The Saudi Red Sea Authority, in collaboration with the Ministry of Investment, has released the report “Invest in Coastal Tourism.” This report emphasizes the importance of coastal tourism in achieving Vision 2030 goals. It aims to diversify the national economy, attract investments, create job opportunities, and protect the marine environment for future generations.
The Saudi Red Sea Authority aims to build a thriving coastal tourism sector in the Red Sea that will contribute approximately 85 billion riyals to the GDP by 2030. It also seeks to achieve 30% of the total recreational tourism in the Kingdom and 40% of the total entertainment spending, by attracting 19 million tourists and creating over 210,000 job opportunities.
This comes as an extension of the authority’s tasks, the most prominent of which is to encourage and attract investment in navigational and marine tourism activities, and to provide administrative, technical, and advisory support to all investors, particularly small and medium-sized enterprises. Additionally, it aims to promote and market navigational and marine tourism activities to attract practitioners, thereby enhancing the coastal tourism sector in the Kingdom and contributing to making the Red Sea an attractive global tourist destination.
The authority works diligently to provide a unique and enjoyable experience for tourists in the Red Sea, creating an attractive environment for investment in the coastal tourism sector. It also establishes standard criteria for the infrastructure of the coastal tourism sector, innovates leading and prestigious coastal tourist destinations, achieves sustainable and renewed tourism, and ensures smooth and effective governance of the coastal tourism system.
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