Tag Archives: US$2billion

Diriyah announced over SAR7.8 billion ($2 billion) mixed -use development in northern region. It involves the construction of advanced educational institutions, cultural venues, modern offices, and a luxury hotel. Diriyah Company announced the signing of a contract with El Seif Engineering Contracting Co. Ltd (ESEC), in partnership with China State Construction Engineering Corporation Limited (CSCEC), for a large-scale construction project in the northern part of Diriyah. The project will be executed by some of the most prominent real-estate developers from Saudi Arabia and around the world, contributing to the realization of the Diriyah Company, which represents one of the most important historical and cultural destinations in the Kingdom and a key project of Saudi Vision 2030. The agreement was signed by Diriyah Company Group chief executive Jerry Inzerillo, ESEC chief executive Eng. Ahmed Al Bassam, and CSCEC’s KSA Branch chief executive Chuanhai Wei. Construction work is set to commence in the third quarter of this year. “This represents a major step in our accelerating development strategy and commitment to making Diriyah one of the most important and prominent tourist, humanitarian, and cultural destinations in the world,” Inzerillo said. “This contract is one of the largest in terms of size, scope, and significance within the development plan for the Diriyah project. This agreement also represents another example of the close economic relations and strong commercial partnerships being established between Saudi Arabia and China,” the chief executive said. The agreement is a testament to the local and global stature of the Diriyah project and its ability to attract more economic opportunities to the Kingdom. The project offers tremendous investment opportunities and an attractive business environment characterized by the highest standards of governance, …

Priding itself on a brand promise of ‘Fly Better’, Emirates is investing over US$ 2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting in 2022. Sir Tim Clark, President Emirates Airline said: “While others respond to industry pressures with cost cuts, Emirates is flying against the grain and investing to deliver ever better experiences to our customers. Through the pandemic we’ve continued to launch new services and initiatives to ensure our customers travel with the assurance and ease, including digital initiatives to improve customer experiences on the ground. Now we’re rolling out a series of intensive programmes to take Emirates’ signature inflight experiences to the next level.” Some of Emirates’ latest initiatives include: elevated meal choices, a brand new vegan menu, a ‘cinema in the sky’ experience, cabin interior upgrades, sustainable choices and a generous approach to the little touches that make travel memorable. Starting from August, Emirates’ passengers can look forward to: New Inspirations, New Menus:  An award-winning team of chefs, a world-class catering team and a wide variety of suppliers have been assembled to design and deliver the best fine dining experience in the sky. New menus will be served on select Emirates routes in First Class, featuring dishes such as pan-fried salmon trout with moqueca sauce and creole rice, roasted duck breast with orange thyme jus, steamed broccolini and fondant potatoes. New menus will also be introduced to Business and Economy on the 1st of September. Purposefully Vegan Choices: Emirates’ new vegan menu is carefully curated to cater to the growing numbers of customers …