Saudi Arabia’s Red Sea tourism project will break ground in 2019 and open the first phase of its development in 2022, the Red Sea Development Company’s chief executive, John Pagano, said.
Saudi Arabia plans to develop resorts on 50 islands off the Red Sea coast backed by the Saudi sovereign wealth fund, the Public Investment Fund. The Red Sea Project, to be built between the cities of Amlaj and al-Jawh, will offer a nature reserve, diving in coral reefs and heritage sites.
Saudi Arabia signs memorandum worth $800 mln in education sectorThe company handling investments for the General Organization for Social Insurance in Saudi Arabia, Hassana, has signed on Wednesday a memorandum ... Economy
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Saudi energy minister: Deals signed at Riyadh conference worth $56 blnDeals signed at the Riyadh Future Investment Initiative conference reached a total value of $56billion, Saudi Energy Minister Khalid Al-Falih said on ... Energy
An ‘artificial’ storm and the reality of Saudi ArabiaYesterday in Riyadh, the scene was different despite the “crisis” the country is going through due to the unfortunate death of Saudi ... Middle East