286 Saudi islands on offer for tourism investment in southern Jazan

The 286 Farasan Islands are one of the biggest island groups in the southern part of Red Sea.
Updated 13 October 2017
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286 Saudi islands on offer for tourism investment in southern Jazan

JAZAN: The Saudi Commission for Tourism and National Heritage (SCTH) has announced that 286 islands off the Jazan coast will be on the market for tourism investment to raise the state’s income.
Rustom Al-Kubaisi, head of the SCTH’s branch in Jazan, said that an executive committee has been formed to encourage tourism investment by Jazan Gov. Prince Mohammed bin Nasser bin Abdul Aziz on Wednesday, along with a center for tourism investment services.
Al-Kubaisi, who was appointed secretary-general of the committee, told Sabq e-newspaper that forming this committee aims to publicize the Jazan region and the tourism investments available, facilitate and accelerate investment procedures so that the region can attract more investors from the tourism sector and make a qualitative shift to tourism services, in accordance with the Kingdom’s Vision 2030.
The committee aims to raise the competitiveness of the tourism investment environment in Jazan by resolving obstacles facing investors; accelerating investment procedures; offering investment opportunities in a professional way; studying investors’ needs, wishes and reasons keeping them from investing; creating a well-studied and intensive marketing campaign to introduce the region; and offering investment opportunities through the participation in specialized exhibitions in the Kingdom as a first step, and in the Arab Gulf as a second step.
The 286 Farasan Islands, are one of the biggest island groups in the southern part of Red Sea, and one of the most important touristic locations, thanks to its natural beauty.
The SCTH has allocated SR3 billion ($800 million) to develop and transform the islands into a touristic environment. Farasan is the largest island of the Farasan Islands, located some 50 km offshore from Jazan. A number of uninhabited islands serve as breeding sites for large numbers of birds and Arabian gazelles.
Farasan Island was considered a major part of the trade in pearls in the Indian Ocean and the Red Sea in ancient times.


Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

Updated 18 September 2018
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Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

JEDDAH: Saudi Arabia’s atomic energy program is fundamental for developing a sustainable energy sector, a senior minister told the International Atomic Energy Agency on Monday.
The Kingdom plans to start building its first two nuclear power reactors this year and as many as 16 over the next 25 years at a cost of more than $80 billion. The plan is to provide 15 percent of Saudi Arabia’s power from nuclear by 2032.
Speaking athe IAEA’s annual conference in Vienna, Energy Minister Khalid Al-Falih said the atomic reactor projects were were part of the Kingdom’s Vision 2030 to diversify its energy sources to nuclear and renewables.
The program “abides by all international treaties and conventions and best practices, adhering to the highest standards of safety, security and transparency,” Al Falih said.
The minister said Saudi Arabia was committed to the Treaty on the Non-Proliferation of Nuclear Weapons, which calls for nuclear disarmament and stresses the commitment of nuclear power states to share their peaceful technologies with abiding member states.
He also said the Kingdom had called for cooperation with the international community to make the Middle East a nuclear weapons free area.
The US has started to reintroduce heavy sanctions against Iran over its nuclear program, after Donald Trump pulled out of a deal with the country earlier this year to curb its atomic ambitions.
Al-Falih called on the international community to take a more stringent stance against all threats to regional and international security, particularly Iran, given its “alarming efforts to build its nuclear capabilities, in tandem with its increasing acts of sabotage and aggression against other states in the region.”