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MDLBEAST 2023 Report Shows Growing Impact on Three Main Economic Sectors: Advancing Vision 2030 Goals

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1 year ago

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Boosting the Saudi economy with SAR 1.45 billion.
Three main sectors benefited from MDLBEAST’s audiences- travel, accommodation, and entertainment.
Creating Over 18,000 jobs.
Supporting 1125 businesses.
Showcasing KSA as a pivotal global acclaim and instilling pride worldwide.
MDLBEAST, the leading Saudi music entertainment company, has released its 2023 Socio-Economic Impact Report, underscoring its significant role in advancing Vision 2030. The report reveals that the direct and indirect impact of MDLBEAST contributed in total SAR 1.45 billion to the local economy, supported 1125 businesses, and created over 18,000 job opportunities in 2023. The impact stems from the increasing spending of event visitors and was achieved without an increase in MDLBEAST’s expenditure, achieving benefits for three main economic sectors: travel, accommodation, and entertainment.
By fostering economic growth and cultural development, MDLBEAST is helping to position Saudi Arabia as a global leader in the creative economy and music industry, showcasing KSA as a pivotal global acclaim and instilling pride worldwide.
Ramadan Alharatani, CEO of MDLBEAST, commented, “At MDLBEAST, we are committed to driving impact and inspiring change across Saudi Arabia and the region. Our work goes beyond music—it’s about creating jobs, supporting local businesses, and aligning with the Vision 2030 objectives. By empowering local talent and fostering a creative economy, we are proud to contribute to Saudi Arabia’s transformation as a global hub for culture, music, and innovation.”
As per the study, MDLBEAST is not only reshaping the local and regional music industry but also helping to positively influence how the global community views the image of Saudi Arabia by breaking stereotypes about the Kingdom and showcasing cultural richness through its events and festivals to global audiences.
As indicated in the report, by attracting international audiences, showcasing Saudi culture, and promoting cultural exchange, MDLBEAST is a key player in Saudi Arabia’s Vision 2030 ambitions to become a thriving global tourism and music entertainment hub.
Key Findings from the MDLBEAST 2023 Impact Report:
Supporting Local Businesses and Artists: In 2023, MDLBEAST spent 60% of its funds locally, with 90% of that amount benefiting Saudi suppliers, giving back to the Saudi economy. The company supported 1125 businesses in 2023, empowering the local economy and fueling growth.
Creating Jobs in Saudi Arabia: MDLBEAST created over 18,000 job opportunities, including full-time jobs and part-time and temporary positions, significantly contributing to employment across the Kingdom.
Economic Boost and Visitor Spending: MDLBEAST’s events contributed SAR 1.45 billion to the local economy in 2023, primarily benefiting travel (39%), entertainment (17%), and accommodation (16%).
Advancing Vision 2030 Through Cultural and Economic Development
MDLBEAST is actively contributing to the Saudi Vision 2030, which aims to diversify Saudi Arabia’s economy and enhance its cultural offerings. By driving 26% of household spending on cultural and entertainment activities within the Kingdom, MDLBEAST’s events are at the heart of efforts to create a thriving creative economy.
MDLBEAST’s commitment to empowering Saudi entrepreneurs is equally impactful, helping retain SAR 131 million in the local economy as 72% of Saudi residents chose to stay in the Kingdom for entertainment rather than travel abroad during MDLBEAST events.
Empowering Saudi Talent and Entrepreneurs
‘Nurturing local talent’ emerges as a top-3 impact driver in 2023, through talent discovery initiatives such as XPERFORM and Storm Shaker, alongside education-driven initiatives like BEAST Education, XCHANGE, and Artist Management Bootcamp.
MDLBEAST is committed to growing Saudi Arabia’s music ecosystem by creating opportunities for local talent. In 2023, the company signed over 125 local artists, reflecting a 25% growth from the previous year. Through initiatives like XP Music Futures and its artist development programs, MDLBEAST is positioning Saudi artists on a global stage, while also driving entrepreneurship in the music, hospitality, and creative sectors.
Driving Social Change and Empowering Women in Music
The report revealed that MDLBEAST continues to champion social change by empowering women in the music industry. The company’s mentorship programs, inclusive spaces, and advocacy initiatives provide greater representation and opportunities for women in the creative field.
As per the findings of the report, 54% of people noted that MDLBEAST greatly encourages women’s participation in the music industry.
“MDLBEAST, as a catalyst in the music industry, continues to shape the landscape and generates a positive impact across various facets of the local Saudi society in 2023. Key stakeholders within the KSA music industry recognize MDLBEAST’s positive impacts, benefiting artists, individuals, and businesses alike across areas, such as national vibrancy, empowering businesses, entrepreneurship, nurturing local talent, expanding career horizons, and empowering women in the music industry”, Alharatani explained.
By encouraging creativity and providing career development opportunities, MDLBEAST is also inspiring students to pursue careers in the music and entertainment industries, helping build a sustainable creative future for Saudi Arabia.
Positioning Saudi Arabia as a Global Music and Tourism Destination
Drawing attention from international media, tourists, and music industry professionals worldwide, MDLBEAST’s events have the power to create ripples that extend far beyond local borders.
The global exposure garnered by MDLBEAST’s events is invaluable, serving as a catalyst for shaping a positive perception of the nation on an international scale.  In 2023, the primary catalyst for changing overall global perception about KSA is the “positioning of Saudi Arabia as a music destination” (46%), followed by “positioning
KSA as a tourism destination” (27%) and “positioning KSA as a business/ employment destination” (27%).
“As we look ahead, our focus remains on expanding opportunities for local talent and strengthening Saudi Arabia’s presence on the global cultural stage. We are excited to continue pushing boundaries, creating world-class music experiences, and playing our part in shaping the Kingdom’s vibrant future. With each new festival, initiative, and partnership, we’re not just building events—we’re building a legacy that will inspire generations to come.”, Alharatani added.
MDLBEAST initiated its first socio-economic Impact in 2022 and aimed to measure it again in 2023 with a commitment to driving more effective collaboration of the business with the community and the government in Saudi Arabia,  and promoting the growth of the music industry in the region and change the music scene in Saudi Arabia through events and investments.
The study, issued by MDLBEAST Foundation this year, conducted interviews with thousands of music pros, event attendees, and entrepreneurs on Soundstorm, Balad Beast, and XP Music Futures

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“بن غاطي” تبيع أغلى بنتهاوس في الشرق الأوسط بمشروع “بوغاتي ريزيدنسز” بقيمة 550 مليون درهم

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20 hours ago

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December 13, 2025

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سجّلت شركة “بن غاطي” إنجازًا عالميًا جديدًا بعد إتمام بيع أغلى بنتهاوس في دبي والشرق الأوسط بقيمة 550 مليون درهم داخل مشروع “بوغاتي ريزيدنسز من بن غاطي” في منطقة الخليج التجاري، لترسّخ الشركة موقعها في مقدّمة مطوري العقارات الفاخرة في المنطقة.

ويأتي هذا الإنجاز ليؤكد الدور الريادي الذي تلعبه بن غاطي في إعادة صياغة مفهوم العقارات فائقة الفخامة، ويرسّخ قدرتها على استقطاب أعلى الصفقات قيمةً في السوق، مما يعكس ثقة المستثمرين العالمية في مشاريعها المبتكرة.

رقم قياسي عالمي لسعر القدم المربع في فئة العقارات الفاخرة

تمتد البنتهاوس المباعة على مساحة واسعة تبلغ 47,200 قدم مربع، ليصل سعر القدم المربعة إلى 11,650 درهمًا، وهو ما يرسّخ دبي كصاحبة الرقم القياسي العالمي لأعلى سعر للقدم المربع ضمن فئة العقارات السكنية الفاخرة في الأسواق الدولية.

ويمثل هذا الرقم مؤشّرًا قويًا يعكس النمو المتواصل للقطاع العقاري في الإمارة، وتزايد الطلب العالمي على المشاريع التي تحمل هويات معمارية فريدة.

عبدالله بن غاطي يقود الصفقة الأكبر في تاريخ دبي

وجاءت هذه الصفقة القياسية بقيادة عبدالله بن غاطي، رئيس قسم المبيعات، الذي أتم العملية التي تجاوزت الرقم القياسي السابق المسجّل في نوفمبر 2023 لبيع بنتهاوس بقيمة 500 مليون درهم في مشروع «كومو ريزيدنسز». ويعكس هذا الإنجاز مستوى الاحترافية والتفوق التجاري الذي تتمتع به بن غاطي، وقدرتها على قيادة صفقات استثنائية تضع دبي في صدارة المشهد العقاري العالمي.

أيقونة معمارية تستقطب رموز الفن والرياضة حول العالم

ويتميّز «بوغاتي ريزيدنسز» بكونه أحد أكثر المشاريع جذبًا للشخصيات الدولية البارزة، حيث اختار عدد من المشاهير امتلاك وحدات سكنية داخله، من بينهم نجم كرة القدم العالمي نيمار جونيور، وأسطورة الأوبرا أندريا بوتشيلي، ولاعب كرة القدم الدولي إيمريك لابورت. ويعكس ذلك المكانة الاستثنائية للمشروع وهويته الفريدة التي تجمع بين هندسة متفردة، وخدمات فائقة، وتجربة معيشية نادرة لا تتكرر.

وفي سياق هذا النمو المتسارع، أكد محمد بن غاطي، رئيس مجلس الإدارة، أن أداء الشركة هذا العام يعكس قوة مكانتها في السوق قائلاً: “يمثل هذا العام علامة فارقة في مسيرتنا، حيث حققنا واحدة من أقوى نتائج قطاع العقارات في دبي، بتصدر بن غاطي حجم المبيعات بأكثر من 14,000 وحدة مباعة حتى تاريخه، متجاوزين أداء نظرائنا في القطاعين العام والخاص. هذا النمو المتسارع رسّخ مكانة بن غاطي ضمن أكبر ثلاثة مطورين عقاريين في الإمارة، وحجز لنا حصة مؤثرة في سوق دبي العقاري وفق أحدث بيانات دائرة الأراضي والأملاك. إن هذه المؤشرات تعكس قوة نموذج أعمالنا وثقة المستثمرين في مشاريعنا، وتؤكد استمرارنا في قيادة التحول النوعي في مشهد التطوير العقاري في دبي”.

وبهذا الإنجاز، تُثبت بن غاطي قدرتها المتواصلة على تعزيز حضورها في سوق يتطوّر بوتيرة متسارعة، واضعة معايير جديدة للتميز والجودة في القطاع العقاري. ويأتي هذا النجاح ليعكس رؤية الشركة الاستراتيجية واستمرارها في تقديم مشاريع ترتقي بالطموحات وتدعم مكانة دبي كمركز عالمي للعقارات الفاخرة.

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Taiba Signs MOU with China Travel Online to Strengthen Presence in the Chinese Tourist Market

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3 weeks ago

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November 20, 2025

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Taiba, a leading Saudi hospitality and real estate company listed on Tadawul, has signed a Memorandum of understanding (MOU) with China Travel Online (CBISN Services) to prepare Taiba hotels in the Kingdom of Saudi Arabia to welcome Chinese tourists and provide all services tailored to their needs, including language support, cuisine, and cultural experiences that appeal to Chinese visitors, ensuring a comprehensive hospitality experience.
The agreement includes collaboration in organizing and promoting joint events in both China and Saudi Arabia, exchanging knowledge, expertise, and best practices to enhance the readiness of Saudi destinations and hospitality sectors for the Chinese market, marketing and promoting joint events through digital, media, and trade channels, and exploring future cooperation opportunities in tourism and hotel investment.
Hassan Ahdab, Chief Hospitality Operations Officer at Taiba, said, “Our collaboration with China Travel Online marks a strategic milestone in expanding Taiba’s presence within the vast Chinese tourism market. We are dedicated to meeting every need of Chinese visitors -from language and cuisine to cultural immersion- ensuring their visit to the Kingdom is truly memorable. This collaboration will drive increased Chinese tourism and further position Saudi Arabia as a leading global tourism destination”.
The MOU was signed on the sidelines of the World Travel Market in London (WTM London), held from November 4 to 6, 2025, and outlines joint cooperation in organizing two key events in the Kingdom: The China MICE Summit 2026 and the China Ready Workshop.
China Travel Online will invite leading Chinese MICE operators to participate in the summit in Saudi Arabia and will deliver the China Ready Workshop to audiences in Saudi Arabia and the wider Middle East.
Taiba will be responsible for hosting the events locally, providing logistical support, coordinating with Saudi tourism authorities, and inviting Saudi suppliers to participate in both the summit and the workshop.
It is worth noting that Taiba Company places great emphasis on building strategic partnerships aimed at developing the tourism sector in the Kingdom. It has established collaborations with global hotel brands such as Marriott and Hilton, joined the membership of the World Tourism Organization, and has received several prestigious local and regional awards.

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ARTDOM Riyadh 2025 — The Kingdom Welcomes the World of Design

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1 month ago

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November 9, 2025

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 This November, Riyadh becomes the capital of global creativity.
From November 11–12, the iconic Kingdom Centre, Four Seasons Hotel, will host ARTDOM Riyadh 2025 — an international exhibition and congress dedicated to luxury interiors, art, architecture, and the design of contemporary living.
For two remarkable days, the world’s most distinguished design houses, visionary creators, and influential voices will gather in Saudi Arabia to celebrate the art of elegance, innovation, and craftsmanship. ARTDOM Riyadh is more than an exhibition — it is a curated experience that reflects the Kingdom’s growing role as a global design destination, aligned with the creative and cultural spirit of Vision 2030.
The event will feature iconic names in the global industry — legendary manufacturers and design ateliers that have shaped the aesthetics of luxury for generations.
On November 11 at 4:00 PM, the official Opening Ceremony will mark the beginning of ARTDOM Riyadh 2025. Organizers, ambassadors, influencers, and leading media will come together to celebrate the launch of this landmark event.
WHO WILL BE SHINING AT ARTDOM RIYADH EXHIBITION FLOOR
Gallery Design, Saudi Arabia’s premier multi-brand design destination, showcases iconic European brands including Minotti, Molteni&C, Flexform, Henge, Porada, and more. With over two decades of expertise, it redefines luxury living by seamlessly blending architecture, furniture, and art into elegant, harmonious spaces.
Dar Al Arkan Interiors, established in 2022, specializes in luxury branded furniture and operates nine showrooms across Riyadh and Jeddah. The company features prestigious brands such as Fendi Casa, Armani Casa, Versace Home, Bentley Home, Dolce & Gabbana Casa, Missoni Home, and Elie Saab Maison. Dedicated to offering exquisite designs and exceptional quality, Dar Al Arkan Interiors caters to the discerning tastes of its elite clientele.
VADA Design will introduce a remarkable showcase featuring Antonio Lupi + VADA Stone, Sahrai Milano, and Veraa — collections where Italian artistry meets contemporary innovation.
Arc de Sol will present an exceptional portfolio, including TOGAS, ALEAL, BARNINI, DAYTONA, MGM, BAOBAB, LOCKERBER, Yana Svetlova, and D’ORO — brands synonymous with refinement and European sophistication.
Lazado will present exclusive collections from Venini, Mat Royal, Vista Alegre, and more.
Art de Vivre will showcase its unique collection of handcrafted rugs — masterpieces that blend heritage and modern artistry.
Nicoletti Home will unveil its latest designs in beds, armchairs, and sofas, while Malerba will present contemporary furniture for every space.
Completing the exhibition floor will be THG, Gamma, Fiam Italia, Rejo Studio, MGM Furniture, FormItalia, Asnaghi, Studio Karmeh, Technogym, and Teckell, with Clive Christian offering a truly immersive perfumery experience — a multisensory journey through fragrance and design.
The Authors’ Area at ARTDOM Riyadh will shine a spotlight on individual artistry and the emotional side of design. Among the featured artists and studios: Zaza Maizon, Muntj Studio, Rejo Studio, Polina Pidtsan, Ghada Alamoudi, VADA Design.
The Public Talk program — visionaries of design
The Public Talk Program will span two days and bring together global icons, innovators, and thought leaders — each sharing insights on the evolution of design, luxury, and the cultural power of creativity.
Among the distinguished speakers:
Giulio Cappellini – Founder & Art Director, Cappellini
Massimiliano Ferrari – CEO, Corporate Brand Maison SA
Rossana Orlandi – International Gallerist and Design Curator
Draga & Aurel – Founders, Draga & Aurel Studio
Pierre Gonalons – Designer and Interior Architect
Hany Saad – Founder, Hany Saad Innovations
Marzia & Leonardo Dainelli – Founders, Dainelli Studio
Mohammed AlMashharawi – Founder, ArchiNet
Francesca Russo – Partner, Design Diffusion World (DDW)
Mara Firetti – Owner, Firetti Gallery
Uday Singh – Co-owner, Bagatelle
Yannic Leveque – Vice President of Acciona Living&Culture
Dr. Mohammad Baydoun – Senior Vice President, DAMAC Properties
The discussions will explore key topics including:
Interiors between art and design,
The changing role of design in hospitality (horeca),
Luxury interiors and product design,
The aesthetics of elegance,
The billionaire belt: why the GCC is the world’s hottest luxury market,
Luxury furniture and art as value drivers in development projects,
Design and craftsmanship: global experience and new opportunities,
Product design in luxury interiors: cases & collaborations,
Saudi 2030: the blueprint of a future city,
Architecture of connection
The role of art in public and residential design, and
Technology, sustainability, and the future of design.
In parallel with the public talks, ARTDOM Riyadh will host an exclusive B2B meeting program, connecting exhibitors with potential clients, developers, and decision-makers.
These meetings will foster strategic partnerships and collaborations — a professional platform designed to inspire new projects across the GCC and beyond.
Exclusive private events: for selected guests only
On November 10, the evening before the official opening, VADA Design will host a private preview at its VADA Stone Design and Sahrai Milano showrooms — a gathering for interior designers, clients, and influencers to connect in an intimate setting.
On November 11, a private Gala Dinner will take place for VIP guests — an elegant celebration reserved for key partners, international participants, and special invitees.
Later that evening, the ARTDOM Gala Party will unfold, bringing together participants, ambassadors, invited voices, and media in a night of music and connection.
The highlight of the evening will be a performance by DJ Viva, the Canadian-Saudi music producer and DJ.
Finally, on November 13, Gallery Design will host at its showroom an exclusive closing soirée — a private, invitation-only event for designers, clients, ARTDOM ambassadors, and influencers to conclude the week in a relaxed, creative atmosphere.
Partners and Media
ARTDOM Riyadh 2025 proudly collaborates with leading media and industry partners, including:
Harper’s Bazaar Arabia, SALON Interiors UAE, Identity, ArchiNet, Muzwaa, Interiors in SA, Design Middle East, AEWORLD, Riyadh Edit, and Destination Riyadh.
The event’s official chauffeur partner, Blacklane, will provide premium, sustainable transportation for guests throughout the exhibition period. To celebrate this partnership, all ARTDOM Riyadh attendees will enjoy an exclusive 25% discount on Blacklane rides.
It is an invitation to explore beauty, to connect with global excellence, and to witness the creative spirit transforming Saudi Arabia’s landscape.

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