Hilton to operate 3 new resorts in UNESCO World Heritage Site Al-Ahsa 

Abdulrahman Abaalkhail, CEO of Dan Company, and Chris Nassetta, President and CEO, Hilton. Supplied
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Updated 04 March 2024
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Hilton to operate 3 new resorts in UNESCO World Heritage Site Al-Ahsa 

RIYADH: Saudi Arabia’s UNESCO World Heritage site, Al-Ahsa, is set to provide an enhanced hospitality experience as Hilton introduces three new resorts, establishing a farm-focused tourism hub. 

The global hotel operator and Dan Co., a Public Investment Fund company specializing in agritourism, ecotourism, and adventure tourism, have jointly announced the signing of an agreement.  

As part of the deal, Hilton will operate three resorts in the region: Al-Ahsa Agritourism Resort under LXR Hotels & Resorts, Al-Ahsa Eco Resort, and Al-Ahsa Adventure Resort, all part of the Curio Collection by Hilton. 

Covering 1.8 million sq. m., the master development in Al-Ahsa aims to establish a farm-focused tourism hub amid green landscapes and local farms, offering visitors a chance to connect with nature and enjoy a variety of experiences. 

Al-Ahsa, a significant agricultural region in Saudi Arabia’s Eastern Province, is home to Al-Ahsa Oasis, the largest date palm oasis in the world.

Chris Nassetta, president, and CEO of Hilton, said the three new hotels further expands the company’s footprint in Saudi Arabia, where it plans “to quadruple their portfolio.”  

He said: “Al-Ahsa is one of the key regions identified under the National Tourism Strategy of Saudi Arabia, and we are pleased to bring Hilton’s renowned hospitality brands to this unique new tourism development in the country.” 

Each resort will offer a unique experience: luxury at LXR Hotels & Resorts Agritourism Resort, wellness at Curio Collection by Hilton Eco Resort, and outdoor adventure at Curio Collection by Hilton Adventure Resort, according to a press release. 

The central activation area, available to guests and the public, will feature a nature garden, amphitheater, dining and retail options, as well as a farmers’ market, and multi-purpose spaces for local agricultural vendors and retailers. 

Abdulrahman Abaalkhail, CEO of Dan Co., said that the collaboration with Hilton to operate the initial three resorts in Al-Ahsa will combine Hilton’s world-class hospitality with the scenic landscapes of the region. 

“This part of Saudi Arabia offers unique experiences rich in cultural and natural beauty yet underrepresented in the current tourism landscape. This delivers on our strategy to establish a Saudi homegrown hospitality brand with a pioneering heritage-inspired fusion of agricultural, eco, and adventure experience resorts, nestled in nature, setting a remarkable precedent in Saudi Arabia’s hospitality industry,” he said.  

Abaalkhail added that their business approach is intertwined with promoting cultural authenticity, sustainability, and empowering local communities. This strategy not only nurtures an inclusive ecosystem but also plays a pivotal role in advancing the Kingdom's overarching economic and tourism aspirations.   

The release further added that the resorts will be easily accessible via main roads, with Riyadh, Dammam, Khobar, Jubail, Bahrain, and Qatar within a one-and-a-half to three-and-a-half-hour drive away.   


Two Saudi cybersecurity firms plan Tadawul listings within two years 

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Two Saudi cybersecurity firms plan Tadawul listings within two years 

RIYADH: Two Saudi cybersecurity companies, Cyber and Infratech, plan to list a portion of their shares on the Saudi Stock Exchange, or Tadawul, between 2026 and 2027, according to the companies’ chairmen, who spoke to Al-Eqtisadiah. 

Abdulrahman Al-Kenani, founder and CEO of Cyber, said: “The company is currently planning to acquire certain entities, which will be disclosed in the coming period, in addition to preparing for a public offering through the Tumooh program on the stock market within the next two years at the latest.” 

Al-Kenani explained that the financial, healthcare and services sectors are witnessing continuous cyberattacks as Saudi Arabia expands its digital transformation, accompanied by a rise in the frequency of such incidents. He added that this phenomenon is not limited to the Kingdom but is a global issue. 

The CEO added: “The company is working with several Saudi airports and vital sectors, in addition to collaborating with major international companies to provide cutting-edge cybersecurity solutions.” 

Infratech plans 4 R&D centers abroad 

Ayman Al-Suhaim, CEO of Infratech, stated: “The size of the information technology and cybersecurity market in Saudi Arabia has reached approximately SR87 billion ($23.2 billion), of which SR15.7 billion are allocated to the cybersecurity sector. This includes consulting, managed services, governance, risk management, and cybersecurity within the industrial sector.” 

He said the company has a strategic plan covering the period from 2026 to 2028, which includes establishing a firm in the first quarter of next year to finance cybersecurity and artificial intelligence products, as well as launching four research and development centers in the US, Russia, China and Eastern Europe. 

The plan also includes investment in cloud storage, overseas ventures, and the expansion of operations and investments in data centers. 

Al-Suhaim said the company intends to go public in 2027, noting that it operates across multiple cybersecurity domains serving sectors including energy, defense, aviation and government services. 

The Tumooh program for small and medium-sized enterprises in Saudi Arabia is one of the support initiatives offered by the General Authority for Small and Medium Enterprises, or Monsha’at. It aims to drive SME growth by strengthening capabilities, improving performance and accelerating expansion. 

The initiative seeks to help fast-growing SMEs prepare for initial public offerings in the financial markets. To date, the program has facilitated the listing of 24 companies on the Nomu Parallel Market out of more than 2,500 firms registered under the scheme.