Saudi hotel industry growth in spotlight at show

The Inter-Hotel Culinary Competition will return for a third time, with more hotels battling against each other by putting forward their top chefs.
Updated 03 April 2019
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Saudi hotel industry growth in spotlight at show

The seventh version of the Kingdom’s premier food and hospitality trade event is returning to Jeddah from April 21 to 23, with a range of features, CPD seminars as networking opportunities with industry peers.

The Hotel Show Saudi Arabia 2019 at the Jeddah Center for Forums and Events will serve as a platform to highlight the latest innovations in the food industry and share local and international trends and insights.

Gary Williams, the show’s event director, said: “With tourists’ arrivals in the Kingdom growing year-on-year, hoteliers and restaurateurs understand the need to keep investing and researching to keep up with the increased levels of competition and to better serve their clients.”

Travel bookings in the Kingdom are considered the largest in the Middle East and North Africa (MENA) — worth more than $25 billion each year. The hospitality industry’s growth shows no sign of slowing, with 64,000 hotel rooms and 187 hotel projects forecast to be added to current supply. 

Organizers of the show claim the event provides a 360-degree view of the hospitality industry, with hundreds of global brands from around the world showcasing products across interiors, lighting and design, fitness, technology and security, hygiene, kitchen and laundry equipment, HORECA (hotels, restaurants and catering), F&B (food and beverages) and more. 

Exhibitors from China, Egypt, Oman, Pakistan, Turkey, Portugal, India, France, the UAE, the US, Slovenia and more will be participating in this year’s show. 

The event is visited by more than 6,500 sector professionals — from GMs, owners and operators, through to procurement managers, designers and architects, housekeepers, executive chefs, revenue managers and engineers working in the hospitality industry.  

Following new legislation and government reforms that have made the Kingdom more accessible than ever, Saudi Arabia represents the largest development opportunities in the hospitality industry in the Middle East.

The tourism sector has been earmarked by the government as a key driver for growth in the Kingdom’s Vision 2030 economic diversification strategy, with major initiatives to stimulate the travel and tourism industry.

The event will also include various live kitchens being set up across the show floor with a competitive spirit between rival hotel teams. The Inter-Hotel Culinary Competition will return for a third edition, with more hotels battling against each other by putting forward their top chefs to showcase creative cooking styles and share culinary expertise in a live kitchen environment.

Chefs from Radisson Blu, Somewhere Hotel, Movenpick, Oberoi, Assila, Makarem Ajyad, Intercontinental, Four Seasons, Hyatt, Le Meridien Towers Makkah and more will be competing against each other. Judges include Chef Thomas Gugler, Chef Yasser Jad and more.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.