Cruise Saudi to double team as it seeks to attract more operators

PIF launched Cruise Saudi in January to develop a cruise industry in the Kingdom and help create more than 50,000 jobs in the tourism industry through 2035. (File/Shutterstock)
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Updated 25 May 2021
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Cruise Saudi to double team as it seeks to attract more operators

  • It comes as Saudi Arabia looks to develop a thriving cruise sector to showcase its top tourist attractions for the first time

DUBAI: Cruise Saudi is set to double its team in the coming months as it prepares to attract more operators to the Kingdom.
It comes as Saudi Arabia looks to develop a thriving cruise sector to showcase its top tourist attractions for the first time.
It also follows the recent announcement that MSC Cruises will become the first operator to home port in Jeddah this year.
Mark Robinson, chief commercial and operations officer at Cruise Saudi told an online panel at the Arabian Travel Market in Dubai that the company could soon make further cruise operator announcements as it hired more staff at its Jeddah base.
“MSC was the first one but stand by, there will be other ships down in the Red Sea this winter,” he said. “We will be a one stop shop for the cruise lines liaising with the government in terms of cruise visas, port services and shore excursion providers.”
Robinson, who is this week in Miami meeting with cruise industry companies, said the company’s 40-strong team would grow to 95 by the end of the third-quarter of 2021.
PIF launched Cruise Saudi in January to develop a cruise industry in the Kingdom and help create more than 50,000 jobs in the tourism industry through 2035. It will develop ports and terminals in several Saudi cities to give access to Saudi heritage and culture, including a number of UNESCO World Heritage sites that are near the coast.
As well as the new Red Sea cruises from Jeddah with MSC Magnifica, the company’s newest ship MSC Virtuosa will visit Dammam during her first season in the Gulf from her homeport in Dubai. MSC Opera will also be based in Dubai for winter 2021/22 for cruises to Oman.
Robinson said that the arrival of cruise ships in Saudi Arabia for the first time would also bring dividends to the entire region as more tourists visited the Gulf.

 


Closing Bell: Saudi main market closes the week in red at 10,526 

Updated 25 December 2025
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Closing Bell: Saudi main market closes the week in red at 10,526 

RIYADH: Saudi equities ended Thursday’s session modestly lower, with the Tadawul All Share Index slipping 14.63 points, or 0.14 percent, to close at 10,526.09.    

The MSCI Tadawul 30 Index also declined 3.66 points, or 0.26 percent, to 1,389.66. In contrast, the parallel market outperformed, as Nomu jumped 237.72 points, or 1.02 percent, to close at 23,430.93.  

Market breadth on the main market remained tilted to the downside, with 156 stocks ending lower against 99 gainers.    

Trading activity eased further, with volumes reaching 80.46 million shares and total traded value amounting to SR1.66 billion ($442 million).    

On the movers’ board, Saudi Industrial Export Co. led the gainers, rising 6.6 percent to SR2.10, followed by Consolidated Grunenfelder Saady Holding Co., which advanced 6.43 percent to SR9.60.    

Raoom Trading Co. climbed 4.36 percent to SR61.05, while Astra Industrial Group gained 4.35 percent to close at SR139. Riyadh Cables Group Co. added 3.77 percent to end the session at SR135.00.    

On the downside, Methanol Chemicals Co. topped the losers’ list, falling 5.96 percent to SR7.41.  

Flynas Co. retreated 5.43 percent to SR61.00, while Leejam Sports Co. dropped 5 percent to close at SR100.80.    

Alramz Real Estate Co. slipped 4.64 percent to SR55.50, and Almasane Alkobra Mining Co. declined 4.55 percent to SR84.00.  

On the announcement front, ACWA Power said it has completed the financial close for the Ras Mohaisen First Water Desalination Co., a reverse osmosis desalination project with a capacity of up to 300,000 cubic meters per day, alongside associated potable water storage facilities totaling 600,000 cubic meters in Saudi Arabia’s Western Province.    

The project was financed through a consortium of local and international banks, with total funding of SR2.07 billion and a tenor of up to 29.5 years, while ACWA Power holds an effective 45 percent equity stake.  

Shares of ACWA Power ended the session at SR185.90, up SR0.2, or 0.11 percent.     

Meanwhile, Consolidated Grunenfelder Saady Holding Co. announced the sign-off of a customized solutions project with Saudi Aramco Nabors Drilling Co., valued at SR166.0 million excluding VAT.    

The 24-month contract covers the sale and maintenance of field camp facilities, with the financial impact expected to begin from the first quarter of 2026.