IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with an investment fund managed by SEDCO Capital, a global multi-asset management and advisory firm, to launch Hotel Indigo Grand Square Jeddah. The 150-key lifestyle hotel marks the first collaboration between the global hospitality group and the Saudi real estate investment fund. Hotel Indigo Grand Square Jeddah will form a central component of the Grand Square mixed-use development on King Abdulaziz Road in Jeddah. The project is being developed through a strategic partnership via the fund, which brings together Ajdan Real Estate Development Company, MASIC Investment Company, and SEDCO Capital. It aims to introduce a new model of contemporary living in Jeddah by integrating hospitality, retail, and office spaces within one destination.

As Saudi Arabia sets its sights on creating a modern, thriving society through the goals outlined in its Vision 2030 roadmap, EDITION Hotels debuts in Jeddah, serving as a testament to this commitment of transformation. By capturing the vibrant spirit and unique character of Jeddah, EDITION Hotels is not just opening its first property in the region but introducing a category-defining concept that aligns seamlessly with the aspirations of the Kingdom’s manifesto for change.

Jeddah Historic District launches the restoration and regeneration of three historic properties in Al Balad into luxury hotels, an area of great historical and cultural significance on the West Coast of the Kingdom of Saudi Arabia, with UNESCO heritage protection.

Saudia, the national flag carrier of Saudi Arabia, revealed its new brand identity and livery during a milestone event in Jeddah, in the presence of Royal Highnesses, Excellencies and leaders from both the public and private sectors, as well as prominent media correspondents and aviation experts.

In terms of visitor numbers, Saudi Arabia’s tourism industry remains bigger than Dubai’s. In the first quarter of this year, the Kingdom had 7.8 million tourists, while Dubai had 4.7 million.

Islamic Development Bank (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, and Minister of Economy and Finance of the Republic of Benin who is also Chairman of IsDB Board of Governors, H.E. Romuald Wadagni,  addressed the media during a press conference held as part of the 2023 Annual Meetings of the IsDB Group taking place in Jeddah, Kingdom of Saudi Arabia, from 10-13 May.