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Saudi Arabia’s 22 Red Sea islands project on track

Saudi Islands are on the rise in the Red Sea promising a luxurious destination of no equal

Development plans details how 22 islands are creeating a global luxury destination Phase 1 to be completed in 2022, includes an airport, marinas, residential properties, recreational facilities and up to 3,000 hotel rooms. Project expected to create 70,000 jobs

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 ($5.94bn) 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.

Read: Egypt commits 1,000 sqkm in south Sinai to Saudi’s $500bn NEOM

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.

*Source: AETOSWire