InterContinental Hotels Group to open Crowne Plaza Riyadh

Updated 12 February 2018
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InterContinental Hotels Group to open Crowne Plaza Riyadh

RiIYADH: Leading hotel operator Inter Continental Hotels Group will be opening its seventh Crowne Plaza hotel in the Saudi capital Riyadh.
The 326-room hotel will be located in ‘Al-Ra’idah Digital City’ a mixed-use district that is expected to accommodate over 20,000 employees and up to 10,000 residents in the forseeable future. The Al-Ra’idah digital city has been welcoming multinationals, technology companies, government agencies, and many of the new ventures that are part of the National Transformation Project 2030.
The hotel features more than 12000m2 of exhibition and conference space including, a three-level circular conference center, a ballroom, large pre-function areas and 12 daylight meeting rooms.
Waleed Al Eisa, the chief operating officerof Al Ra’idah Investment Company said that he is “delighted to work with IHG to bring another Crowne Plaza hotel to Al Ra’idah Digital City.
“IHG continues to be a trusted brand in the Kingdom, offering guests world-class amenities, seamless guest experience and an unparalleled rewards program.”


‘There is no free lunch’, Macron tells tech giant CEOs

Updated 56 min 51 sec ago
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‘There is no free lunch’, Macron tells tech giant CEOs

PARIS: President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.
The French leader paints himself as a champion of France’s plugged-in youth and wants to transform France into a “startup nation” that draws higher investments into technology and artificial intelligence. He is also spearheading efforts in Europe to have digital companies pay more tax at source.
Macron’s guest-list included Facebook Inc. Chief Executive Mark Zuckerberg, IBM’s Virginia Rometty, Intel Corp’s Brian Krzanich, Microsoft Corp’s Satya Nadella and a raft of other big hitters in the corporate world.
“There is no free lunch,” he quipped in English to the executives lined up on the steps of the Elysee Palace for a photo call at a lunch meeting. “So I want from you some commitments.”
As Macron spoke, IBM announced it would hire about 1,400 people in France over the next two years in the fields of blockchain and cloud computing.
Ride-hailing app Uber also said it planned to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment.
Macron will hold one-on-one talks with Mark Zuckerberg on tax and data privacy on the sidelines of the Tech For Good summit — a day after the Facebook chief executive faced questions from European Union lawmakers.
Those talks will be frank, an Elysee official said ahead of the meeting. While Macron will be pitching France Inc, he will also push his case for a European Union tax on digital turnover and a tougher fight against both data piracy and fake news.
Zuckerberg on Tuesday sailed through a grilling from EU lawmakers about the social network’s data policies, apologizing to leaders of the European Parliament for a massive data leak but dodging numerous questions.
Macron told the executives that business needed to do more in tackling issues such as inequality and climate change.
“It is not possible just to have free riding on one side, when you make a good business,” the French president said.