By 2030, the Saudi Red Sea Authority (SRSA) wants to see the Red Sea’s coastline tourism industry flourish and generate about SR85 billion in GDP. This would draw 19 million visitors, create more than 210,000 employment, and account for 30% of the Kingdom’s leisure tourism and 40% of all entertainment spending.
This was made clear in a paper called “Invest in Coastal Tourism,” which SRSA and the Ministry of Investment jointly published. The research emphasises how important seaside tourism is to achieving Saudi Vision 2030’s objectives.
According to the research, the industry helps diversify the country’s economy, draw in investments, produce new revenue streams, and create jobs. It also highlights how crucial it is to preserve the marine environment in order to ensure its sustainability for future generations.
This was disclosed in a paper called “Invest in Coastal Tourism,” which was published by SRSA and the Ministry of Investment. The importance of seaside tourism in advancing Saudi Vision 2030’s objectives is emphasised in the study.
The research describes the sector’s contributions to employment creation, investment attraction, revenue generation, and national economic diversification. In order to preserve the marine ecosystem for future generations, it also highlights how crucial it is to conserve it.
Also Read:
Four Imams have Been Appointed to Two Holy Mosques, Including Sheikh Badr Al-Turki
