Saudi Launches $13 Bln Plan To Turn Costal Region Into Tourism Hub

Milan / Italy – Saudi Arabia’s crown prince Mohammed bin Salman launched a 50 billion riyal ($13 billion) strategy on Tuesday to develop the Aseer region on the Red Sea coast into a tourism hub that would attract 10 million visitors by 2030. The aim is to develop tourist attractions in the mountains area and … More Saudi Launches $13 Bln Plan To Turn Costal Region Into Tourism Hub

Arab Coalition Thwarts Houthi Attack In South Of Red Sea: SPA

The Arab Coalition on Monday thwarted an imminent attack launched by the Iran – backed Houthi Mililia in the south of the Red Sea, according to the Saudi Press Agency (SPA). ‘The Houthi militia continues to threaten shipping lines and global trade’, the Arab Coalition spokesman said. ‘The militia uses the Stockholm Agreement as an … More Arab Coalition Thwarts Houthi Attack In South Of Red Sea: SPA

BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

RIYADH | SAUDI ARABIA – Saudi Arabia’s energy ministry is to offer assistance so that NEOM, a $500 billion high – tech development that includes tourism and sport facilities on the Red Sea, can be completed on Schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km development, first revealed in 2017 … More BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom