Cruise Saudi Announces Development of Private Red Sea Island for Cruise-Ship Tourism

The announcement was made during a ceremony held at Cruise Saudi’s headquarters in Jeddah. SPA
The announcement was made during a ceremony held at Cruise Saudi’s headquarters in Jeddah. SPA
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Cruise Saudi Announces Development of Private Red Sea Island for Cruise-Ship Tourism

The announcement was made during a ceremony held at Cruise Saudi’s headquarters in Jeddah. SPA
The announcement was made during a ceremony held at Cruise Saudi’s headquarters in Jeddah. SPA

Cruise Saudi, a company fully owned by the Public Investment Fund (PIF) and specialized in developing the Kingdom’s cruise tourism sector, announced the signing of a contract with PC Marine Services company to develop a private island in the Red Sea as an exclusive destination for cruise-ship passengers.
The announcement was made during a ceremony held at Cruise Saudi’s headquarters in Jeddah.
This project is a strategic step in Cruise Saudi's vision to enhance the cruise sector in the Kingdom, aligning with the goals of Saudi Vision 2030, which aims to diversify the national economy and increase the contribution of tourism to gross domestic product (GDP).
The new island will reflect authentic Saudi heritage through its design and diverse experiences, enhancing its status as the first of its kind in the Red Sea dedicated to cruise-ship passengers.
It is expected to be ready to welcome visitors by December 2024, positioning itself as a unique and prominent destination on the Kingdom's cruise tourism map.
The project aims to offer tourists a diverse range of recreational activities, both coastal and aquatic, complemented by a variety of unique facilities and services designed to create unforgettable experiences for all visitors. Among the amenities planned are a welcome center, dining area, beach club, private villas, sunbathing spots, and more. During the initial phase, the island will have the capacity to host up to 2,000 guests.
Cruise Saudi executive director of commercial and business development Mashhoor Baeshen said the project will significantly enhance the maritime tourism sector in the Kingdom, with the island poised to become a standout attraction for visitors exploring the Red Sea.
PC Marine Services president and chief executive Adnan Alshareef highlighted that the new island initiative presents a valuable opportunity to contribute to the advancement of the Kingdom's maritime infrastructure, fostering growth within the maritime tourism sector in alignment with the goals of Vision 2030.
PC Marine Services, a prominent player in the maritime project industry, has handled a diverse portfolio of significant projects, including the Obhur Waterfront Development project in Jeddah and the Cruise Berth Improvements project in Jeddah, Yanbu, and Dammam ports.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.