Red Sea Global announced the arrival of the first direct European flight to Red Sea International Airport, marking a new milestone in the development of Saudi Arabia’s tourism sector and its global connectivity, in alignment with the goals of Saudi Vision 2030.
Travel and tourism across Europe is forecast to grow by 3.1% in 2026, outperforming the wider economy and accelerating from the sector’s 2.6% growth recorded in 2025, according to the latest research from the World Travel & Tourism Council (WTTC).
Global air cargo spot rates have continued to surge going into the second half of October, reaching $3.8 per kg, as ongoing tensions in the Middle East continued to constrain regional capacity and elevated fuel costs added to pressure on the market ahead of the peak fourth-quarter shipping season, according to WorldACD Market Data.
Port of NEOM, a strategic deep-water maritime and logistics hub located at Oxagon within the mega Saudi futuristic city, haas signed an agreement with Ceva Almajdouie Logistics to explore integrated logistics solutions linking Europe, Egypt, Saudi Arabia, the GCC and Iraq through an emerging multimodal trade corridor.
Dar Global Capital Partners (DGCP), a unit of London-listed luxury developer Dar Global, has outlined a cross-border investment strategy targeting real estate opportunities across the GCC, Europe, UK and US. As part of this, DGCP is looking at setting up a dedicated Dubai-focused real estate opportunities fund.
UAE residents are increasingly choosing European destinations for National Day breaks and winter holidays, with demand rising approximately 25% year-on-year, according to travel platform musafir.com.
The Ajman Department of Tourism Development (ADTD) launched a promotional roadshow across several Eastern European countries, as part of its ongoing efforts to position Ajman as a leading global tourist destination.
Gulf Bridge International (GBI) said it has selected Nokia’s optical networking solution to build a new high-capacity terrestrial network, also designed for subsea backhauling, enhancing connectivity between Europe, the Middle East, and Asia.
By Q3 2025, Europe was the only region with increased hotel construction, showing 171,589 rooms in construction (+5.2%) and 428,345 total under contract (+3.7%), according to CoStar's September data.
Ascott, the wholly owned lodging business unit of CapitaLand Investment (CLI), has signed seven new properties through franchise and management agreements totalling nearly 1,100 units across Vienna and Seville, marking a significant milestone in its ongoing European expansion.
