As part of Crown Prince Mohammed bin Salman’s plan to diversify the economy away from oil, Saudi Arabia’s Public Investment Fund is developing a project to turn 125 miles of its Red Sea coastline into a global tourism destination.
By appealing to international beach vacationers and capitalizing on the growing trend of eco-tourism, this Red Sea mega-project is set transform Saudi Arabia’s tourism industry, with completion of the project’s first phase set for 2022.
Launching this project as an international tourist destination comes as a confirmation of the success of the outputs of the Kingdom Vision 2030, pointing out that this project represents great addition to the development and renaissance projects in our country, according to Saudi Arabia’s Minister of Culture and Information Dr. Awad bin Saleh Al-Awad.
A Revitalized Coastline
Built across a lagoon of 50 untouched islands between the cities of Umlaj and Al-Wajh, the revitalized Red Sea coastline promises to be an idyllic coastal retreat, situated just a few kilometers from one of the most diverse Saudi nature reserves and captivating dormant volcanoes in Harrat Al-Rahat.
Visitors will be able to explore hidden treasures in the project’s nature reserves, from the stunning diversity of plants to the rare wildlife, including leopards, wolves, wildcats and falcons. In addition to activities such as parachuting, trekking and rock climbing, the project’s environmentally protected coral reefs and mangroves will allow for unparalleled scuba diving among stunning coral reefs inhabited by several endangered marine species. The Red Sea Project will feature all the amenities of a luxury modern resort while setting a new standard in Saudi Arabia for sustainable development and environmental protection.
Diversifying Saudi Arabia’s Tourism Industry
In line with Vision 2030, the Kingdom’s dynamic socio-economic development plan that seeks to attract more than 1 million visitors annually, the project will diversify Saudi tourism offerings to create a year-round hospitality sector.
The Public Investment Fund will inject initial investments and start partnerships with international companies to complete the development of luxury hotels and residential units, as well as necessary infrastructure for access by air, land and sea. Once completed, the Red Sea Project is expected to create 35,000 jobs and add $4 billion to Saudi Arabia’s economy per year.
Read more Arab News.