‘Cruise Saudi’ Works to Expand Maritime Access Globally

The tourism sector is one of the key pillars in achieving Vision 2030. (Cruise Saudi)
The tourism sector is one of the key pillars in achieving Vision 2030. (Cruise Saudi)
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‘Cruise Saudi’ Works to Expand Maritime Access Globally

The tourism sector is one of the key pillars in achieving Vision 2030. (Cruise Saudi)
The tourism sector is one of the key pillars in achieving Vision 2030. (Cruise Saudi)

As the season of Islamic holidays approaches, people are looking for ways to unwind, with coastal tourism being a popular choice.

Cruise Saudi, owned by the Public Investment Fund (PIF), is gearing up to open new maritime routes, making it easier for tourists to explore more of Saudi Arabia.

Cruise Saudi’s Chief Strategy Officer Ghassan Khan revealed plans to develop Jazan port as a new stop for global cruise ships, allowing passengers to explore the Kingdom’s southwest region.

Additionally, the company aims to boost tourism in Madinah, making it easier for visitors to access historical sites.

Cruise Saudi has been instrumental in attracting tourists to Saudi Arabia, aligning with the Kingdom’s Vision 2030 goals.

Khan noted the company’s significant growth, including the development of three strategic ports in collaboration with government and private partners.

In 2023, Cruise Saudi welcomed over 170,500 visitors from 120 countries, and 13 inaugural visits by international cruise companies.

Khan emphasized the growing interest in exploring Saudi Arabia’s history and culture among passengers.

Looking ahead, Cruise Saudi aims to open 10 ports by 2035, expecting to attract 1.3 million visitors through cruise ships, contributing to the Kingdom’s tourism sector growth.

Khan underscored that 77% of the company’s workforce is Saudi, and it aims to create 50,000 tourism-related jobs in the Kingdom by 2035, benefiting the local workforce, particularly youth.

Additionally, the company is collaborating with local universities and government bodies to provide training and skills development for Saudis looking to work in the tourism sector, including maritime tourism.

Cruise Saudi is also working closely with international cruise companies to include the Kingdom in its routes, and it is designing various tours to appeal to visitors of all ages and backgrounds.



Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month
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Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi-based MAIR Group, an investment firm active in sectors including food retail and commercial real estate, said on Thursday it would list on the local bourse next month.

The company, which operates over 100 stores in the United Arab Emirates (UAE) under the ADCOOP and SPAR brands, said in a statement the listing on the Abu Dhabi securities exchange (ADX) would take place on Dec. 9.

It did not disclose the amount of stock shareholders and employees plan to sell through the so-called direct listing, which takes place when a company offers shares to the public without going through a bank-backed initial public offering, Reuters reported.

As MAIR prepares to list "we are ready to amplify our impact, strengthen our foundations, and invite stakeholders to join our journey," Managing Director and CEO Nehayan Al Ameri said.

MAIR, which also manages more than 12 shopping centers through its commercial real estate division, booked revenues of 1.2 billion dirhams ($326.7 million) in the first half of 2024.

Last year, it distributed 135 million dirhams in dividends, equal to 12.11% of the share capital, to its over 12,000 shareholders.