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Investor Relations
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FinancialNews
22-02-18
UAE, Saudi Arabia to boost ties in business, trade
(MENAFN) UAE and Saudi Arabian companies were confirmed to be moving ahead with boosting their ties in trade and business matters.
Business and trade relations between the UAE and Saudi Arabia is usually centered on non-oil sectors, including real estate and tourism, despite both having a prominent status considering oil supplies.
Dubai's Rove Hotels have constructed its first hotel in King Abdullah Economic City's (KAEC) Bay La Sun waterfront district in Saudi Arabia, allowing for an expansion to improve relations.
Emaar Hospitality Group's CEO Olivier Harnisch commented "the expansion complements the goals of the Saudi Vision 2030 to drive economic diversification with tourism development as a strategic growth area."
MENAFN2202201800450000ID1096496238
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