logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. AlUla Development pacts with Live Nation to manage Maraya

AlUla Development pacts with Live Nation to manage Maraya

NOHA.GAD
Aug 1, 2024
AlUla Development partnered with Live Nation to manage operations at Maraya

Riyadh - Sharikat Mubasher: AlUla Development Company, one of the Public Investment Fund’s (PIF) companies, signed a partnership agreement with Live Nation Arabia to manage operations at Maraya, the Guinness World Record holder for the largest mirrored building in the world.

Under this three-year agreement, Live Nation Arabia will manage various operational functions including venue bookings at Maraya, the Saudi company revealed in a recent statement.

Both parties will join efforts to transform Maraya into a premier entertainment venue that hosts a wide range of events including concerts, cultural performances, exhibitions, and conferences.

Fabien Toscano, CEO of AlUla Development Company, stated that the partnership will unlock the full potential of Maraya as a hub for world-class entertainment and cultural experiences.

“Maraya's top-tier audio-visual facilities, combined with Live Nation Arabia's international operational expertise, from planning to execution, set the stage for unparalleled experiences and new standards for entertainment in the heart of AlUla," Toscano said.

He further affirmed the company’s commitment to showcasing and celebrating AlUla’s natural beauty and rich heritage to the world.

Located in AlUla, Maraya is equipped with a state-of-the-art theatre, versatile meeting rooms, and expansive indoor and outdoor spaces that cater to a wide array of events.

For his part, James Craven, President of Live Nation Arabia, commented: “This collaboration signifies a fusion of tradition and innovation, promising unforgettable experiences for audiences and artists alike in a venue that uniquely mirrors the rich cultural heritage and natural beauty of AlUla."

Tags

Saudi Arabia
Real Estate
Maraya
Real estate
Guinness World Record
Share

Attract clients with your ad

Start Now

Trending

Edarat Group, Dell join forces to advance Saudi Multicloud adoption
MUBASHER.SA
Stc, Ericsson sign five-year agreement to expand 5G capabilities
MUBASHER.SA
Saudi Exports signs strategic MoUs at Made in Saudi Expo 2025
MUBASHER.SA
Riyadh becomes Middle East's first Global Active City
MUBASHER.SA
JLL acquires minority stake in PIF-owned FMTECH
Riyadh – Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) and global real estate services firm JLL announced that JLL will acquire a significant minority stake in Saudi Facility Management Company (FMTECH), while PIF will retain a majority holding.According to an official joint press release, the transaction remains subject to customary closing conditions.Following the transaction, FMTECH is expected to benefit from JLL’s global operating expertise, digital facilities management platforms, and international network, supporting service quality, operational efficiency, and transparency across its delivery model. The move is also intended to accelerate knowledge transfer and the localization of advanced technologies within the Saudi facilities management sector.Established by PIF in 2023, FMTECH operates as a national integrated facilities management platform, serving PIF portfolio companies alongside public and private sector clients across the Kingdom. The investment is set to deepen JLL’s presence in Saudi Arabia and builds on its existing partnership with PIF.Saad Alkroud, Head of Local Real Estate Investment at PIF, highlighted that the deal aligns with PIF’s real estate strategy and its broader mandate to drive economic diversification and urban development.Meanwhile, Neil Murray, CEO of Real Estate Management Services at JLL, noted that the partnership combines global operational capabilities with strong local market insight to meet growing demand in Saudi Arabia’s expanding real estate and infrastructure landscape.

Related News

Private Equities News
Calendar Icon
Dec 16, 2025
Edarat Group, Dell join forces to advance Saudi Multicloud adoption
Read More
Private Equities News
Calendar Icon
Dec 16, 2025
Stc, Ericsson sign five-year agreement to expand 5G capabilities
Read More
Private Equities News
Calendar Icon
Dec 16, 2025
Saudi Exports signs strategic MoUs at Made in Saudi Expo 2025
Read More
Private Equities News
Calendar Icon
Dec 16, 2025
Riyadh becomes Middle East's first Global Active City
Read More
Private Equities News
Calendar Icon
Dec 15, 2025
Riyad Air signs MoU with Huawei to advance digital capabilities
Read More
Private Equities News
Calendar Icon
Dec 15, 2025
Saudi Transport Sector attracts over SAR 280 bn in private investments
Read More
Private Equities News
Calendar Icon
Dec 15, 2025
Monsha’at, RLC team up to support retail entrepreneurs
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher