Cruise Saudi teams up with Columbia blue to elevate AROYA Cruises offering 

The partnership aligns with Cruise Saudi’s vision to offer a unique Arabian cruise experience. (Supplied)
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Updated 25 August 2023
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Cruise Saudi teams up with Columbia blue to elevate AROYA Cruises offering 

RIYADH: Cruise Saudi, a wholly-owned venture of the Public Investment Fund, has unveiled a strategic partnership with the leisure services platform, Columbia blue, for the development of its much-anticipated premium cruise line, AROYA Cruises. 

In a significant move, Cruise Saudi has selected Columbia blue, one of the leading players in the ship management industry, as its designated ship manager for AROYA Cruises. 

The platform specializes in cruise and expedition passenger vessel management and boasts a large portfolio featuring some of the globe’s most distinguished brands. 

Under this partnership, Columbia blue will be responsible for AROYA Cruises’ hotel management operations, covering critical areas such as guest relations, housekeeping, crew management and food and beverage. Additionally, the platform will take charge of deck and engine management, ensuring the vessel’s smooth operation and passenger safety. 

Talking about the collaboration, Cruise Saudi’s CEO, Lars Clasen, emphasized the significance of this partnership in delivering a unique voyage for AROYA Cruises passengers.  

“Columbia blue is a leader in the ship management industry and an instrumental organization for AROYA Cruises to work with. This strategic partnership is crucial in ensuring that AROYA Cruises passengers have the best possible experience on-board,” he said. 

The partnership aligns with Cruise Saudi’s vision to offer a unique Arabian cruise experience. 

Columbia blue’s CEO, Norman Schmiedl, expressed pride in contributing to crafting an authentically Arabian experience for AROYA Cruises guests.  

He added: “We are extremely proud to be helping AROYA Cruises deliver a remarkably Arabian experience to their guests. We are deploying all of our 40 years of experience in cruise ship management to deliver safe, efficient and sustainable standards to AROYA Cruises.” 

Announced in June 2023, AROYA Cruises is set to be the Kingdom’s upscale maritime venture, designed to cater to the preferences of Saudi nationals, expatriates, and regional visitors. 

The partnership with Columbia blue underscores Cruise Saudi’s broader mission to generate 50,000 employment opportunities within Saudi Arabia and welcome an estimated 1.3 million cruise passengers annually by the year 2035.  

Earlier this week, Cruise Saudi and the Royal Commission for Jubail and Yanbu inked a memorandum of understanding to unlock the tourism potential of the Kingdom's unexplored southern region. 

This strategic partnership aims to position the southern region as a captivating destination for tourists, fostering growth in tourism and contributing to the region’s economic advancement.   


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.