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Al-Ula Development Company
Al-Ula Development Company (UDC; ) is a Hospitality industry, hospitality and real estate development company based in Al-Ula, Saudi Arabia. The company was founded in January 2023 by the Public Investment Fund as part of Saudi Vision 2030. The company aims to transform Al-Ula into a global tourist destination. History UDC was officially launched by the Public Investment Fund in January 30, 2021 as part of Saudi Vision 2030 plan to diversify the Economy of Saudi Arabia, Saudi Economy away from oil. UDC, in collaboration with the Royal Commission for Al-Ula, aim to turn Al-Ula into a global tourist destination. In September 13, 2023, signed an agreement with Marriott International to open a 250-key hotel in Al-Ula. The hotel is set to open in 2025. In October 30, 2023, UDC signed an agreement with Six Senses to open a hotel in Al-Ula. The hotel features 100 guest villas and 25 residences. The hotel is expected to be completed in 2027. Assets As of March 2024, there are 5 opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriott International
Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 hotel and timeshare brands with 9,000 locations and 1,597,380 rooms across its network (as of 2023). Marriott International is headquartered in Bethesda, Maryland. The company is the successor to the hospitality division of the Marriott Corporation, founded by J. Willard Marriott (1900–1985) and his wife Alice Marriott (1907–2000). Profile Marriott International is the largest hotel company in the world by the number of available rooms. It has 36 brands with 9,361 properties containing 1,706,331 rooms in 144 countries and territories. Of these 9,361 properties 1,981 are managed but not owned by Marriott, 7,192 are owned and managed by independent hospitality companies under franchise agreements with Marriott, and 51 are both owned and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeddah Central Development Company
Jeddah Central Development Company (JCDC; ) is an urban and real estate development company based in Jeddah, Saudi Arabia. The company was founded in December 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. JCDC is owned by the Public Investment Fund. The company is responsible for the development of the $20 billion Jeddah Central project. History JCDC was officially launched by Mohammed bin Salman on 17 December 2021 as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. Projects Jeddah Central In September 2023, Jeddah Central Development Company launched Jeddah Central, a $20 billion project to develop central Jeddah. The project spans over an area of 5.7 km2 and includes 4 main landmarks, which are: a stadium, museum, oceanarium and opera house. The stadium is expected to host both 2027 AFC Asian Cup and 2034 FIFA World Cup. See also * List of Saudi Vision 2030 Projects * Saudi Vision 2030 * Al Balad Development Compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soudah Development Company
Soudah Development Company (SDC; ) is a real estate development company based in Riyadh, Saudi Arabia. The company was founded in February 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. SDC is owned by the Public Investment Fund. The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks. History SDC was officially launched by Mohammed bin Salman in February 24, 2021, as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. Projects Soudah Peaks In September 2023, Soudah Development Company launched Soudah Peaks, a mountain tourism destination built on Jabal Soudah, Saudi Arabia's highest peak at a height of 3,015 m. The project consists of 6 different regions, including Rijal Almaa Heritage Village. See also * List of Saudi Vision 2030 Projects * Jabal Soudah * Al Balad Development Company * Jeddah Central Development Company * Al-Ula Development Company Al-Ula Development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Balad Development Company
Al Balad Development Company (BDC; ) is a hospitality and tourism company based in Jeddah, Saudi Arabia. The company was founded in October 2023 by the Public Investment Fund as part of Saudi Vision 2030. BDC aims to transform Al Balad Historic District into a global tourist destination. History BDC was officially launched by the Public Investment Fund on 3 October 2023 as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. In May 2024, Jeddah Historic District Program announced the restoration of 3 historical houses, which are the Jokhdar House, Al-Rayyis House, and Kedwan House, and turning them into luxury hotels. The restoration was supervised by the ministry of culture, which assigned Al Balad Development Company to manage the hotels. See also * Saudi Vision 2030 * List of World Heritage Sites in Saudi Arabia * List of Saudi Vision 2030 Projects * Jeddah Central Development Company * Soudah Development Company * Al-Ula Development Company A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banyan Tree AlUla
Banyan Tree AlUla is a luxury resort hotel located in Wadi Ashar, Al-'Ula, Saudi Arabia. The hotel opened in October 2022, with Mariah Carey performing at its opening ceremony. It consists of 79 luxury tents in the desert. The resort features an infinity pool. References {{Reflist Hotels in Saudi Arabia 2022 establishments in Saudi Arabia Hotels established in 2022 Medina Province (Saudi Arabia) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Habitas
Habitas (stylized all caps HABITAS) is a hospitality management group. It operates hotels with its flagship location in Tulum, Mexico. In addition to its flagship hotel in Tulum, it is building other hotel properties throughout Mexico and Namibia. History Habitas was founded in 2014 by Oliver Ripley, Kfir Levy and Eduardo Castillo. The idea of the company was to produce events that brought people together and share interests such as music, food, and art. Its first event was a 24-hour gathering for 150 people on a private ranch near Los Angeles, California Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, .... Habitas produced additional retreats for people in Nevada, Tulum, Ibiza, and California. The success of the events led to the idea of building a hotel based on the same retreat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Commission For Al-Ula
Royal Commission for al-Ula (RCU; ) is a Saudi commission established in July 2017 to preserve and develop the 2,000-year-old archaeological and historical site of al-Ula north-western Saudi Arabia. Importance of al-Ula Al-Ula is the home of The Archaeological Site of Hegra ( Madâin Sâlih), the largest conserved site of the civilization of the Nabataeans which is the first UNESCO World Heritage property to be inscribed in Saudi Arabia. Development On April 10, 2018, an agreement of cooperation was signed between Saudi Arabia and France to develop the site and transform it to a cultural site with the purpose to open the site to the regional and international visitors. the major components of the agreement were associated with the cultural, heritage, natural, tourism, human and economic development of al-Ula and including preservation and planning of the archaeological and architectural heritage. Part of the developments is the plan to open a 22.4 km long touristic tramline ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hospitality Industry
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, restaurants, nightclubs, and bars. Sectors According to the Cambridge Business English Dictionary the "hospitality industry" consists of hotels and food service, equivalent to NAICS code 72, "Accommodation and Food Service". Definition in the United States In 2020, the United States Department of Labor Standard Industrial Classification (SIC) defines the hospitality industry more broadly, including: * 701 Hotels and Motels, including auto courts, bed and breakfast inns, cabins and cottages, casino hotels, hostels, hotels (except residential ones), inns furnishing food and lodging, motels, recreational hotels, resort hotels, seasonal hotels, ski lodges and resorts, tourist cabins and tourist courts * 704 Organization Hotels and Lodging Houses, On a Membership Basis * 58 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Saudi Arabia
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts for approximately 30% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC. In 2016, the Saudi government launched its Saudi Vision 2030 program to reduce its dependency on oil and diversify its economic resources. By 2022, Saudi Arabia had only modestly reduced its dependence on oil. Monetary policy in Saudi Arabia is anchored by the fixed exchange rate of the Saudi Riyal to the U.S. Dollar. Nearly every maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
