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AlUla Development Company CEO Fabien Toscano on developing the destination with purpose

The CEO shares how the team is balancing development with preservation, empowering local communities, and embracing environmentally-sensitive design to welcome two million annual visitors by 2035 — without compromising AlUla’s unique spirit

Neesha Salian
Neesha Salian

15 May, 2025

AlUla Development Company CEO Fabien Toscano on developing the destination with purpose
Image: Supplied

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Two years into his role as CEO of AlUla Development Company, Fabien Toscano reflects on the journey of transforming one of Saudi Arabia’s most treasured cultural destinations into a global tourism and hospitality hub.

As the company unveils new projects like NUMAJ in collaboration with Marriott and aligns with Vision 2030’s ambitions, Toscano shares how the team is balancing development with preservation, empowering local communities, and embracing environmentally-sensitive design to welcome two million annual visitors by 2035 — without compromising AlUla’s unique spirit.

It’s been two years since the launch of AlUla Development Company. How would you describe the progress so far and how do you approach the responsibility of preserving its beauty while developing it?

I think it’s been great, to be fair. We’ve been building the organisation while also focusing our business on what we wanted to achieve. That includes growing the team, getting projects underway, and developing new assets. Personally, it’s been a very interesting journey. I joined because I was inspired by the opportunity in AlUla.

Unlike other projects, the place is already there — it’s a location crafted by nature and steeped in history. Our job is to carefully place beautiful, purposeful assets within this extraordinary setting without disrupting it. Every step we take is guided by that principle.

How does your mandate align with Saudi Arabia’s Vision 2030, especially considering the latest progress updates?

Our strategy is fully aligned with the Public Investment Fund (PIF) strategy and Vision 2030, particularly regarding economic diversification. As a development company, we contribute in three key ways:

  1. Developing real estate assets, whether hospitality — like some of our hotels — or residential and other types of developments.
  2. Asset management, including our own hotels and several of the Royal Commission for AlUlA’s (RCU) properties.
  3. Private sector collaboration, by attracting external investors to AlUla.
    These are the three clear avenues through which we support the goals of Vision 2030.

You launched a new project at ATM 2025 — tell us more about it and what makes it special.

The project is called NUMAJ, a 250-room eco-conscious Autograph Collection hotel in AlUla, Saudi Arabia. This hotel is being developed in partnership with Marriott International and is set to open in 2027. The name is inspired by a star formation — Nou Ursae Majoris — which was historically referred to as AlUla Borealis. We combined “Nou” and “Majoris” to create NUMAJ.

What features and design elements define NUMAJ, and how does it reflect the spirit of AlUla?

We’ve been very deliberate with the architecture — paying close attention to colour, texture, and even engravings that reflect AlUla’s character. It’s a hotel that embodies everything the destination stands for.
It offers both indoor and outdoor experiences, incorporates mashrabiya design elements, and deeply reflects the local culture. It’s built for both business and leisure travellers, featuring conference rooms, business facilities, and a broad range of amenities including:

  • The first five-star spa in central AlUla
  • Two pools, including a rooftop pool
  • One signature restaurant and five additional F&B outlets

This hotel is going to bring tremendous value to the central AlUla offering, and we’re very proud of our collaboration with Marriott to bring it to life.

How do you bring a balance between creating a resort-like leisure experience and offering business-focused facilities in AlUla’s hospitality projects?

For our most recent project, flexibility was key. We wanted a hotel with strong enough amenities to serve both business and leisure travelers. For example, someone visiting for business might also enjoy the leisure facilities — and vice versa. That flexibility is essential, especially given the location in central AlUla, which draws both tourists and business visitors. Our goal was to create a broader offering that could meet diverse expectations without compromising the individual care guests expect.

How are you working with other organisations to promote tourism, and what’s the strategy for attracting domestic, regional, and international visitors?

We’re working in close partnership with the Royal Commission and benefiting from improved connectivity. The strategy involves expanding our portfolio to include diverse accommodations. Currently, we operate Caravan by Habitas (a glamping experience), and asset manage several hotels such as Dar Tantora The House Hotel, The Chedi, and Cloud7 Residences catering to different price points and experiences.

Our strategy is to gradually grow this offering with a phased, low-impact approach that respects AlUla’s natural beauty. This supports the broader target to welcome two million visitors annually by 2035.

What kind of tourist demographics are you seeing today, and how has international interest evolved?

We’re seeing a growing number of international visitors from diverse nationalities — Chinese, Americans, French, Italians — alongside strong numbers from Saudi Arabia and the GCC. The mix keeps evolving each year, influenced by flight connectivity and destination marketing. AlUla is increasingly becoming a year-round destination. Even in summer, some hotels performed well in occupancy. Improved infrastructure and global awareness are making a real difference.

Tell us how you’re involving and benefiting the local community through your projects.

We’re committed to engaging the local community both directly and indirectly. In development, we prioritise sourcing materials locally and working with Saudi contractors. In operations, we employ many Saudis — including locals from AlUla — across our hotels. As hospitality grows, it creates more career opportunities, and we’re ensuring our teams reflect the local culture. Our success also supports SMEs, local shops, and the wider economy. Human connection and storytelling from the local community are some of AlUla’s strongest assets.

What’s the focus of your real estate development beyond hospitality? Are there residential or retail plans?

Our focus is primarily on hospitality and residential. We’re currently working on a 569-room asset in central AlUla to house hospitality and operational staff — an important project for workforce wellbeing. Retail may come in as amenity-based components, but it’s not a current priority. We follow a careful, phased development strategy, ensuring every asset aligns with our environmental, social, and design standards.

How important is connectivity and accessibility to your plans for AlUla’s growth?

Connectivity is fundamental. AlUla is now linked to Riyadh, Jeddah, Dubai, and Qatar by air, with more routes coming. The journey from Riyadh is around 1.5 hours by flight, and about three hours by road from Medina or Tabuk. To achieve the two-million visitors goal, increasing accessibility while preserving the visitor experience is key. It’s all part of our integrated approach.

How are you leveraging technology while preserving AlUla’s authenticity?

We’re very intentional about using invisible technology that enhances, rather than distracts from, the guest experience. This includes smart mobility, greywater recycling systems, and efficient utilities. Technology should remain behind the scenes. Guests come for AlUla’s authenticity and natural beauty, so our design and operations are built around that principle.

What makes AlUla such a special destination in your view?

It’s unique and features more than 7,000 years of human activity, Saudi Arabia’s first UNESCO World Heritage Site, iconic locations like Elephant Rock and Maraya, and lush green oases. The geological formations are stunning, and the authenticity of the people makes it even more special. Visitors feel something profound. Even my wife ranks it among her top two favourite places in the world. The peace, the beauty — it slows you down and connects you to something deeper.

Finally, what is your leadership philosophy, and how do you inspire your team?

Passion is the starting point. I believe everyone in the organisation — regardless of title — can be a leader. I foster a collaborative environment where ideas are discussed, and people are empowered. Real estate creates lasting impact, and in a place like AlUla, we have a deep responsibility to enhance what’s already beautiful. I lead by example and encourage others to do the same. Our culture is evolving, and I want everyone on the team to feel they can make a difference every day.

GE Vernova unveils $14.2bn energy equipment initiatives in Saudi Arabia

GE Vernova has operated in Saudi Arabia for nearly 90 years, with a power generation installed base of over 50 gigawatts

Gulf Business
Gulf Business

15 May, 2025

GE Vernova unveils $14.2bn energy equipment initiatives in Saudi Arabia
Image: GE Vernova

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GE Vernova announced energy initiatives valued at up to $14.2bn to support power generation and grid stability projects in Saudi Arabia.

The announcement includes up to $2bn in backlog or reservation agreements as of Q1 2025, alongside a pipeline of future contracts and memorandums of understanding (MOUs) extending over the next four years.

The initiatives were signed during US President Donald Trump’s visit to Saudi Arabia.

The initiatives are aligned with the kingdom’s Vision 2030 and its target of achieving net zero emissions by 2060.

“As the world’s energy equipment manufacturer, GE Vernova is proud to deploy world class technology to help deepen the longstanding relationship between the USand Saudi Arabia, advance energy security, and strengthen the economic prosperity and competitiveness of both nations,” said GE Vernova CEO Scott Strazik. “We are committed to continuing our work to grow capacity and jobs in the U.S. and beyond to meet these critical needs.”

Saudi partnerships to drive energy transition

Among the key collaborations:

  • Saudi Electricity Company (SEC) and GE Vernova will supply heavy duty gas turbines built in Greenville, South Carolina; synchronous condensers and balance of plant equipment to stabilize the grid; and capital parts and maintenance services to enhance operational efficiency.

  • Principal Buyer and GE Vernova signed MOUs for supplying advanced power generation equipment and services, commercializing carbon capture technologies, and investing in training, manufacturing, and R&D in the power sector.

  • ACWA Power and GE Vernova agreed to explore opportunities for supplying high-efficiency gas turbines and electrification equipment. ACWA Power is a global leader in desalination, energy transition, and green hydrogen.

  • Aramco and GE Vernova will collaborate on maintenance services, repairs, and spare parts to ensure reliability across Saudi power plants.

GE Vernova has operated in Saudi Arabia for nearly 90 years, with a power generation installed base of over 50 gigawatts. Its presence includes the GE Manufacturing and Technology Center (GEMTEC) Campus in Dammam, which houses facilities for turbine servicing, component manufacturing, and R&D, employing up to 850 people.

The announcements underscore GE Vernova’s role in Saudi Arabia’s evolving energy landscape and its long-term commitment to supporting industrial growth, energy security, and technological innovation in the region.

6,700 millionaires relocated to the UAE in 2024, report reveals

Betterhomes suggests the evolution of Dubai’s property market into a “structural asset class,” with HNWI investment increasingly focused on long-term residential value rather than short-term market cycles

Gulf Business
Gulf Business

15 May, 2025

6,700 millionaires relocated to the UAE in 2024, report reveals
Image: Dubai Media Office/ For illustrative purposes

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Dubai is poised to attract a major surge of international wealth in 2025, potentially reshaping its role in the global financial system, according to a new report by real estate brokerage Betterhomes.

Titled Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth, the report outlines how shifting global geopolitical and economic dynamics are fueling high-net-worth individual (HNWI) migration to the UAE. This, in turn, is transforming Dubai’s prime real estate landscape.

In 2024, 6,700 millionaires relocated to the UAE. With 142,000 millionaires expected to migrate globally in 2025, Betterhomes projects that if just five per cent choose Dubai, the emirate could gain around 7,100 new millionaires — bringing with them approximately $7.1bn (Dhs26bn) in capital. That figure would represent nearly half of Dubai’s total foreign direct investment in 2024.

HNWIs looking to “anchor” themselves in Dubai, UAE: Betterhomes CEO

“Dubai’s real estate market is no longer driven by speculation, but by strategic, long-term capital,” said Louis Harding, CEO of Betterhomes. “We are seeing global wealth not just arrive, but anchor itself here, in branded residences, legacy properties, and high-quality developments built for permanence.”

The report identifies key global “push” factors influencing millionaire migration, including increasing wealth taxes, political instability, and tightening immigration policies. These are contrasted with Dubai’s appeal as a tax-efficient, safe, and globally connected lifestyle hub.

Betterhomes suggests the evolution of Dubai’s property market into a “structural asset class,” with HNWI investment increasingly focused on long-term residential value rather than short-term market cycles.

As the emirate continues to draw the world’s wealthy, Dubai’s role as a global benchmark for residential investment is expected to grow.

Read: Real estate trends in 2025: Dubai developers share insights

Trump visit: Qatar, US sign major defence, commercial agreements

The agreements underscore the growing partnership between Qatar and the US in areas such as defence, investment, energy, and regional security

Neesha Salian
Neesha Salian

15 May, 2025

Trump visit: Qatar, US sign major defence, commercial agreements
Image: Qatar News Agency

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Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and US President Donald Trump on Wednesday witnessed the signing of a series of agreements and memorandums of understanding (MoUs) at the Amiri Diwan in Doha, reflecting deepening strategic ties between the two countries, Qatar News Agency reported.

The signing ceremony included a high-profile agreement for the purchase of aircraft from Boeing, a statement of intent for defense cooperation, a letter of offer and acceptance for MQ-9B drones, and another for the FS-LIDS anti-drone system.

The two leaders also signed a joint declaration of cooperation between the governments of Qatar and the US.

The ceremony was attended by Qatar’s Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani and other senior Qatari officials, while members of the official US delegation joined President Trump.

Trump-Emir discuss regional developments

Speaking after the ceremony, the Emir stated that the talks covered bilateral relations and key regional developments. “The memorandums of understanding signed today will elevate our bilateral relations to a higher level,” he said, expressing gratitude to President Trump for his visit to Qatar.

According to Qatar News Agency, President Trump described the discussions with the Emir as extensive and focused on international issues including the Ukraine crises, acknowledging Qatar’s supportive role. He also highlighted future developments in commercial and defense cooperation, underlining his longstanding friendship with the Emir and expressing his desire to expand joint efforts.

The agreements underscore the growing partnership between Qatar and the US in areas such as defence, investment, energy, and regional security. They are expected to reinforce Qatar’s strategic capabilities while strengthening American ties in the Gulf region.

Read: Saudi Crown Prince, US President Trump sign Strategic Economic Partnership

WHX Tech to debut in Dubai as digital health gains momentum in the Middle East

WHX is now venturing into the future of healthcare with WHX Tech

Solenne Singer
Solenne Singer

15 May, 2025

WHX Tech to debut in Dubai as digital health gains momentum in the Middle East

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The global healthcare sector is undergoing rapid transformation, driven by the urgent need for scalable, tech-enabled solutions.

What was once a long-term ambition, the integration of technology across systems and services has become an immediate priority. From policy to practice, digital health is no longer optional. It’s here, it’s accelerating and the time for implementation is now.

Nowhere is this momentum more visible than in the Middle East and North Africa.

Countries such as the UAE, Saudi Arabia and Egypt are investing heavily in next-generation healthcare infrastructure. From AI-powered diagnostics and smart hospitals to digital patient records and virtual care platforms, the MENA region is fast becoming a key player for healthtech innovation.

In the UAE alone, landmark initiatives such as the National Strategy for Artificial Intelligence 2031, the introduction of Malaffi – the first health information exchange platform in the middle East and the deployment of advanced robotics and telemedicine solutions highlight a clear commitment to building a future-ready healthcare system. Saudi Arabia’s Health Sector Transformation Programme, part of Vision 2030, is similarly redefining delivery models at national scale.

This growing ecosystem of investment, policy support and private-sector innovation is precisely why we’re launching WHX Tech in Dubai from 8–10 September 2025 a groundbreaking event designed to accelerate digital health adoption, cross-border partnerships and bring the most advanced, transformative technologies to the forefront.

Solenne Singer is senior vice president, Informa Markets.

WHX Tech is the latest expansion of WHX — the world’s largest network of healthcare events and will be launched in partnership with HIMSS, the global authority in health information and technology.

WHX is no stranger to building world-class events in Dubai, with its flagship, WHX Dubai (formerly Arab Health), having welcomed the global healthcare community since 1975. Organised by the same team behind WHX Dubai, WHX Tech is set to follow a similar trajectory bringing together innovators, investors, healthcare leaders and policymakers to shape the future of digital health.

With more than 300 exhibitors and 5,000+ health tech leaders expected to attend, WHX Tech isn’t just another trade show. It’s a curated platform built to accelerate collaboration among startups, investors, regulators, and global healthcare operators.

Why Dubai?

Building on the legacy of launching world-class healthcare events in Dubai, choosing the city as the launchpad for WHX Tech was a natural decision.

Dubai is already a global crossroads for business and innovation and increasingly for health. With its advanced digital infrastructure, innovation-friendly policies, and unmatched connectivity to global markets; Dubai provides the ideal environment to support new models of care.

Government-led initiatives, such as the Dubai Health Strategy 2026 and Dubai Future Foundation’s sandbox for healthcare innovation, further reinforce the city’s ambition to lead, not follow.

WHX Tech is here to reflect and amplify that ambition.

Our three core stages, World X, Future X, and Xcelerate will showcase everything from real-world smart hospital implementations to the most promising biotech and AI startups shaping the next 20 years of health.

As a platform built for innovation, WHX Tech is committed to accelerating the startups driving healthcare transformation. The Xcelerate Zone, featuring its own dedicated startup stage, will host the region’s largest digital health startup competition offering a $50,000 prize fund and the opportunity for early-stage ventures to pitch directly to global investors. Beyond the competition, startups will gain access to curated networking, expert feedback, and connections that can unlock funding, partnerships, and commercial growth.

Hosting Xcelerate in Dubai, a global hub for entrepreneurship, healthcare investment, and cross-border expansion gives startups an unparalleled platform to scale their impact across the Middle East and beyond.

What sets WHX Tech apart isn’t just its scale, but its purpose. We’ve assembled a world-class advisory board featuring industry leaders including Dr David Rhew (Microsoft), Dr James Mault (BioIntelliSense), Dr Myriam Fernandez (AWS), Dr Tamara Sunbul, ReenitaDas (Frost & Sullivan) and Dr Sam Shah (NEOM), to ensure the event stays grounded in outcomes and global best practice.

The time is now

As technologies evolve, so must the ways we connect, collaborate and drive change. WHX Tech emerges at a time when healthcare systems worldwide are grappling with questions of access, ethics, regulation, and data interoperability. Through live demos, immersive content, and expert-led panels, the event will tackle these challenges head-on, while opening doors for meaningful collaboration across borders.

WHX is where innovation comes to life, turning innovation into impact to benefit the healthcare systems that support both the people who deliver care and those who depend on it. It’s where policymakers shape the future of regulation, startups bring breakthrough technologies to market, and investors back solutions that will transform health systems. At WHX Tech, global ambition meets regional opportunity and the future of healthcare becomes reality.

The future of healthcare will be defined at WHX Tech and we invite you to be part of the movement.

Join us at WHX Tech and become part of the digital healthcare revolution: https://shorturl.at/yEK8N

  • Solenne Singer is senior vice president, Informa Markets.

Here’s how customers can benefit from talabat and Bolt’s new partnership

Under the initiative, talabat pro members will receive 10 per cent off 10 Bolt rides each month, with a maximum discount of Dhs15 per ride

Neesha Salian
Neesha Salian

14 May, 2025

Here’s how customers can benefit from talabat and Bolt’s new partnership
Image: Supplied

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Talabat, the region’s leading delivery platform, and global mobility company Bolt have partnered to bring added convenience and savings to UAE users.

The collaboration offers talabat pro subscribers exclusive discounts on Bolt rides, combining two of the most widely used apps in the daily routines of residents across the UAE.

For users, the result is simple: fewer apps, more savings, and a more connected lifestyle. Whether ordering a favourite meal or booking a ride, convenience is now just a tap away.

How talabat customers will benefit

Under the initiative, talabat pro members will receive 10 per cent off 10 Bolt rides each month, with a maximum discount of Dhs15 per ride.

The new benefit is designed to extend the value of talabat’s loyalty programme — already known for its perks such as free delivery on restaurants, groceries, and DineOut — into the realm of everyday transportation.

“At talabat, we believe in aligning ourselves with companies that not only drive meaningful impact but also actively support the communities we serve,” said Tomaso Rodriguez, CEO of talabat. “This partnership with Bolt is just the start of enhanced benefits for our loyal talabat pro customers and a step towards exploring synergies that deliver greater value, innovation, and experiences.”

Mansoor Alfalasi, CEO of Dubai Taxi Company and local partner of Bolt, echoed the sentiment, saying: “By partnering with talabat, a platform already woven into people’s daily routines, we’re meeting users where they are — whether they’re ordering dinner, groceries, or heading out for the evening.

“This partnership allows us to offer even more value, making everyday mobility more accessible while supporting Dubai’s vision for smarter, more connected urban living.”

A strong quarter

This development follows news of talabat’s robust Q1 performance. Rodriguez said on the occasion: “We achieved outstanding results, with GMV rising 30 per cent year-on-year to $2.1bn, driven by strong consumer demand and our resilient operational performance throughout Ramadan.

“The completed acquisition of instashop, combined with rising customer demand and margin expansion across both our GCC and non-GCC markets, has also fuelled our impressive growth this quarter – particularly in our Groceries and Retail business, which continues to gain remarkable popularity across MENA.

“Looking ahead to the reminder 2025, we remain focused on building on this progress and realising meaningful synergies and efficiencies from the instashop acquisition. As integration activities progress over the next few quarters, we’re set up to deliver even greater value and convenience to our customers, partners, riders and shareholders.”

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