NEOM partners with Dive Butler International to enhance aquatic experience in Sindalah

Dive Butler will operate a five-star Professional Association of Diving Instructors dive center in Sindalah. Shutterstock.
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Updated 31 October 2023
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NEOM partners with Dive Butler International to enhance aquatic experience in Sindalah

RIYADH: Saudi Arabia’s $500 billion giga-project NEOM has partnered with UK-based Dive Butler International to enhance the aquatic and diving experience at luxury island Sindalah. 

In a press statement, NEOM noted that the partnership will provide visitors with a deluxe experience both above and below the waters of the Red Sea. 

Under the agreement, Dive Butler will operate a five-star Professional Association of Diving Instructors dive center in Sindalah, providing a wide range of aquatic activities for visitors. 

Moreover, the firm will also operate electric and hybrid vessels that exclusively use environmentally friendly moorings. 

“We are proud to collaborate with Dive Butler International to provide our visitors with the opportunity to explore the marvels of Sindalah’s waters and facilitate unique experiences across a multitude of marine activities,” said Antoni Vives, NEOM’s chief urban development and islands officer. 

He added: “Sindalah, located in the north of Saudi Arabia’s Red Sea coastline, will offer the world a new destination for sustainable and cutting-edge underwater exploration activities all year round.” 

Alexis Vincent, founder of Dive Butler International, said that the company’s partnership with NEOM will offer a one-of-a-kind marine experience to visitors. 

“All Sindalah guests will have access to unique underwater excursions tailored to their preferences, ultimately giving them the best of marine exploration experiences,” added Vincent. 

Scheduled for a grand opening in 2024, Sindalah is expected to emerge as NEOM’s premier tourism destination.

Developing NEOM into a world-class tourist hub is one of the key goals outlined in Saudi Arabia’s Vision 2030, as the region is steadily diversifying its economy away from oil. 

The Kingdom’s National Tourism Strategy is to attract 100 million visitors by 2030 while raising the sector’s contribution to gross domestic product to more than 10 percent.

Earlier in August, NEOM had appointed JLS Yachts as a “key partner superyacht agency” for Sindalah. 

The partnership aims to transform the island into a sought-after destination for yachting enthusiasts worldwide, according to a press statement. 

In August, NEOM also inked a deal with IMG Golf Course Services to launch a nine-hole beachfront facility on Sindalah Island.

NEOM and BlueNalu join hands in sustainable food ecosystem push

NEOM has signed a memorandum of understanding with BlueNalu, a company known for developing cell-cultured seafood. 

According to a press statement, this partnership aims to progress the commercialization, marketing, and distribution of BlueNalu’s cell-cultured seafood products, along with developing sustainable solutions that will ensure food security in the Kingdom. 

Under the deal, both companies will work together to establish an incubation and food innovation ecosystem in Saudi Arabia. They will also engage with regulatory agencies to obtain the approval and sale of these novel foods. 

This partnership follows NEOM Investment Fund’s $20 million backing in BlueNalu, aimed at commercializing healthy and sustainable seafood around the globe. 

“Our investment in BlueNalu goes beyond mere financial backing; it marks a pivotal moment in our commitment to fostering sustainable regenerative aquaculture and resilient food ecosystems,” said Majid Mufti, CEO of NEOM Investment Fund. 

He added: “By aligning NEOM Food with BlueNalu’s trailblazing approach, we’re not just envisioning a sustainable future— we’re investing in the transformative technologies that make it achievable.” 

BlueNalu’s founder, President and CEO Lou Cooperhouse said the partnership with NEOM will help ensure an accessible seafood supply in Saudi Arabia. 

“By combining our global expertise in cell-cultured seafood and the tremendous number of strategic partnerships we’ve developed to date at BlueNalu, together with NEOM’s extraordinary vision and resources, we can accelerate the development of innovative, renewable food solutions via cell-cultured seafood,” he added.


Closing Bell: Saudi main index closes in red at 10,947 

Updated 19 February 2026
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Closing Bell: Saudi main index closes in red at 10,947 

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 208.20 points, or 1.87 percent, to close at 10,947.25. 

The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion), as 14 of the listed stocks advanced, while 253 retreated. 

The MSCI Tadawul Index decreased, down 25.35 points, or 1.69 percent, to close at 1,477.71. 

The Kingdom’s parallel market Nomu lost 217.90 points, or 0.92 percent, to close at 23,404.75. This came as 24 of the listed stocks advanced, while 43 retreated. 

The best-performing stock was Musharaka REIT Fund, with its share price up 2.12 percent to SR4.34. 

Other top performers included Al Hassan Ghazi Ibrahim Shaker Co., which saw its share price rise by 1.18 percent to SR17.20, and Saudi Industrial Export Co., which saw a 0.8 percent increase to SR2.51. 

On the downside, Abdullah Saad Mohammed Abo Moati for Bookstores Co. was among the day’s biggest decliners, with its share price falling 9.3 percent to SR39. 

National Medical Care Co. fell 8.98 percent to SR128.80, while National Co. for Learning and Education declined 6.35 percent to SR116.50. 

On the announcements front, Red Sea International said its subsidiary, the Fundamental Installation for Electric Work Co., has entered into a framework agreement with King Salman International Airport Development Co. 

In a Tadawul statement, the company noted that the agreement establishes the general terms and conditions for the execution of enabling works at the King Salman International Airport project in Riyadh.  

Under the 48-month contract, the scope of work includes the supply, installation, testing, and commissioning of all mechanical, electrical, and plumbing systems.  

Utilizing a re-measurement model, specific work orders will be issued on a call-off basis, with the final contract value to be determined upon the completion and measurement of actual quantities executed.  

The financial impact of this collaboration is expected to begin reflecting on the company’s statements starting in the first quarter of 2026, the statement said. 

The company’s share price reached SR23.05, marking a 2.45 percent decrease on the main market.