Red Sea

Four Seasons and Midad Real Estate Announce Plans for Hotel and Private Residences in Jeddah's Corniche District

Retrieved on: 
Wednesday, November 9, 2022

TORONTO, Nov. 9, 2022 /PRNewswire/ -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, announces plans to expand its presence in the Middle East alongside Saudi-based investment firm Midad Real Estate. Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024.

Key Points: 
  • Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024.
  • We look forward to partnering with Midad Real Estate to establish Four Seasons Jeddah at the Corniche as a primary gateway to all New Jeddah Corniche has to offer."
  • Four Seasons Hotel and Private Residences Jeddah at the Corniche will include 269 luxuriously appointed guest rooms and suites, 21 serviced apartments for short and long-term stays and 64 Private Residences including two penthouses.
  • Four Seasons Hotel and Private Residences Jeddah at the Corniche will join Four Seasons growing collection of properties in the Kingdom of Saudi Arabia, including Four Seasons Hotel Riyadh at Kingdom Centre , the upcoming Four Seasons Hotel Diriyah , and a collection of projects soon to be announced.

Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round

Retrieved on: 
Tuesday, November 1, 2022

BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.

Key Points: 
  • BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.
  • Crucially, Volocopter's holistic UAM ecosystem approach connects all key global market players as it strives to get the industry off the ground.
  • This is the key requirement to launching commercial operations and starting to generate revenue," said Dirk Hoke, CEO of Volocopter.
  • With many interested companies having passed the due diligence phase, Volocopter's Series E funding round remains open.

Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round

Retrieved on: 
Tuesday, November 1, 2022

BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.

Key Points: 
  • BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.
  • Crucially, Volocopter's holistic UAM ecosystem approach connects all key global market players as it strives to get the industry off the ground.
  • This is the key requirement to launching commercial operations and starting to generate revenue," said Dirk Hoke, CEO of Volocopter.
  • With many interested companies having passed the due diligence phase, Volocopter's Series E funding round remains open.

Overseas Adventure Travel Adds Single Cabins with No Single Supplement on 2023 Small Ships

Retrieved on: 
Thursday, October 27, 2022

BOSTON, Oct. 27, 2022 /PRNewswire/ -- Overseas Adventure Travel (O.A.T.), the leader in personalized small group and solo travel, announced that it has added more single cabins with free single supplements for January to December 2023 departures of select Small Ship Adventures.

Key Points: 
  • , theleaderin personalized small group and solo travel, announced that it has added more single cabins with free single supplements for January to December 2023 departures of select Small Ship Adventures.
  • "More single cabins and free single supplements mean more solo travelers can travel," said Brian FitzGerald, O.A.T.
  • "By adding more single cabins with free single supplements, we hope more solo travelers will be able to afford travel to faraway places,"said Brian FitzGerald, CEO of O.A.T.
  • "We invite travelers to travel solobut never alonethen after a day of adventure, relax and recharge in their own cabin."

Banyan Tree AlUla Welcomes Guests To A Moment A Million Years In The Making

Retrieved on: 
Monday, October 24, 2022

'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.

Key Points: 
  • 'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.
  • We wanted to create an escape where guests could truly immerse themselves in the destination while enjoying the Banyan Tree hospitality.
  • Guests can also enjoy the resort's infinity rock pool, the renowned Banyan Tree Spa, and two fine-dining outlets, including Banyan Tree's signature Thai restaurant, Saffron.
  • The Group is recognised for its commitment to environmental protection and community development through its Banyan Tree Global Foundation.

Banyan Tree AlUla Welcomes Guests To A Moment A Million Years In The Making

Retrieved on: 
Monday, October 24, 2022

'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.

Key Points: 
  • 'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.
  • We wanted to create an escape where guests could truly immerse themselves in the destination while enjoying the Banyan Tree hospitality.
  • Guests can also enjoy the resort's infinity rock pool, the renowned Banyan Tree Spa, and two fine-dining outlets, including Banyan Tree's signature Thai restaurant, Saffron.
  • The Group is recognised for its commitment to environmental protection and community development through its Banyan Tree Global Foundation.

Crystal Lagoons Become the Gold Standard Amenity for Egyptian Real Estate Projects

Retrieved on: 
Monday, October 24, 2022

MIAMI, Oct. 24, 2022 /PRNewswire/ --Egypt has become the most successful market for Crystal Lagoons in the MENA market with over 31 projects at different stages.

Key Points: 
  • MIAMI, Oct. 24, 2022 /PRNewswire/ --Egypt has become the most successful market for Crystal Lagoons in the MENA market with over 31 projects at different stages.
  • With its crystalline lagoons, the multinational has created a trend in real estate, making them the most sought-after amenity in the country.
  • The success of Crystal Lagoons in Egypt has also enabled it to participate in government infrastructure projects.
  • "We have gained the trust of the authorities, real estate developers and the general public due to the unique characteristics of Crystal Lagoons technology, which also has low construction and operating costs," said Alastair Sinclair, regional director for the Middle East of Crystal Lagoons.

L3Harris Invests in Seasats to Accelerate Delivery of New, Autonomous Maritime Capabilities to U.S. Navy

Retrieved on: 
Wednesday, October 19, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221019005268/en/
    Inexpensive, versatile and ideally suited for L3Harris suite of maritime payloads, the Seasats X3 is well positioned to enhance existing maritime capabilities L3Harris provides for its customers.
  • Our investment and collaboration with Seasats provides a proven, multi-capability solution for global maritime security challenges.
  • Future collaboration and technology sharing between L3Harris and Seasats has the potential to increase the autonomous capabilities, artificial intelligence and endurance of the X3 while cutting production time up to 75 percent.
  • Earlier this year the Navy invited Seasats to participate in its Digital Horizon 2022 exercise designed to develop maritime domain awareness and accelerate the Navy's robotic and artificial intelligence maritime capabilities.

Saudi Arabia Commercial Interior Fit Out Market Report 2022: Demand Due to Mega Projects Fueling 12.76% Annual Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 5, 2022

The expansion and development of several mega projects in Saudi Arabia are expected to raise the need for commercial interior fit out services in the country.

Key Points: 
  • The expansion and development of several mega projects in Saudi Arabia are expected to raise the need for commercial interior fit out services in the country.
  • The Saudi Arabia Commercial Interior Fit Out Market is anticipated to grow significantly as a result of such massive projects constructed for commercial purposes.
  • The Saudi Arabia Commercial Interior Fit Market is anticipated to grow as a result of the increased demand for luxurious interiors such as bedrooms, bathrooms, and kitchens.
  • Therefore, it is anticipated that 3D printing will become a major trend in the Saudi Arabia Commercial Interior Fit Out Market.

A Billion-Dollar Investment

Retrieved on: 
Wednesday, October 5, 2022

The new company will be the owner of the digital infrastructure assets owned by stc Group, including data centers, submarine cables, international points of presence, and internet exchange points.

Key Points: 
  • The new company will be the owner of the digital infrastructure assets owned by stc Group, including data centers, submarine cables, international points of presence, and internet exchange points.
  • Abdullah Alswaha, and a number of excellencies and senior executives of stc Group.
  • It aims to develop digital businesses and enhance investment opportunities in international communication services and data centers by providing the latest communication, hosting technologies and raising the capacity of data centers to meet the needs of the Asian, European, and African markets, and the rest of the world.
  • Previously at LEAP, the International Conference, stc Group announced the launch of an initiative to establish a main digital center for MENA region with an investment of $1 billion, with the aim of enabling growth in KSA's economy and GDP.