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FINANCIAL NEWS
IHG plans expansion in Saudi Arabia, UAE
15 Jan 2013
(MENAFN) British hotelier InterContinental Hotels Group (IHG) unveiled plans to expand its hotels portfolio in Saudi Arabia and the UAE over the coming years, Hotelier Middle East reported.
IHG India, Middle East and Africa COO Pascal Gauvin said the group plans to open eight hotels in Saudi Arabia by 2018, representing 2,500 hotel rooms.
IHG is the largest international hotel company in Saudi Arabia, with 22 hotels across the Kingdom, totaling 5,000 rooms, Gauvin said.
Gauvin identified the UAE as having most growth potential over the year ahead.
He said “Both regional and international travellers will continue to play a significant role in the growth of the tourism and hospitality industry in the UAE”. He expected the number of foreign visitors arriving in the UAE to reach nearly 19 million by 2022.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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