Dubai’s SBX Cars Sets New Record for Most Valuable Online Car Sale
The 2015 Lamborghini Veneno Roadster sold on Dubai-based SBX Cars for $6,000,000 last week.
3 min
A 2015 Lamborghini Veneno Roadster featured on SBX Cars, a Dubai-based platform, became the most valuable car ever sold via an online-only auction, selling for an astounding $6,000,000.
This sale breaks the previous record held by a 2017 Ferrari LaFerrari Aperta, which sold for $5,360,000 in 2022. The sale not only establishes a new benchmark for online car auctions but also signifies a major achievement for the newly-established SBX Cars platform, showcasing its potential in the high-end car market.
The rare Veneno Roadster, only one of nine worldwide, had previously appeared at a well-known in-person auction house in 2020, with an estimated sale price of between €4,500,000 and €5,500,000, however, failed to sell.
Previously owned by a member of the House of Saud, the royal family of Saudi Arabia, the coveted road-legal 6.5-liter naturally-aspirated V12 Veneno Roadster has a maximum output of 750 PS / 552 kW / 740 HP and accelerates from 0 to 100 km/h in just 2.9 seconds, with a top speed of 355 km/h.
Finished in a matt black over an interior trimmed in lime green and black leather, the super sports car also boasts lime-green pinstriping on the exterior, adding a touch of contrast and personality to its fighter-jet-like bodywork.
In the two months since launching, SBX Cars has registered thousands of global bidders from over 40 countries, and has sold cars into the US, Mexico, Dubai, Kuwait, Germany and Hong Kong. The platform is the world’s first global premium auction site, selling the most coveted and collectible vehicles to buyers all over the world.
SBX Cars also announced the exclusive rights to auction the highly-anticipated Lotus Black&Gold Collection – the world’s largest collection of Lotus historic cars and rare collectible assets from the famous John Player Special Formula One era.
The incredible collection consists of more than 25 rare lots, including Grand Prix racing cars, race team transporters from the period, as well as the Cessna 414A and Lotus Esprit personally owned by Colin Chapman, the founder of Lotus. The auction will be held in September.
Additionally, SBX Cars will look to set another world record when it brings to auction one of only three Lamborghini Veneno Coupes in the coming weeks.
More on the Veneno Roadster:
Based on the Lamborghini Aventador, the Veneno was developed to celebrate the Italian luxury sports cars and SUV manufacturer’s 50th anniversary. Available in both coupe and roadster variants, the latter made its public debut on board the Italian naval aircraft carrier Nave Cavour in December 2013.
The limited-edition super sports car was formally unveiled on the flight deck of the 240-meter ship while docked in Abu Dhabi’s Mina Zayed port in the United Arab Emirates. “The Lamborghini Roadster is one of the world’s most exclusive cars with the most extraordinary performance,” Stephan Winkelmann, President and CEO of Lamborghini, commented at the event.
The Lamborghini Veneno Roadster is a fully road-legal, open-top car, bringing the aerodynamic efficiency of a racing prototype to the road, with extreme design and breathtaking performance.
Of the nine Veneno Roadsters, the example featured on SBX Cars was the second to leave Sant’Agata. It was offered in virtually as-new condition both inside and out, with only 1,778 kilometers on the clock.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Statista has forecasted that technology services revenues in the UAE will climb by $3.8 billion in 2025.
< 1 min
The UAE’s technology sector is on track to achieve record growth in 2025, fueled by its commitment to digital innovation and adoption of advanced technologies. This progress cements the nation’s position as a global innovation leader and an attractive destination for tech enterprises worldwide.
By fostering a robust, innovation-driven ecosystem, the UAE has become a prime hub for both established and emerging tech companies. This success stems from its sustained investments in digital infrastructure and supportive regulations designed to encourage growth and creativity in the technology space.
Key areas such as artificial intelligence (AI), cloud computing, blockchain, and the Internet of Things are expected to be major contributors to the sector’s expansion. Statista has forecasted that technology services revenues in the UAE will climb by $3.8 billion in 2025, with a steady annual growth rate of 6.24% projected through 2029. By the end of this period, the market is anticipated to reach a valuation of $4.79 billion.
Industry leaders have emphasized the role of the UAE’s advanced infrastructure and business-friendly environment in attracting global technology firms. Harsh Sajnani, Founder and CEO of Kingpin, described the UAE, particularly Abu Dhabi, as a beacon for startups, highlighting its ability to foster innovation and global expansion.
Similarly, Alex Zito, Strategic COO of CapeCade, announced plans to relocate operations to the UAE, citing the nation’s exceptional opportunities and strong government support. Zito noted that Abu Dhabi’s comprehensive ecosystem enables companies to transform regional customers into long-term clients, benefiting both startups and investors.
As the UAE continues its digital transformation journey, its technology sector is set to not only grow but also drive global innovation, reinforcing the country’s role as a powerhouse in the tech world.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
This initiative aligns with Changan’s long-term strategy to continually pursue breakthroughs in intelligent digital technologies
2 min
Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings Ltd. to research and develop flying-car related products. These are expected to include innovative flying cars and electric vertical takeoff and landing (“eVTOL”) aircraft, which are a type of electric vehicle which can take off and land vertically without a runway.
Changan, together with EHang, a leading global Urban Air Mobility (“UAM”) technology platform company, will leverage their respective strengths to develop innovative transportation solutions that can help open new economic development opportunities. For example, in China, it’s forecasted that the low-altitude economy — which refers to activities such as drone delivery which occur in the airspace below 1,000 meters — will be valued at a trillion dollars by 2030.
“In the next five years, Changan will invest over AED 10.07 billion to expedite the development of flying cars,” said Changan Automobile Chairman Zhu Huarong. “Over the next decade, we plan to invest more than AED 50.33 billion to explore comprehensive transportation solutions across land, sea, air and in humanoid robots.”
This initiative aligns with Changan’s long-term strategy to continually pursue breakthroughs in intelligent digital technologies and transform into an “intelligent low-carbon mobility technology company”.
The signing ceremony for Changan Automobile’s collaboration with EHang was part of Changan’s celebrations marking the inauguration of its Global Science and Art Center, an integral part of the company’s Global R&D Center in Chongqing. Changan’s Global Science and Art Center will focus on research in the science, technology, and design fields. Over the next 10 years, the company will invest over AED 15.10 billion to establish a team of over 3,000 experts and talents there to explore forward-looking fields such as artificial intelligence, and information technology, as well as innovations in customer experience and design.
This is part of Changan Automobile’s global R&D network which currently includes 16 technology research and product development centers and 17 technology companies, and a technical R&D team of more than 18,000 people from 31 countries and regions around the world.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Interior designer Thomas Hamel on where it goes wrong in so many homes.
This agreement aims to offer training for hospitality students at their hotels across Saudi Arabia.
< 1 min
At the advisory council meeting for the second academic semester of 2024-2025, Aleph Hospitality signed a Memorandum of Understanding with the International Technical Female College in Al-Madinah, Saudi Arabia, to support new generations of Saudi hospitality students.
The advisory council meeting brought together a distinguished group of attendees, including representatives from the Ministry of Education, the Ministry of Tourism, other key government sectors, and prominent private companies. The gathering underscored the shared commitment to advancing workforce development and fostering opportunities in all sectors.
At the conclusion of the meeting, Tariq Dowidar, Vice President Saudi Arabia of Aleph Hospitality, signed a Memorandum of Understanding (MoU) with the International Technical Female College in Al-Madinah, Saudi Arabia. This landmark agreement sets the stage for a robust collaboration aimed at providing Saudi students with hands-on training opportunities at Aleph Hospitality’s hotels across the Kingdom. The MoU also outlines the potential for future employment opportunities, supporting the Kingdom’s goals of workforce localization and economic diversification.
Tariq Dowidar also shared valuable insights and presented suggestions on how to develop localization initiatives within the hospitality sector. In alignment with Saudi Arabia’s Vision 2030 goals, his recommendations focused on equipping Saudi students with the skills, training, and experiences needed to thrive in the growing tourism industry.
“We are honored to collaborate with the International Technical Female College in Al-Madinah to empower the next generation of Saudi hospitality professionals. This partnership reflects our unwavering commitment to nurturing local talent and aligns with the Kingdom’s Vision 2030 goals for workforce development and the growth of the tourism sector,” said Tariq Dowidar.
Aleph Hospitality remains steadfast in its mission to support Saudi talent development, contribute to the Kingdom’s ambitious Vision 2030, and drive the growth of the hospitality and tourism industries.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
This milestone confirms the success of the company’s 360-degree strategy built on brand and product innovation and excellence in the luxury super sports car segment.
3 min
With a total of 10,687 cars delivered during 2024, equivalent to an increase of 6% compared to 2023, Automobili Lamborghini scores the best annual result in its history for deliveries to customers. This milestone testifies to the marque’s client loyalty as well as a growing new customer base and confirms the success of the company’s 360-degree strategy built on brand and product innovation and excellence in the luxury super sports car segment.
“2024 was a year of continuous growth for Automobili Lamborghini, in line with the positive trend of the last several years: an accomplishment that reflects the increasingly strong bond we have with our customers and the growing interest in our brand shown by new generations,” remarked Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini. “In a period of transformation, we have introduced models that earned the seal of approval, reflecting our commitment to always pushing boundaries and expectation while focused on sustainable development. The results highlight the success of strategically balancing supply and demand, along with a well-calibrated order portfolio, strengthening the brand’s desirability and the residual value of our products.”
In 2024 all three macro-regions experienced growth compared to previous years, showing a positive and balanced trend that is also reflected in the individual markets in which Automobili Lamborghini operates. The EMEA area led the expansion with a 6% increase and 4,227 cars delivered, followed by the Americas up 7% with 3,712 units. The APAC region registered an increase of 3%, reaching a total of 2,748 cars distributed.
“2024 was an extraordinary year for Automobili Lamborghini, with results that reflect not only the strength of our product portfolio, but also the crucial support of our network of 186 dealers and the brand’s well-established presence in all 56 international markets where we operate,” said Federico Foschini, Chief Marketing and Sales Officer. “Thanks to the strategy adopted, we demonstrated that Automobili Lamborghini is not only a leader in the super sports car segment, but also a touchstone for the future of luxury automobiles.”
Balanced growth was also recorded across the three models in the lineup, with the top place going to the Revuelto, the first super sports V12 hybrid HPEV produced in Sant’Agata Bolognese. Right from its presentation in March 2023, the Revuelto grabbed the attention and interest of customers worldwide. Renowned internationally for its exceptional performance and bold design, the Revuelto has secured a strong order portfolio that extends until the end of 2026.
Alongside the Revuelto, the Huracán also played a pivotal role in the success of 2024. With production of the last cars still in progress with deliveries scheduled throughout 2025, in its five versions of Sterrato, EVO Spyder, Tecnica, STO and STJ, the Huracán is moving toward the end of its production cycle and will pass the baton to its heir, the Temerario. Unveiled in August 2024 during the USA’s Monterey Car Week, the Temerario garnered significant attention thanks to its innovative design and world-class technological features, firmly establishing itself as a genuine “Fuoriclasse”.
The role of the Urus range as a pillar of the Lamborghini lineup has been consolidated thanks to the unveiling of the Urus SE plug-in hybrid version in April 2024 at the Beijing Auto Show. This model, which is set to replace the current Urus S and Performante versions, marks a significant step forward thanks to its mix of distinctive design, cutting-edge technologies, and extraordinary versatility. The Urus SE received an immediate positive response on a global scale, reinforcing Lamborghini’s leadership in the super SUV segment.
2024 was not only a record year but an important turning point for Automobili Lamborghini. Over 18 months the company presented three new models and completed the transition towards an entirely hybrid range, in alignment with its Direzione Cor Tauri strategy, becoming the first super sports car manufacturer in the world to offer a completely electrified portfolio.
These results enable the House of Sant’Agata Bolognese to approach 2025 with its strongest product lineup ever. During 2025 and in the coming years, the company will continue to invest in technology, keeping the focus on innovation as an integral part of the most significant investment campaign in its history, and facing the challenges of the future with the same determination that marked its success in 2024.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
This agreement reinforces the strong and growing partnership between them following the successful launch of Fairmont Ramla Serviced Residences last year.
2 min
Accor, the global leader in hospitality, has joined forces with Naif Alrajhi Investment to introduce the first TRIBE and TRIBE Living locations in Saudi Arabia, as part of the King Salman Park project. This collaboration marks a pivotal moment in redefining modern hospitality within the Kingdom.
This initiative, which underscores TRIBE’s global expansion, is closely aligned with Saudi Vision 2030‘s objective of fostering dynamic and vibrant urban spaces. It also builds on the successful partnership between the two entities, highlighted by the Fairmont Ramla Serviced Residences.
TRIBE sets out to transform the hospitality landscape with its modern, stylish, and accessible offerings tailored for a new generation of travelers. The King Salman Park project, spanning 290,000 square meters, will feature a mixed-use development that includes residential units, commercial offices, retail spaces, restaurants, a school, a hotel, and community facilities.
Strategically situated near major attractions and transport links, the project is designed to integrate seamlessly with the park’s natural beauty, ensuring both accessibility and harmony with its surroundings.
The new TRIBE property will offer 250 rooms, complemented by two restaurants, including a rooftop dining experience. Adaptable meeting facilities and a banquet hall will cater to business needs, while wellness-focused amenities such as a state-of-the-art gym and swimming pool ensure an enriching experience for all guests.
TRIBE Living will provide 150 modern apartments, ranging from studios to three-bedroom units, along with shared spaces like a clubhouse. Residents will enjoy access to the hotel’s dining and recreational facilities, creating a vibrant and connected community.
Naif Saleh Alrajhi, Chairman & CEO for Naif Alrajhi Investment, commented on the collaboration, stating, ” As a real estate developer and master lessee of the King Salman Park Package 1, mixed-use project, we are proud to be contributing to the realization of Vision 2030 and development of our nation’s real estate sector. We are delighted to be working with Accor once again, a trusted partner, to introduce new and iconic brands to the local market for the first time. This partnership is a significant step forward in our ongoing commitment to delivering world-class destinations that cater to both local and international audiences.”
“This collaboration is a testament to our commitment to the Saudi market and our alignment with Vision 2030. The introduction of TRIBE and TRIBE Living to Saudi Arabia showcases our focus on design-led, lifestyle experiences that meet the growing demand for modern, accessible hotel offerings in Riyadh. We are excited to continue our strong collaboration with Naif Alrajhi Investment to bring this groundbreaking project to life.” said Duncan O’Rourke, Accor’s Chief Executive Officer, Premium, Midscale & Economy brands for Middle East, Africa and Asia Pacific.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
This remarkable achievement underscores the hotel’s dedication to showcasing the warmth of Jordanian hospitality through the epitome of luxury.
2 min
The Ritz-Carlton, Amman proudly announces its ranking as the #1 hotel in the Intent to Recommend (ITRec) survey for the Europe, Middle East and Africa regions, highlighting Jordan’s status as a preferred global destination for luxury travel to new heights. This remarkable achievement underscores the hotel’s dedication to showcasing the warmth of Jordanian hospitality through the epitome of luxury.
Shining a new light on the Kingdom, The Ritz-Carlton, Amman has led the rankings among 27 Ritz-Carlton properties across Europe, the Middle East, and Africa for over 28 consecutive months. Furthermore, it has ranked fifth globally out of 108 Ritz-Carlton locations in 30 countries, underscoring not only the hotel’s excellence but also its role in placing Jordan on the world stage as a premier destination for unparalleled guest experiences.
In response to this remarkable achievement, Mr. Tareq Derbas, General Manager of The Ritz-Carlton, Amman, said, “This recognition is more than a celebration of our hotel; it is a celebration of Jordan’s rich culture and the generosity of its people. Through The Ritz-Carlton, Amman, we are proud to bring Jordan to the forefront of the global luxury hospitality scene, showcasing the Kingdom’s warmth, kindness, and authenticity. Our Ladies and Gentlemen are honored to serve as ambassadors of Jordan, offering guests the very best of our country within the unmatched standards of The Ritz-Carlton.”
Mr. Derbas continued, “Our team’s passion and unwavering commitment to excellence are the true heart of this achievement. Their dedication allows us to not only exceed expectations but also elevate Jordan as a must-visit destination for travelers seeking luxury and authenticity in equal measure.”
It is worth noting that the Intent to Recommend survey is a key metric within the Marriott Group, gauging guest satisfaction across various criteria. The consistent top rankings achieved by The Ritz-Carlton, Amman reflect the tireless efforts of its Ladies and Gentlemen, who take pride in presenting the best of the Kingdom to the world. By combining Jordan’s rich heritage with world-class luxury, The Ritz-Carlton, Amman has become a beacon for travelers seeking unique and transformative experiences, ensuring every guest leaves with memories to treasure.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The announcement comes on the back of HRE’s recent partnership with Dubai Cares to support the education of youngsters in developing countries.
2 min
As part of its vision of ‘building with purpose’ and empowering citizens both in the UAE and internationally, HRE Development – a pioneering Dubai real estate company – has confirmed it is the main sponsorship partner of the ‘Fazza International Championships for People of Determination 2025,’ joining forces with Dubai Land Department (DLD), along with the Dubai Club for People of Determination and the Dubai Sports Council.
The championships, set to commence on 01 February 2025, will be held under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council (DSC) and Chairman of the Higher Committee for the Protection of the Rights of People of Determination in Dubai
This announcement comes on the back of HRE Development’s recent partnership with Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), whereby it extended a financial contribution of AED 30 million to Dubai Cares’ mission, ensuring that underprivileged children and youth in developing countries gain access to quality education.
As a developer, HRE has set itself a unique mission – Building with Purpose – which aims to give back at every opportunity.
The latest edition of the ‘Fazza International Championships’ features four major sports tournaments, including the 16th Fazza International Para Athletics Grand Prix, with the participation of 1,000 athletes; the first Fazza International Swimming Championship, welcoming 500 athletes; the 16th Fazza International Para-Badminton Championship, featuring 300 athletes; and the ninth Fazza Para Archery World Ranking Tournament, also hosting 300 athletes.
These events aim to create an inclusive competitive environment that brings together athletes from over 70 countries, nurturing values of excellence and inclusivity. Through these championships, which were first launched 16 years ago, Dubai seeks to reinforce its position as a city that is supportive of People of Determination, providing them with all the tools necessary to achieve success and unleash their creativity.
Wissam Breidy, CEO of HRE Real Estate Development, said: “We are honored to be the strategic partner of the Fazza International Championships, reinforcing our mission of purposeful building to leave a positive impact on the community. We are committed to creating spaces that empower individuals, foster inclusivity, and support resilience. By supporting the UAE team for People of Determination, our mission goes beyond constructing structures; it becomes about laying the foundation for dreams, aspirations, and communities where everyone has the opportunity to thrive. This mission aligns with the vision of Dubai, the UAE, and its wise leadership to create a positive impact and build a sustainable and prosperous future for all.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
New region includes 95 retail partners across 41 markets, and represents a third of global sales volume
< 1 min
Bentley Motors announces today the alignment of its business operations in the UK, Europe, Middle East, Africa and India into a combined region, now becoming the EMEA region and biggest for the luxury marque.
It will comprise 95 retail partners in 41 markets and represents approximately a third of Bentley’s sales volume globally.
Leading the new region will be Richard Leopold, Regional Director, who has over 17 years of experience with Bentley Motors and a deep understanding of complex regional markets, having already commanded each market under this new regional structure.
He adds: “I am extremely excited to continue to collaborate closely with our retail partners to drive the growth of our business across the UK, Europe, Middle East, Africa, and India under this new guise. This journey will not only focus on the launch of new models aligned with our Beyond100+ strategy but also emphasize enhancing our network and elevating the customer experience in our biggest single region in the world.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The 41,792-sq.m center capable of storing approximately 100,000 different parts will also expediate parts delivery times, supporting Ford’s expansion in the Middle East and its growing customer base.
2 min
Ford has officially inaugurated its new state-of-the-art Parts Distribution Center (PDC) in Dubai South. The 41,792-square-meter facility, developed in collaboration with DB Schenker, a global leader in logistics, comes in record time less than a year after its January 2024 groundbreaking, underscoring Ford’s commitment to better serving customers across the Middle East.
By consolidating operations into a single state-of-the-art facility, Ford is streamlining processes, significantly improving operational efficiency, while simultaneously enhancing service efficiency and accuracy. The PDC, which achieves an increase in capacity, will serve countries from the UAE to Saudi Arabia, all the way to Angola, and Ghana.
Reinforcing Ford’s dedication to placing customers at the heart of its operations, the new PDC will also improve parts availability, optimize inventory management, and expedite delivery times.
“With these improvements, we’re confident that the enhanced service levels and reduced wait times will elevate Ford’s customer satisfaction and build trust in our brands and distributors”, said Kay Hart, President of Ford International Markets Group.
Ako Djaf, VP of Contract Logistics and Supply Chain Management of DB Schenker, Middle East and Africa, commented: “At DB Schenker, we take great pride in supporting Ford’s ambitious vision for operational excellence in the Middle East. The new Parts Distribution Center stands as a testament to the power of collaboration and innovation, designed to streamline supply chain processes, enhance customer satisfaction, and contribute to sustainability goals. By leveraging our global expertise and advanced logistics solutions, we are excited to play a pivotal role in Ford’s journey to deliver exceptional service to its customers across the region.”
The new facility equipped with 20 container docks – 10 for inbound and 10 for outbound operations – is capable of storing approximately 100,000 different parts, and features state-of-the-art technology, including drones for site safety through aerial monitoring and inventory management. Utilizing an SAP S/4HANA warehouse management system, the PDC can perform paperless picking through barcode scanning improving accuracy, control, and planning, leading to better stock availability and reduced error margins.
The facility is also designed with a 1.3-meter raised floor to mitigate flooding risks as well as an industry leading fire suppression system ensuring operational safety and minimal risk of operation interruption.
As part of Ford’s regional sustainability goals, the new PDC prioritizes environmentally responsible practices. A 400kW solar panel system, to be installed in the second half of 2025 and supported by the roof structure, is expected to reduce energy costs by 35 percent and decrease the carbon footprint by 290 tons. Additionally, the facility partners with eco-friendly suppliers and scrappers to ensure that all disposals are recycled or treated in accordance with regulations.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The partnership leverages Almosafer’s extensive travel services and diverse marketing capabilities to accelerate tourism growth in Madinah while delivering enriching and varied experiences for visitors.
2 min
The Madinah Region Development Authority has announced a strategic partnership with Almosafer, the leading travel company in Saudi Arabia and a subsidiary of Seera Group, to enhance tourism in Madinah. Unveiled during the Saudi Tourism Forum 2025, this collaboration aims to position Madinah as a premier destination for visitors from within the Kingdom and beyond.
The partnership leverages Almosafer’s extensive travel services and diverse marketing capabilities to accelerate tourism growth in Madinah while delivering enriching and varied experiences for visitors. Almosafer’s market expertise and digital solutions will provide a seamless cultural and entertainment experience at competitive prices through its comprehensive portfolio for corporate, governmental, and individual clients. This initiative aligns with efforts to elevate Madinah’s tourism offerings and attract a broader audience locally and internationally.
Commenting on the partnership, Mr Bandar Naqro, General Manager of Strategic and Corporate Communications at the Madinah Region Development Authority, said: “The unique historical and cultural heritage of Madinah makes it one of the most visited cities in the Kingdom, especially with the development of numerous archaeological sites and the activation of diverse tourism destinations. Our partnership with Almosafer will strengthen the city’s offerings and marketing initiatives, contributing to increased visitor numbers and enriched experiences, thereby achieving the objectives of Vision 2030.”
Muzzammil Ahussein, CEO of Almosafer, said: “We are honored to collaborate with Al Madinah Region Development Authority to help evolve and further promote one of the Kingdom’s most culturally rich heritage sites. Almosafer’s on-ground expertise, innovative technological solutions, and extensive reach enable us to offer a bespoke holistic experience for travellers from across the world. We look forward to further positioning Madinah as a wholesome tourist destination that provides an immersive cultural experience that is bound to be an unforgettable core memory for visitors. Saudi Arabia’s rich natural heritage and world-class amenities have made it a global hotspot today, and we are proud to power the ecosystem to drive more traffic to this vibrant destination.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Bringing more than 20 years of experience in the live event, entertainment, and venue management industry, Klima will oversee the day-to-day operations in his role as General Manager.
3 min
Oak View Group (OVG) and Ethara, who recently announced their appointment as the new operators of Zayed Sports City, have now taken over operations at the iconic Abu Dhabi venue.
As operators, they have announced the appointment of Danny Klima as General Manager, as well as the appointment of other management roles including Mohamed Bu Debs as Corporate Services Executive Director, and Christoff Cronje as Operations Director.
Bringing more than 20 years of experience in the live event, entertainment, and venue management industry, Klima will oversee the day-to-day operations in his role as General Manager with a focus on enhancing Zayed Sports City’s position as a leading sporting and entertainment destination.
With Zayed Sports City established as one of the UAE’s premier venues, OVG Middle East’s focus is to boost growth at all its facilities – Zayed Sports City Stadium, International Tennis Centre, Khalifa International Bowling Centre, Zayed Sports City Ice Rink, and Pavilion, as part of their vision to transform the venue and hospitality industry in the region.
Jessica Koravos, President of Oak View Group International, said: “We are delighted to have taken over as operators of Zayed Sports City and thrilled to announce the appointment of key management roles at the venue who will be instrumental to the venue’s success as we enter a new phase in our business operations. Our ambition as operators is to create a dynamic environment at Zayed Sports City that honours its legacy while appealing to the needs and aspirations of today’s sports and event audiences.”
David Powell, Chief Strategy & Business Development Officer of Ethara, said: “These appointments are part of our long-term strategy to make an impact on our offerings that will not only contribute to the UAE’s economic growth but also solidify our position as a leading entertainment and sporting venue in the region. We are passionate about our vision for Zayed Sports City and are committed to strengthening its role as the premier destination for grassroots, national, and international sports and entertainment through the enhancement of the venue’s experiences, facilities, and community engagement, ensuring the venue continues to inspire and lead in the industry.”
Danny Klima, General Manager of Zayed Sports City, commented on his appointment: “It is a privilege to be named General Manager of Zayed Sports City, a destination revered not only within the UAE but across the region, steeped in a legacy of excellence. Looking ahead, our aim is to infuse Zayed Sports City with new energy, crafting a vibrant space that celebrates its heritage, deepens its ties with the community and offers new programs and opportunities that inspire active lifestyles, foster grassroots talent, and create experiences that are inclusive and accessible for all ages and backgrounds. We will be focused on making it a destination that not only hosts world-class events, but it continues to play a vital role in shaping the sports culture of the UAE, inspiring future generations to carry its torch forward.”
Since its inauguration in 1980, Zayed Sports City has become a cornerstone of community sports in the UAE, and has staged major events such as the Mubadala World Tennis Championships, the WTA-sanctioned Mubadala Abu Dhabi Open, five editions of the FIFA Club World Cup, AFC Asian Cup, UAE National Day celebrations, President’s Cup for Ice Hockey, World Bowling Championships, WWE Live, Special Olympics World Games, Monster Jam, notable visits from dignitaries and statesmen, including Pope Francis and India’s Prime Minister Modi, and many more.
As well as serving the local sporting community, Zayed Sports City Stadium will welcome Coldplay as part of its global ‘Music of the Spheres’ World Tour on 9, 11, 12, and 14 January 2025. The tour’s line-up of four sold-out shows is set to become the UAE’s largest ever ticketed music event.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Wide range of options to improve driving dynamics and comfort.
3 min
In addition, an extended list of standard equipment and significantly increased customization options compared to the 911 Carrera make it an attractive new member of the Carrera model family. The sports car is available in Coupé and Cabriolet versions.
The iconic 3.0-litre twin-turbo six-cylinder boxer engine has been fundamentally upgraded for use in the new 911 Carrera S. The result is a significant increase in power with a simultaneous reduction in emissions. Its output of 353 kW (480 PS), with 530 Nm of torque, represents an increase of 22 kW (30 PS) compared to its predecessor. To achieve this increased performance and efficiency, Porsche fitted new turbochargers and has extensively optimized the charge-air cooling, among other things.
The new sports car is now based on the design of the 911 Turbo models of the previous generation. The Carrera S Coupé accelerates from zero to 100 km/h in 3.3 seconds and reaches a top speed of 308 km/h when tested on the track. An eight-speed Porsche dual-clutch transmission (PDK) transmits the power to the wheels.
Extensive list of standard equipment, exclusive options
The new brake system provides a significant upgrade in terms of driving dynamics. The system, familiar from the 911 Carrera GTS and supplied as standard with red brake calipers and discs measuring 408 millimeters at the front and 380 mm on the rear, ensures outstanding rates of deceleration. Further performance-enhancing options are available.
On request, Porsche offers the track-proven Porsche Ceramic Composite Brake (PCCB) system and the PASM sports suspension, which features a 10-millimetre-lower ride height combined with optional rear-wheel steering.
The damper hydraulics have been optimised compared to the predecessor model, providing even further improved drivability with increased precision and refined responsiveness. The steering, in combination with the optional rear-axle steering, is more direct and the kinematics of the front axle have been adjusted. This ensures even more agile and direct handling while also significantly increasing stability at high speeds.
Elegant interior
An option with even more extensive use of leather is also available, covering large areas of the interior – including the glove box lid, the side panels and the seat base. On request, Porsche adds contrast stitching in Crayon.
Throughout, the Carrera S benefits from the upgraded standard equipment found in the entire model series. This includes elements such as Matrix LED headlights and a wireless smartphone charger. Options include a lift system for the front axle, the innovative HD-Matrix LED headlights and the Sport Chrono package including the Porsche Track Precision app, which is ideal for track days.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Alexandre de Betak and his wife are focusing on their most personal project yet.
Round 2 of YAS Super Street Challenge (January 10 & 11) and Emirates Drift Championship (January 11) will take place this weekend to be held at Yas Marina Circuit, Abu Dhabi.
2 min
Following an action-packed Round 1 that attracted over 10,000 spectators to Yas Marina Circuit, Abu Dhabi’s favorite drag racing nights return for the penultimate round of the YAS Super Street Challenge on January 10 and 11. Adding even more excitement to the weekend, Round 2 of the Emirates Drift Championship will take center stage on January 11, showcasing the region’s top drifters in thrilling head-to-head battles.
Petrolheads can kick-start their weekend with the exhilarating roar of revving engines and clouds of drifting smoke in a high-octane atmosphere. Set against the backdrop of perfect UAE winter weather, YAS Super Street Challenge and Emirates Drift Championship promise heart-racing action, stunts, and the best of the automotive community at Yas Marina Circuit, the motorsport epicenter.
Complete with high-octane action and a showcase of driving skill, both events promise an unforgettable motorsport experience. Separate VIP tickets provide unique access tailored to each competition. Yas Super Street Challenge VIP tickets offer premium trackside views of the drag strip, along with light food and refreshments. While Emirates Drift Championship VIP tickets grant access to the exhilarating paddock, with exclusive front-row seats to the action.
In Round 1 of the YAS Super Street Challenge, over 100 participants battled for the coveted “King of the Street” title. As Round 2 approaches, 25 competitors will face elimination rounds on Saturday, 11 January, vying for a place in the thrilling finale this March. Meanwhile, EDC Round 2 will bring the adrenaline of high-speed drifting to Yas Marina Circuit, featuring fierce competition between the region’s best drifters following a successful first round in Liwa.
Don’t miss the atmosphere of Yas Marina Circuit’s unmissable motorsport events this season. The YAS Super Street Village, Emirates Drift Championship, and Motor Majlis are guaranteed to create an unforgettable night filled with excitement and unique automotive experiences.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
London holds a lasting fascination among Kuwait travelers, as it also recorded the highest bookings of all European cities on Wego last year.
< 1 min
Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), shared predictions on the top destinations favored by Kuwaiti travelers in 2025.
Leveraging current search data, Wego has pinpointed several cities that are poised to be popular among Kuwaiti travelers in the coming year.
In Europe, London takes the top spot of most searched destinations for 2025 on Wego so far.
London holds a lasting fascination among Kuwait travelers, as it also recorded the highest bookings of all European cities on Wego last year.
Wego experts noted its reign as a favorite due to its cultural allure and the enhanced accessibility afforded by the expanded UK ETA program. The online and expedited ETA program, which promises a 3-day processing period, has simplified travel, making the UK an even more attractive destination for Kuwait citizens.
Beyond London, other European cities such as Tbilisi City, Milan, Moscow, and Baku are also expected to be in high demand. These destinations offer a mix of unique and familiar cultural experiences and have been steadily climbing the ranks of preferred cities in 2025 on Wego.
In Asia, Southeast Asian cities were the most frequented by Kuwait travelers last year, a trend that is likely to continue into 2025. Manila, in particular, has seen the highest number of flight searches for the year ahead, reflecting the strong community ties between Kuwait and the Philippines.
Other Southeast Asian mainstays like Bangkok, Jakarta, and Kuala Lumpur are predicted to also dominate travel searches in 2025.
Based on Wego data, experts additionally predicted that cities outside of the SEA region like Tokyo and Seoul will continue to grow as top destinations among Kuwaitis, indicating a broadening interest in more diverse cultural and travel experiences in Asia.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Combines luxurious interiors with cutting-edge technology, including dual 12.3-inch HD screens and a BOSE premium audio system.
3 min
MG Motor has announced the launch of the new MG HS, an exceptional mid-size SUV that redefines style, performance and technology in the sector. Building on the success of the first-generation MG HS, which was voted Middle East Car of the Year by a panel of industry experts in 2020, the new model is now available across the GCC, Iraq, and Jordan. The new MG HS brings a bold new vision to the segment, building further on its international success.
The new MG HS offers exceptional value for money, with prices starting from USD 21,600 (excluding VAT). With its sporty design and advanced features, the new MG HS is perfect for younger buyers seeking passion, drive and control in their everyday adventures.
The new MG HS is designed to stand out in the competitive mid-size SUV segment, offering a perfect balance of style, performance, and technology. Its five-star Euro NCAP safety rating highlights MG’s commitment to safety, with the Level 2 Advanced Driver Assistance Systems (ADAS) providing added convenience and protection. Safety is further enhanced with features such as Intelligent Cruise Control, Automated Emergency Braking, Lane Departure Warning, Lane Keep Assist, Forward Collision Warning, and Blind Spot Information System. The vehicle includes a 360-degree HD camera, front and rear parking sensors, and up to six airbags, ensuring maximum occupant security.
Under the bonnet, the new MG HS offers two powerful and efficient engine options. Drivers can choose between a 1.5T powerplant, delivering 173 hp with a 7-speed dual-clutch transmission, or the 2.0T engine, producing 231 hp with a 9-speed automatic transmission. These engines, coupled with superior handling dynamics and enhanced NVH (Noise, Vibration, and Harshness) levels, make every drive smooth, responsive, and exhilarating. The sporty three-spoke squaricle steering wheel adds a touch of dynamism, ensuring an engaging driving experience that matches the SUV’s bold character.
Visually, the MG HS is a masterpiece of modern design. Its striking ‘Hunting Eye’ LED headlights and ‘The Shard’ full-length LED taillights lend it a confident and sophisticated look. Inside, the cabin combines high quality materials with cutting-edge technology. Dual 12.3-inch HD screens provide a fully immersive digital cockpit experience, while the premium BOSE audio system with eight speakers delivers crystal-clear sound. Convenience features such as dual-zone air conditioning, rain-sensing wipers, a wireless phone charger, and seamless Apple CarPlay and Android Auto integration further benefit the driving experience.
Practicality meets elegance in the MG HS, with a power tailgate and a versatile cargo capacity of up to 1,397 liters, making it perfect for family adventures and weekend getaways. The electronic panoramic roof invites natural light into the cabin, creating a spacious and airy feel, while memory functions for the driver’s seat and mirrors add a personalized touch. By delivering a winning combination of utility, performance, and affordability, the MG HS offers unparalleled value for young professionals and families.
Tom Lee, Managing Director of MG Motor Middle East, remarked: “The new MG HS represents the next step in our journey to redefine the mid-size SUV experience. Designed with the needs of young, ambitious drivers in mind, it combines passion, power, and practicality. If buyers are looking for a reliable SUV which is both sporty and stylish, the MG HS delivers on all fronts, making it a game-changer in the segment.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Self-tracking has moved beyond professional athletes and data geeks.
