Traditional residency-by-investment programs do not always offer investors the desired freedom and advantages. First, residency permits are sometimes only valid for 1-2 years. Second, these permits often do not confer true global freedom of movement or the opportunity to secure a strong second citizenship. Third, investor programs are often plagued by bureaucracy, complex documentation requirements, and lengthy processing times.

Midad Real Estate has signed a strategic investment and development agreement with Diriyah Company to co-develop Four Seasons Hotel and Private Residences Diriyah on a 235,938-square-meter site in Diriyah, the City of Earth and the Kingdom’s historic and cultural landmark. The signing ceremony was attended by His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia, Jerry Inzerillo, Group CEO Diriyah Company, Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, and a number of executives.

HALO Space, a global pioneer in near-space tourism, has unveiled an ambitious 10-year roadmap to make commercial near-space flights a reality—beginning with the first-ever launches from Saudi Arabia. The announcement was made at the inaugural TOURISE Summit in Riyadh, a global platform redefining the future of tourism through innovation and cross-sector collaboration.

In a pivotal discussion, H.H. Princess Sara bint Salman Al‑Saudi Al‑Saud and Mr. AlHamdan outlined how Saudi Arabia is stepping into the global tourism spotlight by hosting the 26th UN Tourism General Assembly in Riyadh (7-11 November 2025) — coinciding with the 50th anniversary of the UN tourism body. They emphasised Saudi’s intent to leverage this milestone to showcase its transformation under Vision 2030, and to set a new course for the industry under the theme “AI-Powered Tourism: Redefining the Future.” The roundtable highlighted three core areas of focus: deepening international collaboration across 160+ member states; embedding artificial intelligence and sustainable innovation into the travel ecosystem; and using the event as a platform to accelerate Saudi’s role as a global tourism hub and model of responsible growth.

CIMC Modular Building Systems (MBS), a global leader in modular construction, has signed a landmark agreement to deliver the Earth Riyadh Hotel in Saudi Arabia. As the company’s first hospitality project in the region, this milestone reinforces CIMC MBS’s commitment to advancing sustainable building practices and offering innovative solutions to the global hospitality sector.