SAUDI ARABIA’S RED SEA PROJECT ON TRACK
2018.12.18 18:27 | 관리자
A delegation from the Red Sea Development Company, led by chief executive
John Pagano, was received by King Salman bin Abdulaziz at Araqa Palace in Riyadh
on Tuesday (December 11).
Mr. Pagano made a visual presentation at the palace on the master plan of the
Red Sea Project, underlining its economic and development goals and the
project’s objective to become a global destination for luxury tourism. Crown
Prince Mohammed bin Salman, Chairman of the company, was also present.
Twenty-two islands on the Red Sea will be developed as part of the project that
is expected to create an estimated 70,000 jobs. It will not just contribute SAR
22 billion to Saudi Arabia’s GDP, but play a major role in the Kingdom’s
economic-diversification drive - a chief objective of Vision 2030 - by
attracting approximately one million tourists per year.
The first phase of the project, scheduled to be completed in 2022, will include
an airport, marinas, residential properties, recreational facilities and up to
3,000 hotel rooms.
King Salman lauded the delegates for planning a project that will propel Saudi
Arabia to a prominent position on the global tourism map and create investment
opportunities for the Saudi Arabian private sector - while simultaneously
preserving the nation’s cultural and environmental heritage.