Saudi Arabia a model for tourism infrastructure development, says Croatian minister

Croatia’s Minister of Tourism and Sport Tonci Glavina. AN/Abdulrahman bin Shulhub
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Updated 11 November 2025
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Saudi Arabia a model for tourism infrastructure development, says Croatian minister

RIYADH: Tourism is evolving rapidly, shaped by global trends and emerging technologies. At the 26th UN Tourism General Assembly held in Riyadh this year, two themes dominated the discussions: sustainability and artificial intelligence.

On the sidelines of the event, Croatia’s Minister of Tourism and Sport Tonci Glavina spoke with Arab News about his country’s efforts to enhance its visibility as a global destination, the strategies behind that goal, and the impressive progress made by Saudi Arabia in building its tourism industry.

“When it comes down to sustainability, I’m happy to say that Croatia is definitely one of the world leaders in this segment, as we are the only country now that is performing a complete rehaul and reform process that’s generated on a national level, but at the same time reduced to local and regional levels,” Glavina said.

“We are implementing a major change in terms of running our destinations based on the principles of sustainability, and all of our tourism destinations are obliged by law to perform or to complete care and capacity studies.”

These studies help identify the challenges and limitations of each destination — from infrastructure and tourist traffic to energy and waste management — enabling authorities to control development, manage services, and regulate accommodation offerings.

“We also are doing the green satellite account. We are the only country in the world that’s doing it right now,” he said. “A satellite account traditionally measures the direct or indirect benefits of tourism on the economy. But for the first time, we are now implementing how much does it actually cost us on the energy level and infrastructure level, and what the input is in terms of how much electricity, water, and infrastructure in general we need.

“This is a good thing to exchange with the world because it’s based on the, now, new methodology that we have created, and it’s important that we’re going to be able to measure it — how it changes in the future and how much we’re positively or negatively affecting it as we manage and control our tourism.”

Glavina noted that Croatia has also established a Center for Sustainability under the University of Zagreb in partnership with UN Tourism, serving as a hub for knowledge exchange. To further promote sustainable practices, Croatia has launched a new sustainability award, also in cooperation with the UN body.

“When it comes down to sustainability, us definitely being one of the world leaders in that regard, there is a lot of knowledge that we can share with our partners here in Saudi Arabia,” he said. “At the same time, what’s been done here is great and it’s a model, an example, for the rest of us to learn from and see.”

Having previously visited Jeddah and the Red Sea, Glavina commended Saudi Arabia for its long-term vision and extensive investments in tourism infrastructure. He expressed hope for stronger cooperation between the two countries and the exchange of expertise in sustainable tourism.

“What’s impressive to hear is that before, 70 percent of arrivals in Saudi were religion related and now the number, what I’m told, is down to about 40 percent,” he said. “That means that you have grown so much and created new motives for visiting that particular destination. This is something that I would strongly applaud, of course.

“And what you have to applaud is it’s such a significant investment in tourism infrastructure, which is the toughest thing to do, and as a result of what’s going on right now, will reap benefits, generations from now.”

He noted that Saudi Arabia’s government-led model of investment is a bold but effective approach. “Usually if you leave it to the private sector, it takes time. It takes years. This way, the model that Saudi Arabia is doing in which it’s making a significant investment and then at some point, transferring over to the market is very impressive,” he said.

Croatia, traditionally known for its sun and sea tourism, is now diversifying into nautical, gastronomic, enological, and adventure tourism, Glavina explained.

“Another thing is our strong orientation toward sustainable tourism; our strong orientation toward showing the people how you can have a very amazing and very popular and visited country such as Croatia, but at the same time have such a preserved nature, cultural heritage, and especially quality of life for its residents,” he said.

“We have to make sure in these major tourism countries, such as Croatia, that our citizens at every point feel as though tourism brings benefits to their life, not the opposite, so they’re not unhappy about us, so they’re not on the streets protesting like you have in some of the countries.”

The General Assembly in Riyadh marked several milestones — including the largest gathering of tourism ministers ever and the 50th anniversary of UN Tourism. It also celebrated a historic first: the election of Shaikha Al-Nowais as the new secretary-general of the UN Tourism, becoming the first woman and first Gulf national to lead the global body.

“It’s a great message to the world that UN Tourism or even tourism as a whole, has selected a leader to be a woman, plus, one of the, if not the, youngest person elected in this position before,” Glavina said. 

“I think that’s a great message to the world, and I think that in itself carries a message of change and transformation. And I think this is something that’s completely evident in all of tourism around the world.”


Regional Voluntary Carbon Market Co. reaches new partnerships in Asia

Updated 04 December 2025
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Regional Voluntary Carbon Market Co. reaches new partnerships in Asia

RIYADH: Saudi Arabia’s Regional Voluntary Carbon Market Co. has announced the signing of a memorandum of understanding with Marubeni Saudi Investment Co. to cooperate in the field of carbon credit trading. 

The company, founded by the Public Investment Fund and the Saudi Tadawul Group, said that the move represents a significant expansion of its global presence and strengthens its relationships in Asian markets, according to the Saudi Press Agency.

It has also signed a partnership with Singapore-based Climate Bridge International to serve as a consulting partner. The two parties will collaborate to enhance and expand carbon projects in the Kingdom and Global South countries. 

Climate Bridge International specializes in designing and implementing strategies aligned with climate efforts, including carbon project development, sustainability innovation, policy development support, and fostering multilateral cooperation.

The partnerships with both Marubeni and Climate Bridge International reinforce RVCMC’s role as a leading global platform characterized by high transparency and integrity, connecting carbon credit buyers and suppliers across regions while expanding access to reliable, high-quality climate solutions.

These partnerships reflect growing international confidence in the Kingdom’s efforts to build an institutional-standard carbon market, increasing interest from Asian companies in the Saudi economy, and enhanced cooperation in the fields of sustainability, green investment, and climate action.

The agreements were signed on the sidelines of the Priority Summit of the Future Investment Initiative in Tokyo, in the presence of the Ambassador of the Custodian of the Two Holy Mosques to Japan, Ghazi bin Faisal bin Zagr, and the Chairperson of the Board of Directors of RVCMC, Rania Nashar, underscoring the strategic importance of these partnerships.

Fadi Saadeh, acting CEO and head of technology at RVCMC, explained that this partnership with Marubeni enhances the company’s presence in Asian markets, supports the platform’s evolution toward a globally interconnected market, and contributes to diversifying the membership base and strengthening its international standing. 

It represents a new chapter in cooperation with leading Asian economies and reflects the confidence global partners place in the Kingdom’s efforts to build a transparent, world-class carbon market that creates real and tangible impact across various regions. 

He welcomed Climate Bridge International as a consulting partner, enabling entities in the Kingdom and the region to benefit from the expertise of this leading Singaporean company.

For his part, Naoki Tamaki, chairman of the Board of Directors of Marubeni Saudi Investment Co., affirmed that the MoU with RVCMC aligns with Saudi Vision 2030, combining RVCMC’s expertise in developing a high-integrity carbon market with Marubeni’s global experience in trading carbon credits and renewable energy.

He noted that through this MoU, the aim is to contribute to the Kingdom’s transition toward a low-carbon economy and support the establishment of a transparent and reliable carbon market ecosystem, promoting sustainable economic growth in Saudi Arabia and the Middle East region.

Alvin Lim, CEO of Climate Bridge International, stated that cooperation with RVCMC is based on uniting the strengths of both parties. The company contributes its expertise in market building and project development. 

This integration enables the formation of a new generation of technically efficient, investment-ready carbon projects inside and outside the Kingdom that align with the highest integrity standards.

RVCMC launched the first voluntary carbon credit trading platform in the Kingdom of Saudi Arabia on Nov. 12, 2024. The platform was designed to meet market requirements for transparency, scalability, and increased liquidity by providing institutional infrastructure. 

This facilitates transparent and secure transactions and provides access to price and data information for carbon credit projects, a fundamental factor for global market growth and providing a price indicator for projects in the Middle East and North Africa region.

Additionally, the platform is open to markets, integrates with leading global registries, and has the potential to develop specialized infrastructure for trading carbon credits to enable Islamic finance. It offers a market for auctions, requests for quotes, reported trading functions, alongside other services to be launched in the future.

The voluntary carbon offset market is expected to grow in terms of traded capital volume, rising from $2 billion in 2020 to approximately $250 billion by 2050.

To enhance the growth of the voluntary carbon market in the Kingdom and the region, RVCMC’s trading platform is designed to provide institutional infrastructure for both sellers and buyers, adding further speed and security to transactions..