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HOSPITALITY-
Four Seasons Resort plans to launch a 225-key beachfront resort on Sindalah Island, according to a press release. The resort will also feature 52 villas. Information about size of investment and timeline wasn’t disclosed.
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TECH-
Mobi Egypt to set up data center in the Kingdom: Telecom infrastructure company Mobi Egypt plans to set up a data center here in partnership with Saudi ICT solutions firm Al Rajhi Telecom, Al Mal reports, citing Mobi Egypt Chairman and CEO Emad El Fakharany.
CAPITAL MARKETS-
Awaed Alosool Capital acquired regulatory approvals to provide brokerage services in the capital market, according to a bulletin on Tadawul. Awaed received approval from the Capital Markets Authority earlier this year adding investment management and custody services to its business portfolio.
TRADE-
The GCC officially kicked off talks for a trade agreement with Indonesia on Wednesday during GCC Sec-Gen Jasem Albudaiwi’s visit to Jakarta, where he met the country’s Trade Minister Zulkifli Hasan, a statement from the council showed. The first round of talks is slated to start this year, with plans to wrap up discussions within two years.
