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Saudi Arabia to launch tourism portal to rival major OTAs
Reading Time: 2 minutesKSA: Saudi Arabia is set to launch its own property rental portal to take on major global marketplaces such as Airbnb, after a new tourism law was approved in the Kingdom this week.
Mabaat secures $2.4m in seed funding round
Reading Time: 2 minutesKSA: Jeddah-based property management company Mabaat has announced that it has secured SR9 million [$2.4 million] in a seed funding round led by Dubai-based venture capital fund Derayah Ventures. The company, which was established in 2019, was only officially licensed by the Ministry of Tourism in Saudi Arabia in November 2020, but it marked a significant […]
Mabaat launches first-of-its-kind platform in Saudi Arabia
Reading Time: 2 minutesSaudi Arabia: Jeddah-based property management company Mabaat Real Estate Company has launched a “first-of-its-kind” online platform in the Kingdom of Saudi Arabia, which will specialise in renting out residential units on behalf of owners on a short-term basis. The company, which was established in 2019, has now been officially licensed by the Ministry of Tourism […]