PIF’s Adeera to operate hotel portfolio across Qiddiya City

PIF’s Adeera to operate hotel portfolio across Qiddiya City
Qiddiya City is expected to employ over 200,000 people and attract more than 40 million visitors annually. Supplied
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Updated 04 August 2025

PIF’s Adeera to operate hotel portfolio across Qiddiya City

PIF’s Adeera to operate hotel portfolio across Qiddiya City

RIYADH: Saudi-grown hotel brands will be introduced across Qiddiya City under a new strategic partnership between its developer and Adeera, the hospitality group backed by the Public Investment Fund. 

The agreement with Qiddiya Investment Co. — also a PIF company — marks a new milestone for Adeera, which was launched in December 2024 to develop and manage a portfolio of homegrown hotel brands. 

As part of the deal, Adeera will operate a range of hotels at the Qiddiya giga-project, including Alia, a Saudi luxury brand; Sama, a five-star lifestyle offering; and Noor, a mid-market concept, according to a press release. 

This move aligns with Saudi Vision 2030’s goal of making tourism and hospitality a key pillar of economic diversification. 

It also supports PIF’s efforts to build a comprehensive tourism infrastructure in Qiddiya City, which aims to attract millions of global visitors with world-class destinations such as Six Flags Qiddiya and Aquarabia, the region’s largest water park.  

Abdullah Al-Dawood, managing director of Qiddiya Investment Co., said: “This partnership reflects Qiddiya’s commitment to delivering exceptional experiences rooted in excellence, quality, and Saudi identity.” 

He added: “Adeera brings the depth, readiness, and Saudi-rooted identity needed to bring our hospitality vision to life. We are leveraging a national champion purpose-built to deliver authentic Saudi hospitality at scale.” 

The deal aims to bring a fresh approach to hotel management and operations, with a focus on reflecting Saudi identity in hospitality, in line with Vision 2030’s tourism and diversification goals. 

“This partnership sets the tone for what Adeera was built to do — to power ’s ambitious hospitality pipeline with living, breathing brands that embody the hospitable Saudi culture. We are not just managing hotels; we are showcasing what Saudi hospitality means on the world stage,” said Stefan Leser, CEO of Adeera. 

Qiddiya City is a new destination being developed from the ground up around entertainment, sports, and culture. Located in the Tuwaiq Mountains about 40 minutes from Riyadh, it aims to offer a wide range of attractions and experiences for residents and visitors alike. 

Expected to employ over 200,000 people and attract more than 40 million visitors annually, the city is positioned to play a significant role in ’s tourism growth and economic development.


, Canada explore ways to enhance cooperation in technology, innovation 

, Canada explore ways to enhance cooperation in technology, innovation 
Updated 04 November 2025

, Canada explore ways to enhance cooperation in technology, innovation 

, Canada explore ways to enhance cooperation in technology, innovation 

RIYADH: ’s technology and innovation partnership with Canada is set to receive a boost after senior ministers met to explore new avenues of cooperation and strengthen trade ties. 

Saudi Minister of Investment Khalid Al-Falih said in a post on X that he met with Canada’s Minister of Artificial Intelligence and Digital Innovation Evan Solomon to discuss ways to strengthen relations between the countries and to build partnerships that contribute to mutual economic growth, particularly in priority investment sectors. 

This comes as trade between the two nations continues to expand. In February, exported SR641 million ($170 million) to Canada, marking an 86.6 percent increase from SR344 million in February 2024, according to data from the Observatory of Economic Complexity.

It also follows an agreement in January 2024 for both countries to re-exchange trade delegations to enhance economic relations and boost trade and investment flows. 

In a subsequent post on X, Al-Falih stated: “The dialogue took place between me and Anita Anand, the Canadian Minister of Foreign Affairs, in the presence of the Saudi ambassador to Canada, Amal Yahya Al-Moallimi.” 

He added: “We discussed supporting and strengthening relations between our two countries, and facilitating investment exchange, in order to achieve more fruitful cooperation in the most important sectors, which will bring success to both peoples.” 

Artificial intelligence has become a central pillar of ’s post-oil economic strategy, with the Kingdom leveraging advanced technologies to drive data-led industries and automation. 

Now at the halfway point of Vision 2030, the country is accelerating efforts to position itself as a global technology leader, balancing innovation with sustainability goals. 
Key initiatives — including the Project Transcendence program, valued at around $100 billion — aim to further establish as a global hub for AI innovation. 

Over the past five years, has made significant progress toward establishing itself as a regional artificial-intelligence hub. PwC projects that AI could contribute about $235 billion — or 12.4 percent — to the Kingdom’s gross domestic product by 2030.