Latest news with #SultanAlOtaibi
Zawya
09-05-2025
- Automotive
- Zawya
Kuwait begins Fahaheel Expressway upgrades under national plan
KUWAIT CITY - The Ministry of Public Works has announced that maintenance work is underway on the Fahaheel Expressway heading towards Kuwait City, as part of its broader infrastructure development strategy. The initiative is one of 18 road rehabilitation projects being carried out across Kuwait's governorates, aligned with the national development strategy, "New Kuwait 2035." In a statement, the ministry affirmed its commitment to implementing the highest engineering and safety standards to ensure high-quality execution. The road upgrades are part of a comprehensive modernization plan aimed at enhancing the country's transportation infrastructure. Eng. Sultan Al-Otaibi, Deputy Supervising Engineer for both the Fahaheel Expressway and King Fahd Road, confirmed that field teams from the ministry are actively present on-site to monitor progress under new contracts related to extensive road maintenance. According to Al-Otaibi, the ongoing work includes soil treatment and the application of three asphalt layers—classified as Type 1, Type 2, and Type 3—to ensure durability and improved road performance. He urged citizens and residents to follow updates from the General Traffic Department, particularly regarding temporary road closures, to minimize inconvenience and avoid traffic congestion during the maintenance period. The Fahaheel Expressway project represents a key milestone in Kuwait's infrastructure renewal efforts as the country continues investing in sustainable and efficient road systems. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Taiba Investments takes the spotlight as founding partner at Future Hospitality Summit 2025, unveiling next-generation hospitality projects
Taiba Investments is all set to make a powerful statement at the Future Hospitality Summit (FHS) 2025 as a Founding Partner, underscoring its unwavering commitment to driving the ambitious transformation of Saudi Arabia's hospitality landscape. Under the inspiring theme 'Where Vision Shapes Opportunity,' this year's summit will run from May 11 to 13, 2025, at the prestigious Mandarin Oriental Al Faisaliah Hotel in Riyadh. FHS stands as a premier global platform, uniting top industry leaders, innovators, and decision-makers from across the globe to chart the future of hospitality and explore cutting-edge solutions for sustainable tourism and investment both in the Kingdom and beyond. Sultan Al-Otaibi, CEO of Taiba Investments, remarked: 'This year's Future Hospitality Summit comes amid unprecedented momentum for Saudi Arabia's tourism and hospitality sector - a time of remarkable growth. As the sector undergoes a promising transformation, it is fast becoming a strategic engine for national growth and an influential bridge for global collaboration.' Looking to the future, Taiba Investments will shine a spotlight on its upcoming flagship projects, including the eagerly anticipated Rixos Obhur Jeddah — the Kingdom's first beachfront resort of its kind — alongside the soon-to-open Makarem Burj Al Madinah Hotel and the Crowne Plaza Hotel Riyadh. The company will also signal its strategic push into new and exciting destinations in the Kingdom, and will share Makarem's recently launched new identity. Taiba Investments' participation at FHS firmly cements its status as a strategic powerhouse driving Vision 2030's hospitality ambitions. With a sharp focus on workforce localization, women's empowerment, and talent development, Taiba Investments is cultivating an inclusive, innovation-charged workplace that sets new benchmarks for service excellence across the sector. Al-Otaibi highlighted that today's global hospitality industry is undergoing a sweeping transformation, shaped by surging demand for experiential travel, AI-driven hyper-personalization, wellness and spirituality-focused offerings, and green hospitality. Saudi Arabia, Alotaibi noted, is keeping pace with these global trends- elevating its international standing through a unique blend of openness, regulatory evolution, and innovative development, all while celebrating the richness of its cultural identity. For Taiba Investments, the summit represents a powerful platform to share its bold vision, connect with global trailblazers, and forge partnerships that will further elevate Saudi Arabia as a world-class tourism destination. This year's FHS will spotlight a series of pivotal themes shaping the sector's future, including destination development, real estate investment and financing, religious tourism, innovation and technology, future talent and hospitality education, luxury experiences and culinary excellence, as well as sustainability and ESG standards. Notably, the Future Hospitality Summit 2025 serves as a premier gathering of top-tier decision-makers across the hospitality and tourism ecosystem, from government leaders and tourism ministries to hotel giants, property owners, investors, developers, and leading financial and advisory institutions. About Taiba Investments: Taiba Investments Company was established in 1988 as a leading company in the hospitality and real estate sectors in the Kingdom of Saudi Arabia. The company has a longstanding reputation in the hotel sector, property and facility management, real estate development, and asset management. It possesses a diverse portfolio of projects comprising more than 39 establishments, including hotels, residential complexes, and commercial centers, with a total of over 7,700 keys and more than 8 additional properties under development. In 2024, the company achieved one of its most significant strategic expansions after completing the merger with Dur Hospitality, one of the largest hospitality, development, and property management companies in Saudi Arabia. This has contributed to strengthening the presence of the Taiba Investments brand across most regions of the Kingdom, particularly in the holy cities. Taiba Investments is committed to providing exceptional hospitality and accommodation options through its portfolio of specialized Saudi brands in this field, including Al Aqeeq Hotels, Makarem Hotels, Noor by Makarem, and Dur Communities. Furthermore, its partnerships with some of the world's most renowned brands, such as IHG Hotels & Resorts, Marriott International, and Accor, enhance its ability to offer and develop a wide range of distinguished hospitality and accommodation services that cater to all categories of guests.
