RIYADH: The Red Sea project will pave the way for partnerships with the world’s leading tourism companies, Commerce and Investment Minister Majid Al-Qassabi said Wednesday.
The project was launched Tuesday by Crown Prince Mohammed bin Salman, deputy premier, interior minister and chairman of the Public Investment Fund (PIF).
Al-Qassabi said the project “is the first of its kind,” adding that it “will provide great investment opportunities and open the way for partnerships with the world’s leading companies in the tourism sector, boosting the national economy according to Vision 2030.”
Minister of Culture and Information Awwad bin Saleh Al-Awwad said The Red Sea project will serve the country and its citizens, and will help diversify the economy.
Ahmed bin Sulaiman Al-Rajhi, chairman of the board of the Riyadh Chamber of Commerce and Industry (RCCI), said the project will significantly support Vision 2030 by attracting quality investments, diversifying sources of national income and driving the economy.
It will also contribute to developing the Saudi entertainment infrastructure, he said, pointing out that special tourist resorts will be developed on more than 50 natural islands between the cities of Umlaj and Al-Wajh, allowing visitors to discover the hidden treasures of the Red Sea region.
Al-Rajhi said the project reflects great confidence in the Saudi investment climate, and the importance and multiplicity of investment opportunities in various fields.
Red Sea project to attract global tourism companies: Al-Qassabi
Red Sea project to attract global tourism companies: Al-Qassabi
Saudi FM joins Arab counterparts in talks with Slovenia on Gaza, regional stability
- Prince Faisal and Tanja Fajon later signed general cooperation agreement aimed at enhancing ties between Kingdom and Slovenia
LJUBLJANA: Saudi Foreign Minister Prince Faisal bin Farhan held talks with Slovenia’s Deputy Prime Minister and Minister of Foreign and European Affairs Tanja Fajon in Ljubljana on Friday, as he joined Arab counterparts for an expanded meeting focused on Gaza and wider regional developments.
Prince Faisal met Fajon separately to review Saudi-Slovenian relations and explore ways to strengthen cooperation across various fields, the Saudi Press Agency reported.
The two sides later signed a general cooperation agreement aimed at enhancing ties between the Kingdom and Slovenia and intensifying joint efforts to support further progress and prosperity for both countries, SPA added.
The expanded ministerial meeting also brought together Jordanian Deputy Prime Minister and Foreign Minister Ayman Safadi, Egyptian Foreign Minister Badr Abdelatty, Bahraini Foreign Minister Abdullatif Al-Zayani and Qatar’s Minister of State for Foreign Affairs Sultan Al-Muraikhi.
During the talks, ministers discussed ways to bolster regional and international security and stability, with a focus on the situation in Gaza.
They stressed the need to uphold the ceasefire agreement between Israel and Hamas, ensure its full implementation and deliver sufficient and sustainable humanitarian aid to the enclave.
The officials also reviewed efforts to advance US President Donald Trump’s peace plan and reiterated the importance of achieving a clear political horizon leading to an independent and sovereign Palestinian state along the 1967 borders, with East Jerusalem as its capital, based on the two-state solution.
They addressed developments in the occupied West Bank, calling for an end to illegal, unilateral Israeli measures and violations against Islamic and Christian holy sites in occupied Jerusalem, warning that such actions undermined de-escalation efforts.
The ministers praised Slovenia’s support for Palestinian rights and its recognition of a Palestinian state, and also discussed broader regional developments, ways to reduce escalation through dialogue, and efforts to resolve the Russia-Ukraine crisis.
