality, Tuaja Luxury Resorts will introduce brand-new one-of-a-kind hospitality experiences, rooted in sustainability and setting a remarkable precedent in the region’s hospitality industry. Each resort is meticulously designed to offer unique and immersive experiential activities, promising a harmonious blend of luxury, nature, and unforgettable moments for our guests. Through a business model focused on cultural authenticity, sustainability, and community empowerment, we are creating an ecosystem that contributes to the Kingdom’s broader economic and tourism objectives.”

Tuaja’s first three resorts, operated by Hilton, will be in Al-Ahsa, a significant agricultural region in Saudi Arabia’s Eastern Province and UNESCO World Heritage site, which is home to Al-Ahsa Oasis — the largest date palm oasis in the world. With lush surroundings and homegrown farms at its doorstep, the 1.8 million square meter master development will create a premium farm-based tourism destination in the heart of Al-Ahsa.

Tuaja plans to open multiple resorts across different cities in Saudi Arabia by 2030, with each resort being inspired by the culture and heritage of the host city.


Nesma forms JV with MAN Enterprise for Diriyah project

Nesma forms JV with MAN Enterprise for Diriyah project
Updated 30 November 2024
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Nesma forms JV with MAN Enterprise for Diriyah project

Nesma forms JV with MAN Enterprise for Diriyah project

Nesma and Partners, a contracting company in Saudi Arabia, has announced a new joint venture with MAN Enterprise, a globally recognized construction and project management firm. This strategic partnership will drive forward the Diriyah project, a landmark development transforming the Diriyah district into a world-class destination, celebrating the rich history of Saudi Arabia.

The joint venture will strategically optimize resources, enabling the team to self-perform critical structural and finishing activities, significantly reducing reliance on subcontractors. Nesma and Partners, with its expertise in delivering large-scale megaprojects, brings a proven track record of impactful, high-quality projects. Combined with MAN Enterprise’s experience in high-end building construction, familiarity with Diriyah Company and their insights into local regulations and client needs, this collaboration will enhance the JV’s ability to achieve exceptional results.

This collaboration will bring to life critical components of the Diriyah projects, which offer a dynamic mix of entertainment, retail, education, business, and residential spaces, including hotels, dining options, and cultural attractions. This will enrich the Kingdom’s future by enhancing its global appeal and supporting economic growth.

Samer Abdul Samad, president and CEO of Nesma and Partners, said: “This joint venture is more than a partnership; it’s a shared commitment to bringing the Diriyah vision. Together, we will create a destination that not only honors the rich cultural heritage of Diriyah but also aligns with the objectives of the Kingdom’s Vision 2030, contributing significantly to the Kingdom’s transformation and its emerging role on the global stage.”

Diriyah, set to become the Kingdom’s “historic hub,” will showcase more than 300 years of history through a blend of heritage, culture, and modernity. The project will integrate world-class international brands with unique dining experiences and traditional local retail, making it a prime destination for Riyadh’s residents and international visitors alike. The districts of Diriyah will blend modern urbanist ideas with the historic Najdi architectural style, offering luxury hospitality experiences that reflect the rich cultural heritage of Diriyah and Wadi Hanifah. This aligns with the Kingdom’s goals to promote cultural preservation and tourism.

Patrick Abi Nader, CEO of MAN Enterprise, said: “Our partnership with Nesma and Partners embodies our shared commitment to quality and our strategic vision for the success of the Diriyah project. This collaboration unites our expertise, resources, and innovation, ensuring the project is executed to the highest standards and serves as a testament to our shared values.”


Lulu opens hypermarket in Al-Fakhriyah, Dammam; new stores coming up in Makkah, Madinah

Lulu opens hypermarket in Al-Fakhriyah, Dammam; new stores coming up in Makkah, Madinah
Updated 28 November 2024
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Lulu opens hypermarket in Al-Fakhriyah, Dammam; new stores coming up in Makkah, Madinah

Lulu opens hypermarket in Al-Fakhriyah, Dammam; new stores coming up in Makkah, Madinah

As part of its continuous expansion strategy in Saudi Arabia, Lulu Retail has opened its 57th store at Al Fakhriyah, Qutb Al-Din Al-Shafie Street, Dammam.

The hypermarket offers a modern and convenient shopping experience, featuring a curated selection of high-quality products, while staying true to the brand’s signature commitment to affordability and excellence.

The new Store was inaugurated by the chief guest, Eng. Fayez Bin Ali Al-Asmari, head of West Dammam Municipality, in the presence of dignitaries, including Shehim Muhammed, director of Lulu Saudi Hypermarkets; Moiz Nuruddin, regional director for Eastern Province; Eng. Mohammed Bu Bshait, executive manager of the Eastern Province;  Zaid Alsubaie, administration manager of Eastern Province; along with other senior officials from the company and the local community.

The new store, spread over 20000 square feet, features all the favorite shopping amenities that have made Lulu the fastest-growing retail chain across the Kingdom.

It provides ample parking space with a capacity for 181 vehicles. This ensures convenience for both local customers and travelers visiting the store.

The hypermarket is designed to efficiently meet the diverse needs of the community, offering everything from fresh groceries to household products.

Strategically located to serve both the local community and travelers passing through the bustling Bu-Hadriyah Road, Al-Fakhriyah store provides an ideal destination for those on the go.

Whether residents are seeking their everyday grocery needs or travelers are in search of a quick, reliable shopping experience, the new hypermarket is designed to meet diverse customer demands efficiently.

Designed with the local community in mind, Al-Fakhriyah store is compact yet fully equipped, offering a wide range of products across multiple categories.

Shoppers can find everything from groceries, fresh produce, and bakery items to meat, seafood, health and beauty products, small appliances, mobile phones and accessories, and home furnishings.

At the inauguration, Shehim Muhammed highlighted the importance of the new store in fulfilling the company’s vision of providing exceptional quality and value to customers across the Kingdom.

The director said: "The opening of Lulu Store in Al-Fakhriyah marks another significant milestone in our ongoing commitment to offering the best quality products at competitive prices. This store reaffirms our dedication to addressing the diverse needs of the local community and ensuring an enhanced shopping experience for our valued customers."

Al-Fakhriyah store also features convenient accessibility, making it the perfect stop for travelers on the busy Bu-Hadriyah Road, ensuring that customers, whether residents or passersby, are well-served.

Lulu continues to focus on expanding its presence in key locations across the Kingdom, further solidifying its position as a leader in the retail industry while meeting the growing demands of Saudi Arabia’s retail market.

The company is on track to open 100 stores in the Kingdom within the next three years.

Additionally, four new Lulu stores are set to open in the holy cities of Makkah and Madinah within the next two months.

Recently, Lulu began trading on ADX on November 14, following its record-breaking IPO.

The most significant aspect was the heavy pull-in of first-time investors, all of whom made up more than 82,000 retail investors, one of the highest recorded for a UAE IPO.

The stock offering raised $1.72 billion, with aggregate demand reaching $37 billion, resulting in an oversubscription of 25 times.

Cornerstone investors included leading sovereign and institutional investors from across the GCC.

Founded in 1974, Lulu Retail is the largest pan-GCC full-line retailer by selling space, sales, and number of stores, with a 50-year legacy as a homegrown brand.

Lulu operates more than 240 hypermarket, express, and mini-market stores across the six GCC countries, spanning over 1.3 million sq. m of total retail space.

It also maintains a growing e-commerce presence through its app, webstore, and partner channels.

To serve more than 600,000 shoppers from 130 nationalities every day, it sources products from 85 countries, supported by an on-the-ground sourcing presence in 19 countries.

The organization's strong brand recognition and trust among consumers in the GCC continue to drive the growth of its existing stores, expand its store network, and elevate loyalty across its customer base. 


ALJ Motors claims top honors at PR Arabia awards

ALJ Motors claims top honors at PR Arabia awards
Updated 27 November 2024
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ALJ Motors claims top honors at PR Arabia awards

ALJ Motors claims top honors at PR Arabia awards

Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, swept four awards at the 12th edition of the PR Arabia National Auto Award ceremony.

Under the patronage of the Saudi Automobile and Motorcycle Federation, the event was organized by PR Arabia on Nov. 13 at Jeddah Hilton. These awards honor outstanding achievements in the Saudi mobility sector and recognize leaders who set high standards in product quality, guest services, and innovation.

“Abdul Latif Jameel Motors’ achievement of four awards is a testament to its dedication to excellence and its commitment to meeting the guests’ evolving expectations across the Kingdom,” the company said in a statement.

Among the awards, the Best Car Distributor award stands as a notable recognition of Abdul Latif Jameel Motors’ deep-rooted commitment to guest satisfaction and maintaining industry-leading standards. “Over nearly seven decades, the company has not only earned the trust of guests across Saudi Arabia but has also set the bar high for innovation and service quality in the market.”

Additional awards included Best Reliable Car, which celebrated the Toyota Land Cruiser 70, for its enduring performance and reliability, solidifying its reputation as a trusted favorite among drivers throughout Saudi Arabia. In parallel, the iconic Toyota Prado, known for its versatility and superior off-road capabilities, was crowned in the Best Medium SUV category.

Furthermore, Jameel Motorsport was honored with the Best Motorsports Initiative award, highlighting Abdul Latif Jameel Motors’ significant contributions to advancing motorsport in Saudi Arabia. Jameel Motorsport has been playing a pivotal role in shaping the future of motorsport both within the Kingdom and on a global scale by providing support for high-profile sporting events and actively engaging in the discovery and cultivation of promising young talent.

Mazin Ghazi Jameel, managing director of Toyota marketing operations, Abdul Latif Jameel Motors, said: “Over the years, Abdul Latif Jameel Motors has become synonymous with reliability and trust in the Saudi mobility sector. Our journey has always been about fostering trust, reliability, and excellence in every interaction and service we offer. These awards reaffirm our commitment to delivering top-quality vehicles and exceptional experiences, as well as empowering local talent within Saudi Arabia’s dynamic mobility landscape.”

Munir Khoja, managing director of Jameel Motorsport and marketing communications at Abdul Latif Jameel Motors, said: “For almost three decades, we’ve been driven by a vision to uplift the motorsport sector in Saudi Arabia and cultivate a vibrant ecosystem that inspires passion, innovation, and ambition among future generations. This support also extends to esports, which we see as an essential part of the future of motorsport in the Kingdom. We are proud to be at the forefront of this journey, empowering young talent and championing motorsport excellence.” 

This award reflects our commitment to pushing boundaries, supporting Saudi Arabia’s dynamic motorsport community, and setting new standards in the industry.”

Established in 2012, the PR Arabia National Auto Award celebrates the achievements and innovations that define the mobility sector, setting a standard that highlights the best practices and contributions that elevate service and quality in the market.


stc champions youth initiatives at Misk Global Forum

stc champions youth initiatives at Misk Global Forum
Updated 27 November 2024
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stc champions youth initiatives at Misk Global Forum

stc champions youth initiatives at Misk Global Forum

stc Group participated in the Misk Global Forum, the region’s largest youth forum. As the event’s official digital enabler, stc Group showcased the inspireU business accelerator, which supports digital startups across the Kingdom, and the impactU social accelerator, which incubates digital startups focusing on key areas relating to Saudi Arabia’s sustainability.

The Misk Global Forum, an annual flagship event hosted by Misk Foundation — a nonprofit organization established by Crown Prince Mohammed bin Salman, is dedicated to empowering and connecting young leaders, innovators, and entrepreneurs globally. Taking place in Riyadh at Malfa Hall on Nov. 18 and 19, the forum brought together more than 150,000 attendees to collaborate and activate positive global change through innovation. This year’s theme, “By Youth, For Youth,” highlighted the importance of youth-led initiatives, showcasing how young people can motivate and support one another to drive growth and innovation.

This year, stc Group featured a dedicated space for inspireU, the stc Group business accelerator, which offers support to select high-potential digital startups with resources and mentorship in their early stages of establishment.

stc Group also spotlighted their social accelerator, impactU. The program offers training and mentorship to entrepreneurs that align with stc’s Sustainable Development Goals. impactU brings more than 40 mentors to train 15 incubated digital startups selected from a competitive application process, offering successful candidates a financial grant of up to SR100,000 ($26,640), free access to services from stc’s partners, as well as the opportunity to attend workshops and exhibitions.

Together, impactU and inspireU highlight stc Group’s commitment to sustainable innovation and entrepreneurship in Saudi Arabia.

The Misk Global Forum has provided a platform for vibrant discussions, the exchange of ideas, and networking opportunities across a range of industries to nurture potential and activate innovation among the youth of Saudi Arabia. stc Group’s strategic partnership as the digital enabler of the forum underscores the group’s commitment to powering youth initiatives to support the Kingdom’s digital transformation in line with Vision 2030 objectives.