NEOM: The Saudi Red Sea Authority and NEOM signed a memorandum of understanding on Friday to cooperate on developing legislation, regulations, and technology in marine tourism, reported the Saudi Press Agency.
The MoU’s goal is to enhance research, deliver innovation, and improve the visitor experience for tourists in Saudi Arabia’s existing, emerging, and future Red Sea coastal destinations.
SRSA Acting CEO Mohammed Al-Nasser and NEOM’s CEO Nadhmi Al-Nasr signed the partnership, which they hope will promote an exchange of expertise and enable the implementation of joint initiatives.
The agreement also reflects SRSA’s commitment to attracting investment in coastal tourism activities.
The partnership will further assist small and medium enterprises in the sector through administrative, technical, and advisory support.
Via this agreement, SRSA aims to integrate with relevant public, private, and third-sector entities to achieve one of the goals of Saudi Vision 2030, which is to develop coastal tourism as a valuable sector of the Kingdom’s economy.
NEOM, Saudi Red Sea Authority sign MoU to develop marine tourism regulations
https://arab.news/y93k7
NEOM, Saudi Red Sea Authority sign MoU to develop marine tourism regulations
- The MoU’s goal is to enhance research, deliver innovation, and improve the visitor experience for tourists
- The agreement reflects SRSA’s commitment to attracting investment in coastal tourism activities
Saudi Vision 2030 sectors drive growth, with 192k new registrations in 2025
RIYADH: Saudi Arabia’s Ministry of Commerce announced growth in trade activities across the Kingdom’s promising Vision 2030 sectors during 2025.
The ministry said more than 486,000 commercial registries were issued for companies and establishments during the year, bringing the total number of active registries to over 1.8 million.
It revealed a 20 percent increase in commercial registries issued for companies in 2025, with 192,000 company registrations recorded compared to 2024.
Activities in several priority sectors also saw growth in total commercial registries. Registrations in artificial intelligence technologies rose 34 percent to 19,042, while travel and tourism organizing activities increased 31 percent to 10,665 registries.
Meanwhile, virtual and augmented reality technologies recorded a 29 percent rise to 11,725 registries. Cybersecurity activity grew 27 percent to 9,766 registries, while electronic games manufacturing also increased 27 percent to 841 registries.
Vehicle charging station operations expanded 26 percent to 4,313 registries. Amusement and theme park activities rose 20 percent to 8,376 registries, while the e-commerce sector recorded a 9 percent increase to 43,854 registries.
