Saudi Crown Prince leads Red Sea project briefing for King

HRH Mohammed Bin Salman led the delegation that briefed King Salman on the tourism project

The Red Sea Project will be established across 50 natural islands [image: Twitter/TheRedSeaSA].
The Red Sea Project will be established across 50 natural islands [image: Twitter/TheRedSeaSA].

The team leading the construction of the Red Sea Project has briefed HRH King Salman of Saudi Arabia on the coastal development’s overall outline and its objectives to become a global tourism destination. The Red Sea project team was led by HRH Prince Mohammed Bin Salman Bin Abdulaziz, the Saudi Crown Prince and Vice President of the Council of Ministers, Minister of Defense, and chairman of the board of directors of Red Sea Development Company.

According to Saudi Press Office (SPA), the Phase 1 of Red Sea Project will be completed in 2022, will see the establishment of about 3,000 hotel rooms within its facilities, a dedicated airport, yacht berths, and residential and recreational facilities.

After all stages are completed, 22 islands out of more than 90 will reportedly be developed, with more than 70,000 jobs set to be created.

READ: Phase 1 of Saudi's The Red Sea to complete in Q4 2022

The development will also play an important role in driving the Saudi's economic diversification by attracting about one million tourists annually, contributing $5.9bn (SAR22bn) to the kingdom's gross domestic product.

Following the briefing, which took place at Arqa Palace in Riyadh, the Saudi King reportedly praised the project’s objectives, which will "put the kingdom on the world map of tourism and contribute to creating investment opportunities for the local private sector”, as reported by SPA.

READ: GCC invests billions in cultural tourism projects

Crown Prince Mohammed Bin Salman, also chairman of Saudi Arabia's Public Investment Fund announced the launch of the Red Sea project, a 34,000km2 tourism hub between the Umluj and Al Wajh cities, in August last year.

Launched in a bid to support the kingdom's Vision 2030 strategy, the Red Sea project will be governed by independent laws and a regulatory framework developed and managed by a private committee, on par with international standards, SPA added.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020