Halal Focus

Saudi Arabia Braces for Winter Weather

Riyadh has a new entertainment complex: Snow City. How about a family outing at the ice rink? For a city of four million that sees an average July temperature near 36°C (96°F), the potential is self-evident. The spend is much less than a winter holiday in Les Trois Vallées. This private-sector initiative emphasizes steps to industrial diversification in the Kingdom, but it also points to a growing leisure sector in many emerging markets, not just China or India. For investors, such projects offer enormous cash-flow potential. They may also be less cyclical than expected. Latent consumer demand across the developing world is notoriously difficult to measure.

Learn more at the Arab News

© 2016 Cranganore Inc. All rights reserved.
Unauthorized use and/or duplication of any material on this site without written permission is prohibited.

Image Credit: Aetb at Can Stock Photo Inc.

Important Disclosure: The book-title and cover-image hyperlinks on this page are affiliate links. If you opt to make a purchase from amazon.com, we earn a sliver of revenue at no cost to you. The gesture is a much-appreciated vote of encouragement, signalling continued interest in these recommendations.

Required Notification: The website sponsor is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

Related posts
Halal Focus

Muslims Mourn Gold Price

Halal Focus

Islamic Finance Falters on Global Stage

Halal Focus

Entrepreneurs Gain From Burkini Effect

Halal Focus

Retail Sales Reinvented in Islamic World