Red Sea Project to push Saudi Arabia to compete in global tourism arena, says Tourism minister  

Saudi Arabia will compete with 100 international tourist destinations once its luxury and sustainable hospitality destination Red Sea Project becomes operational. (Supplied)
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Updated 22 February 2023
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Red Sea Project to push Saudi Arabia to compete in global tourism arena, says Tourism minister  

RIYADH: The completion of the Red Sea Project will enable Saudi Arabia to compete in the global tourism arena and showcase the robust partnership between the Kingdom's public and private sectors, according to the Minister of Tourism.   

Speaking at a meeting with investors and business owners in the Chamber of Commerce in Makkah, Minister Ahmed Al-Khatib said Saudi Arabia provides services to 1.8 million Muslims in Makkah and Madinah – a market which is dedicated to the Kingdom.  

But Saudi Arabia will compete with 100 international tourist destinations once its luxury and sustainable hospitality destination Red Sea Project becomes operational, he said, adding that things are progressing thanks to the government working with private sector partnership. 

This comes as the Kingdom established numerous projects to provide services, enhance tourism, and craft regulations for the private sector since the launch of its tourism strategy in 2019.   

The Red Sea Project is the Kingdom’s giga-project which, according to Vision 2030’s official website, is “the world's most ambitious and exciting tourism and hospitality project: a luxury destination created around one of the world's last hidden natural treasures.”   

Al-Khatib added that the ministry has implemented the Air Connectivity Program — on which it spent over SR30 million ($8 million) last year — to facilitate transport into and out of the Kingdom.   

The ACP aims to connect cities directly with Jeddah and Riyadh, in addition to connecting over 22 destinations through direct flights.   

During the meeting, which was attended by Tawfiq Al-Rabiah, Minister of Hajj and Umrah, and Princess Haifa bin Saud, Deputy Minister of Tourism, Al-Khatib stressed the importance of the public-private sector partnership and its impact on developing the tourism sector and increasing its contribution to the economy.  

Talking about some of the other tourism efforts, the minister said that Saudi Arabia recently launched transit visa, an electronic service that will allow passengers stopping over in the Kingdom to obtain an entry visa.  

The transit visa for stopovers allows entry to Saudi Arabia for people in transit who wish to perform Umrah, visit the Prophet’s Mosque in Madinah, and tour the Kingdom.  

The stopover visa will allow passengers to stay in the country for up to 96 hours, enabling more visitors than ever to explore Saudi’s historical, cultural, and spiritual sites.  

Abdullah Saleh Kamel, chairman of the Makkah Chamber of Commerce and president of the Islamic Chamber of Commerce, spoke about the challenges the tourism sector faces as well as the solutions for those.   

He added that Makkah is currently undergoing a number of development projects, such as the Makkah Buses project, which within a year of its trial launch attracted 25 million passengers.

The Haramain Express Train alone accommodated 2 million pilgrims annually and an aggregate of 19 million pilgrims.  

Kamel added that five of the major projects in the city will provide 108,000 hotel rooms with investments estimated at SR170 billion.   

All these services are expected to contribute to overcoming obstacles and meet the increasing demand in Saudi Arabia, added Kamel.  


Saudi Arabia, Turkiye sign government agreement on renewable energy power plant projects 

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Saudi Arabia, Turkiye sign government agreement on renewable energy power plant projects 

RIYADH: Saudi Arabia and Turkiye have signed an agreement on renewable energy power plant projects. 

This took place during the official visit of Turkish President Recep Tayyip Erdogan to the Kingdom and within the framework of strengthening bilateral relations as well as consolidating strategic cooperation between the two countries in the energy sector. 

The agreement was signed on the Saudi side by Prince Abdulaziz bin Salman, minister of energy, and by Alparslan Bayraktar, minister of energy and natural resources, on behalf of the Turkish side. 

The agreement aims to enhance cooperation between the two countries in the fields of renewable energy and green technologies, and to support the development and implementation of high-quality projects that contribute to diversifying the energy mix, enhancing energy security, and accelerating the transition to a low-carbon economy, in line with the priorities and strategies of both countries. 

The agreement includes the development and implementation of solar power plant projects in Turkiye, with a total installed capacity of up to 5,000 megawatts, in two phases.  

The first phase entails two solar power projects in Sivas and Karaman, with a total capacity of 2,000 MW. The second phase includes additional projects to be implemented according to the frameworks agreed upon by both parties, with an additional capacity of 3,000 MW. 

The projects in the first phase offer highly competitive electricity prices compared to other renewable energy plants in Turkiye. Furthermore, these plants, representing an investment of approximately $2 billion, will supply electricity to more than two million Turkish households. 

A Turkish state-owned company will purchase the electricity generated by these plants for a period of 30 years. During the implementation of the projects, the local use of equipment and services will be maximized. 

Both sides affirmed that this agreement represents a significant step towards strengthening the investment partnership between the Kingdom and Turkiye. 

It also reflects the mutual trust between the two countries and their shared commitment to expanding cooperation in strategic projects with sustainable economic and developmental impact, in accordance with best international practices, while contributing to knowledge transfer, capacity building, and achieving mutual benefits for both nations. 

Trade exchange between the Kingdom and Turkiye increased by approximately 6 percent year on year during the first 11 months of last year, reaching around SR28.2 billion ($7.5 billion), according to the Financial Analysis Unit at Al-Eqtisadiah newspaper, based on data from the General Authority for Statistics. 

This indicates the continued development of trade relations between the two countries and improved flows of goods, 

The data revealed that Saudi exports constituted 58 percent of total trade exchange, compared to 42 percent for imports, resulting in a trade surplus for Saudi Arabia of SR4.4 billion. 

During this period, Saudi exports amounted to approximately SR92.6 billion, compared to imports of Turkish goods worth SR48.3 billion, resulting in a cumulative trade surplus in favor of Saudi Arabia of SR44.3 billion. 

Speaking at the Saudi-Turkiye Investment Forum 2026, Chairman of the Saudi-Turkish Business Council Sami Al-Osaimi said that 1,400 Saudi companies are in Turkiye with investments exceeding $18 billion, compared to 390 Turkish companies investing in the Saudi market, according to a statement.