RIYADH: The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Investment has released a report titled “Invest in Coastal Tourism,” highlighting the significant role of coastal tourism in driving the goals of Saudi Vision 2030 to attract around 19 million tourists to the Red Sea coast, the Saudi Press Agency (SPA) reported.
The report also outlines the sector’s contributions to diversifying the national economy, attracting investors, investments, generating new income sources, and creating job opportunities. It further emphasizes the significance of protecting the marine environment in order to ensure its sustainability for future generations.
SRSA aims to develop a thriving coastal tourism sector in the Red Sea, contributing about SAR85 billion to the GDP by 2030, the SPA added. The goals include capturing around 30 percent of the Kingdom of Saudi Arabia’s leisure tourism and 40 percent of total entertainment spending, attracting around 19 million tourists, and generating over 210,000 jobs.
The SPA reported that this effort aligns with SRSA’s mandates, which include encouraging investment in navigational and marine tourism activities while offering technical, administrative, and advisory support to all investors, especially small and medium enterprises. It aims to promote these activities in order to enhance the coastal tourism field and position the Red Sea as a compelling international destination.
In line with its recent initiatives, SRSA is also dedicated to providing a unique experience for tourists in the Red Sea, fostering an attractive investment atmosphere, setting model infrastructure standards, and creating prestigious coastal tourism destinations. It aims to achieve sustainable tourism and effective governance within the coastal tourism system.
