Samana - Golf Avenue

Developer starts construction on $27m wellness-themed project

Samana Developers says its Golf Avenue project aims to contribute to Dubai 2040 New Urban Masterplan. Samana Developers on Tuesday broke ground on a AED100 million wellness-themed residential project at Dubai Studio City, a free zone designed for film and creative productions. The developer said its Golf Avenue project aims to contribute to Dubai 2040 New Urban Masterplan which focuses on health, sustainability and enhanced quality of life. Samana Developers said it has announced the appointment of Prestige Constructions, a UAE-based contracting company which has started the construction works…. ….…

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Jeddah skyline Saudi Arabia

Saudi Arabia launches new $530m fund to develop tourism destinations

Tourism Development Fund and Riyad Bank unveil Tourism Partners program to provide financing for projects. Saudi Arabia’s Tourism Development Fund (TDF), in partnership with Riyad Bank, has launched the Tourism Partners program, allocating a funding capital of up to SR2 billion to enable the development of the kingdom’s key destinations. The program is a first of its kind where public and private sector work collaboratively against individual performance indicators on each side, ensuring the highest standards of governance to achieve the objectives of the program, a statement said. TDF introduced…

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Reel Cinemas

Emaar Entertainment plans $270m Reel Cinemas roll-out in Saudi Arabia

UAE-based company plans more than 20 venues in the Gulf kingdom after securing licence. Emaar Entertainment UAE and Saudi-based GOSI Investment Ventures have announced a partnership to expand the Reel Cinemas brand in Saudi Arabia. The announcement comes as the General Authority for Audio-Visual Media delivered the 11th licence to Emaar Entertainment Saudi to operate Reel Cinemas in the kingdom. The first venue will open in Riyadh in December, a statement said. It added that the partnership plans an aggressive expansion into the kingdom’s entertainment market, with 20 venues opening within the…

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