The Red Sea Project is a $30 billion development located on Saudi Arabia's west coast that will create 120,000 jobs. The project was announced in 2017 by Crown Prince Mohammad bin Salman and will transform the region into a luxury tourism destination focused on ecotourism, increasing Saudi GDP by $5.86 billion annually once completed in 2030. The project aims to showcase the natural treasures and biodiversity of the Red Sea coast and region of Madain Saleh. Potential challenges include high tourism prices compared to other areas and weak supporting infrastructure.
The Red Sea Project is a $30 billion development located on Saudi Arabia's west coast that will create 120,000 jobs. The project was announced in 2017 by Crown Prince Mohammad bin Salman and will transform the region into a luxury tourism destination focused on ecotourism, increasing Saudi GDP by $5.86 billion annually once completed in 2030. The project aims to showcase the natural treasures and biodiversity of the Red Sea coast and region of Madain Saleh. Potential challenges include high tourism prices compared to other areas and weak supporting infrastructure.
The Red Sea Project is a $30 billion development located on Saudi Arabia's west coast that will create 120,000 jobs. The project was announced in 2017 by Crown Prince Mohammad bin Salman and will transform the region into a luxury tourism destination focused on ecotourism, increasing Saudi GDP by $5.86 billion annually once completed in 2030. The project aims to showcase the natural treasures and biodiversity of the Red Sea coast and region of Madain Saleh. Potential challenges include high tourism prices compared to other areas and weak supporting infrastructure.
COST : MORE THAN 30 BILLION JOBS : 120 000 PICTURES/ VIDEO : LETS WATCH THE VIDEO ABOUT RED SEA GLOBAL • The project was announced by the Saudi Crown Prince Mohammad bin Salman in July 2017, focusing on luxury and ecotourism to attract visitors to the Red Sea coast. Construction began at The Red Sea in February 2019 and on completion in 2030 it is expected to increase the Saudi GDP by $5.86 billion per year. WHY WE THINK RED SEA GLOBAL IS SUCCESSFUL
A leading coastal destination- .1
Next to the project is Madain Saleh .-2 The opportunity to learn about hidden treasures in the project area .-3 4-. The diversity of plant and animal life in the region WHAT PROBLEM MIGHT FACE THE PROJECT
1.Expensive tourism - high prices compared to tourism
services that are provided outside the Kingdom. 2.Weak infrastructure to support the process of stimulating tourism in areas near the project