King Salman given update on progress of Red Sea Project

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The first phase of the project is set to be completed in 2022. (SPA)
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The first phase of the project is set to be completed in 2022. (SPA)
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The first phase of the project is set to be completed in 2022. (SPA)
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The first phase of the project is set to be completed in 2022. (SPA)
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The first phase of the project is set to be completed in 2022. (SPA)
Updated 14 December 2018
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King Salman given update on progress of Red Sea Project

  • The king and crown prince were given an update on the progress of the bold tourism project
  • By the time the project is completed, there will be 22 developed islands out of a total of 90 islands

RIYADH: King Salman received a team from The Red Sea Development Company, led by CEO John Pagano, at Al-Yamama Palace in Riyadh on Wednesday
The team gave the king and Crown Prince Prince Mohammed bin Salman a progress report on the ambitious tourism and leisure project.
Pagano gave a presentation detailing the master plan for the Red Sea Project and its economic and developmental objectives, which aim to establish it as a leading global destination in the luxury tourism sector.
The first phase of the project, scheduled for completion in 2022, will include up to 3,000 hotel rooms, an airport to serve the destination, and marinas, along with residential properties and recreational facilities.
By the time the project is completed, there will be 22 developed islands out of a total of 90 islands. It is expected to create 70,000 jobs and play a significant role in driving economic diversification in the Kingdom by attracting nearly a million visitors a year and contributing SR22 billion to the country’s GDP.
Following the briefing, the project team was congratulated by King Salman, who praised the project and its objectives to position the Kingdom on the global tourism map, create investment opportunities for local private-sector companies, and develop the country’s tourism industry while preserving the nation’s cultural and environmental heritage.


Saudi Crown Prince Mohammed bin Salman arrives in South Korea

Updated 11 min 32 sec ago
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Saudi Crown Prince Mohammed bin Salman arrives in South Korea

JEDDAH: Saudi Arabia’s Crown Prince Mohammed bin Salman has arrived in Seoul on Wedneday for the first leg of his official trip to South Korea and Japan.
The Crown Prince was welcomed by South Korean President Moon Jae-in who earlier sent an invitation, and whose visit was based on the directives of King Salman, the royal court said in a statement carried by state news agency SPA.

 

 

He will meet with the president and a number of officials to discuss bilateral relations and issues of common interest.
The crown prince will also head to Japan after Korea to head the Kingdom’s delegation at the G20 summit in Osaka on Friday and Saturday.
During his visit to Japan, the crown prince is expected to meet with several heads of states and senior officials, among them Russian President Vladimir Putin, according to the Kremlin.