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.


Over 150 Chinese investors seek Saudi partnerships in petrochemicals, plastics, and printing

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Over 150 Chinese investors seek Saudi partnerships in petrochemicals, plastics, and printing

RIYADH: More than 150 Chinese investors in the petrochemicals, plastics, and printing sectors are seeking strategic partnership opportunities with their Saudi counterparts, aiming to localize specialized industries and boost investment flows.

Over three days, Dammam is hosting a new edition of the Gulf 4P International Exhibition for Plastics, Printing, Packaging, and Petrochemicals at the Dhahran International Exhibitions Center. The exhibition continues its position as one of the largest specialized industrial and commercial platforms in the region, according to Al-Eqtisadiah. 

Following the exhibition’s inauguration, Hamad Homoud Al-Hammad, chairman of the National Contracting Committee at the Federation of Saudi Chambers, stated: “Through strategic support, the availability of raw materials, and the existence of infrastructure, Saudi Arabia has managed to become the largest plastic industry in the Middle East, supported by a consumer base both domestically and externally.”

Al-Hammad explained that estimates indicate that demand for plastic products is set to grow by more than $3 billion in the coming years, opening wide horizons for promising investment opportunities. 

He pointed out that the exhibition represents an opportunity for suppliers, investors, and manufacturers to gather to enhance partnership opportunities and exchange knowledge and technology, thanks to the broad participation from international and local companies. 

The exhibition also contributes to cementing Saudi Arabia’s position as a globally attractive destination for advanced industries, especially in the plastics, printing, and petrochemicals sectors.

Significant growth in sector-related markets

For his part, ‏Mshari Al-Kuwaiflie, Regional Director of MIE Events, the exhibition organizer, told Al-Eqtisadiah that the Chinese companies and factories participating in the exhibition are opening wide horizons for Saudi investors to build commercial and investment partnerships. 

They will be able to learn about the latest technologies in packaging, printing, plastic manufacturing, and petrochemicals, especially since the market in the Kingdom is witnessing accelerated growth in these sectors.

He clarified that the value of the packaging market in Saudi Arabia exceeded $2 billion in 2021, with expectations to reach $2.6 billion by 2027.

According to estimates from exhibition participants, the plastic packaging market is estimated at about $8.59 billion in 2025, poised to rise to more than $10 billion by 2030. The value of the printing market in 2023 reached about $1.435 billion, with expectations to exceed $1.871 billion by 2030.

‏Al-Kuwaiflie said: “The numbers demonstrate that there are promising and available investment opportunities that can form a solid foundation for launching commercial and investment partnerships between the participating Chinese companies and factories and Saudi companies, especially in sectors related to transformative industries amid a broad industrial transformation witnessed by Saudi Arabia, which is the largest in the Gulf in the printing, packaging, and plastics sectors.”

An international platform for manufacturers and suppliers

The exhibition, which witnessed participation from factories from Turkiye, India, and other countries, offers extensive displays of the latest industrial innovations and technologies in petrochemicals, plastics, and packaging, in addition to industrial equipment, construction and building sectors, and conditioning systems.

The exhibition’s program also includes business sessions and direct meetings between companies, buyers, and decision-makers, along with a dedicated B2B platform for coordinating meetings between investors and exhibitors.

This is with the participation of trade delegations from Saudi Arabia, the Gulf, Asia, and Europe, aiming to build new international partnerships that contribute to enhancing a diversified economy based on knowledge and modern technologies, in line with the objectives of Saudi Vision 2030.