NEOM to Launch First Hotel in 2022

Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
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NEOM to Launch First Hotel in 2022

Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)
Saudi Arabia conclude its participation in the Arabian Travel Market exhibition in Dubai. (Asharq Al-Awsat)

Saudi Arabia’s NEOM is planning to launch its first hotel by the end of 2022, and it will open up to 15 hotels between 2023 and 2025, before ramping up the pace to reach 30 hotels annually.

Head of Tourism at NEOM Andrew McEvoy said that talks were held with big five brands, IHG, Hilton, Accor, and others.

Speaking to the media on the sidelines of the Arabian Travel Market 2021 held in Dubai, McEvoy added that the expected initial number of visitors next year ranges between 20,000 and 50,000, indicating that Neom is targeting about one million visitors by 2025, and 5 million by 2030.

He revealed that ten of NEOM's 39 islands are being developed and will be delivered on time.

Meanwhile, the General Authority for Civil Aviation (GACA) concluded its participation in the 28th edition of the Arabian Travel Market that was held at the Dubai International Convention and Exhibition Center between May 16 and 19 under the slogan "The setting of a new dawn for travel and tourism."

The Kingdom's pavilion was set up by the Saudi Tourism Authority. GACA’s participation in the event highlighted its achievements in civil aviation and the mega projects that it has completed and is currently undertaking.

The Authority’s participation highlights future projects to develop airports and confirms the excellence of civil aviation in Saudi Arabia in light of the expansion in the region, ranging from the construction and development of airports to its acquiring of its share of the aviation market.

At Arabian Travel Market, GACA sought to highlight its efforts in contributing to the improvement of the civil aviation sector. It was also an opportunity to confirm the vital role that it plays in the aviation industry in the region and world.

It also wants to strengthen strategic relations between the concerned authorities in the aviation sector and specialists in the global travel and tourism industry, in addition to introducing visitors from all over the world to GACA’s efforts in the Kingdom.

Saudi Arabia’s participation at the Dubai event, represented by the Saudi Tourism Authority, sought to introduce travel and Arab and international tourism experts to the development of the industry in the Kingdom and the major projects that are underway.

The development enjoys the support of the Kingdom’s leadership in line with its Vision 2030 and as it turns its attention to this vital industry.



Saudi Arabia, Mauritania Partnership Aims to Produce 14 Mln Tons of Iron Annually

Mauritania’s Ambassador to Saudi Arabia Moktar Ould Dahi. (Asharq Al-Awsat)
Mauritania’s Ambassador to Saudi Arabia Moktar Ould Dahi. (Asharq Al-Awsat)
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Saudi Arabia, Mauritania Partnership Aims to Produce 14 Mln Tons of Iron Annually

Mauritania’s Ambassador to Saudi Arabia Moktar Ould Dahi. (Asharq Al-Awsat)
Mauritania’s Ambassador to Saudi Arabia Moktar Ould Dahi. (Asharq Al-Awsat)

Mauritania and Saudi Arabia are working to launch a strategic iron mining partnership as part of efforts to expand economic cooperation and boost mutual investments, Mauritania’s ambassador to Riyadh said.

Ambassador Moktar Ould Dahi told Asharq Al-Awsat that the project involves creating “Takamul,” a joint venture between Mauritania’s state-owned mining firm and Saudi Arabia’s Hadeed.

The company, now in the funding stage, would develop an iron ore mine in Mauritania with an annual output target of 12-14 million tons.

The initiative follows a June meeting in Makkah between Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and Mauritanian President Mohamed Ould Cheikh El Ghazouani.

Ould Dahi said trade between the two nations is set to gain momentum, with plans to improve direct transport links to overcome logistical challenges caused by distance and the lack of a direct shipping route.

Saudi investment in Mauritania has risen in recent years, particularly in small and medium-sized enterprises in agriculture and manufacturing. A joint Saudi-Mauritanian business council has been formed to spur private sector partnerships, he added.

Saudi Arabia and Islamic development institutions are major financiers of Mauritanian projects, the envoy said. The Saudi Fund for Development currently has $340 million in active financing, including the King Salman Hospital in Nouakchott and a water supply project for Kiffa.

The Islamic Development Bank has $315 million allocated for projects such as the Atar-Chinguetti road and a specialist maternity and children’s hospital.

Mauritania offers “attractive reserves” in multiple sectors, Ould Dahi said, listing high-grade deposits of iron ore, gold, copper, uranium, phosphates and cobalt; significant confirmed gas reserves with more expected; rich fisheries; strong green hydrogen potential; and hundreds of thousands of hectares of fertile, undeveloped farmland along the Senegal River.

He expects these opportunities to translate into new Saudi-Mauritanian ventures soon, noting growing interest from Saudi public and private investors.

“Mauritania-Saudi relations are at their best,” Ould Dahi said, citing regular high-level consultations, a formal joint cooperation committee and strong Saudi backing for Mauritania in Arab, Islamic and international development forums.

He credited Saudi Arabia for decades of support since Mauritania’s independence, funding key infrastructure from roads, water systems and dams to power, schools and hospitals.