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ROSHN AND AJDAN SIGN ALMANAR MECCA DEAL
(ICE) – ROMA, 23 APR – Saudi gigaproject developer Roshn and the local Ajdan Real Estate Development Company have signed an agreement to develop 113 residential villas within Roshn’s Almanar community in Mecca.
The deal includes the design, construction and sale of premium villas on a 32,921 square metre (sq m) plot of land.
Almanar is the fifth mixed-use community by Roshn, which is backed by Saudi sovereign wealth vehicle the Public Investment Fund (PIF), and is the developer’s first venture in Mecca.
The first phase will be built over 2.5 million sq m of land. It will comprise 4,149 residential units, including three- to five-bedroom townhouses, duplexes and villas, catering to over 17,000 people
The development will feature facilities including a mall and eight commercial centres, a business park and other social infrastructure.
Almanar will be located at the western gate of Mecca, between the old and new expressways linking Mecca and Jeddah.
In 2023, Roshn and Ajdan Real Estate Development Company signed an agreement to develop residential units within Roshn’s Sedra community in Riyadh.
The $84m deal involved Ajdan sub-developing 302 residential villas within Sedra Phase 2B over a period of three years.
Created in 2018, Roshn aims to increase homeownership rates among Saudi citizens to 70%.
The company plans to develop more than 395,000 residential units in Riyadh, Mecca, Asir and the Eastern Region.
According to GlobalData, the residential sector is expected to grow by 4.2% in real terms in 2024, before growing at an annual average growth rate of 5.9% in 2025-28, supported by government initiatives to provide affordable housing as part of the government’s aim to increase homeownership from 62% in 2020 to 70% by 2030.
For registration as a supplier:
https://www.roshn.sa/partnerships (ICE RIYADH)
CHINA LAUNCHES TOURISM PROMOTION CAMPAIGN, HIGHLIGHTING INBOUND TRAVEL
(ICE) – ROMA, 23 APR – China’s Ministry of Culture and Tourism launched a campaign for China Tourism Day, offering over 6,000 measures and 1 billion yuan (138.78 million USD) in subsidies. Q1 2025 saw 17.44 million border crossings, up 33.4%. (ICE PECHINO)
BULGARI ORGANIZZA LA MOSTRA “BULGARI KALEIDOS: COLORS, CULTURES AND CRAFTS” al National Art Center di Tokyo
(ICE) – ROMA, 22 APR – Bulgari ha annunciato che organizzerà “Bulgari Kaleidos: Colors, Cultures and Crafts”, la più grande mostra mai tenuta in Giappone dal brand.
L’esibizione avrà luogo dal 17 settembre al 15 dicembre presso il National Art Center di Tokyo.
Il progetto del sito espositivo è frutto della collaborazione tra Bulgari, Kazuyo Sejima – fondatrice del noto Studio di architettura giapponese SANAA (acronimo di Sejima and Nishizawa and Associates) – e lo Studio Formafantasma, degli italiani Andrea Trimarchi e Simone Farresin.
La mostra presenterà circa 350 gioielli e opere d’arte contemporanea provenienti da collezioni private, oltre alla Bulgari Heritage Collection e al materiale proveniente dell’Archivio Storico Bulgari. Vi saranno presentate anche installazioni e opere di Mariko Mori, Lara Favaretto e Akiko Nakayama. (ICE TOKYO)
LAHEQ ISLAND UNVEILED AS THE FIRST LUXURY RESIDENTIAL DESTINATION AT THE RED SEA
(ICE) – ROMA, 16 APR – Red Sea Global (RSG) has announced the launch of Laheq Island, a landmark development and the first residential-focused destination at The Red Sea.
Scheduled to open in 2028, Laheq offers resort-style living with luxury private residences, premium amenities, and a unique blend of hospitality and property ownership experiences.
The 400-hectare island, part of a 92-island archipelago off Saudi Arabia’s western coast, features white sand beaches, vibrant coral reefs, and access to the world’s fourth-largest barrier reef.
The development marks RSG’s expansion beyond Phase One of The Red Sea, which currently includes five operational hotels and a dedicated airport.
Laheq’s masterplan, designed by global architecture firm Foster + Partners under the concept of “Forever Garden,” centers on a lush, plant-rich environment. At its heart is “The Ring,” an 800-meter structure encircling the island’s lagoon, housing luxury apartments, hotels, and retail spaces.
“Laheq will bring a new dimension to luxury island living in the Kingdom,” said John Pagano, Group CEO of Red Sea Global. “It represents our shift from purely hospitality-driven destinations to integrated communities, aligned with Vision 2030’s goals of economic diversification and quality of life.”
Residents and guests will enjoy world-class amenities including two luxury hotels — one focused on wellness and the other on vibrant lifestyle experiences — as well as a 115-berth marina, golf course, racket club, sports field, premium beach clubs, dining venues, and a traditional souq.
The development is part of RSG’s broader regenerative tourism strategy, with all operations at The Red Sea — including Laheq — running on 100% renewable energy. The island will also contribute to RSG’s commitment to plant and preserve 50 million mangroves and regenerate Red Sea coral reefs.
Upon full completion in 2030, The Red Sea will feature 50 resorts and over 1,000 residential properties. Laheq Island will be managed by Red Sea Residences. — SG
For registration as a supplier: https://www.redseaglobal.com/en/vendor-registration (ICE RIYADH)
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