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UAE and Saudi Arabia travel trends to boost GCC tourism
Reading Time: 3 minutesUAE: Al Rais Travel, the official DMC partner of Arabian Travel Market [ATM], has highlighted the latest trends supporting the growth of the tourism industry in the United Arab Emirates [UAE], Saudi Arabia and the rest of the GCC [Gulf Cooperation Council].
Unified tourist visa to drive demand in GCC member states
Reading Time: 2 minutesGCC: Member states in the GCC [Gulf Cooperation Council] have agreed to roll out a unified tourist visa, which is set to fuel a spike in short-term rental demand across the region.
Saudi Crown Prince backs mountain tourism destination project
Reading Time: 3 minutesKSA: A masterplan to develop the mountainous area of Al Soudah and parts of Rijal Almaa in southwestern Saudi Arabia into a luxury tourism destination has been unveiled by the Saudi Crown Prince
Habitas clinches $400m for ‘hotel circuits’ in Saudi Arabia
Reading Time: 2 minutesKSA: Habitas, a luxury hotel brand, experiential travel lodging and experiences company, has received US$400 million [1.5 billion riyal] from the Saudi government and investment community as the Kingdom builds up its travel and tourism industry.
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.
Luxury Explorers’ Collection expands into Saudi Arabia
Reading Time: 2 minutesDubai / KSA: Dubai-based premium holiday home platform Luxury Explorers’ Collection has announced that it is expanding its footprint into Saudi Arabia.
Saudi marketplace Gathern closes pre-Series B round
Reading Time: 2 minutesKSA: Jeddah-based peer-to-peer vacation rental marketplace Gathern has announced the closing of a pre-Series B investment round.
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 […]
Gathern raises $6m in landmark Series A funding round
Reading Time: 2 minutesKSR: Jeddah-based vacation rental marketplace Gathern has announced that it has raised $6 million [SR22 million] in Series A funding to fuel its domestic expansion. The round was led by Saudi venture capital firm STV, with participation from existing investors in the shape of Vision Ventures, 500 Startups, Naef Sultan AlAthel, and ARG Limited. It […]
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 […]