The Saudi Red Sea Authority (SRSA) and the Ministry of Investment released a report titled “Invest in Coastal Tourism,” targeting 19m visitors by 2030 and laying emphasis coastal tourism’s role in achieving Saudi Vision 2030 goals.
The report outlines the sector’s contributions to economic diversification, investment attraction, income generation, and job creation, while stressing the importance of marine environmental protection for sustainable development.
SRSA aims for the coastal tourism sector to contribute 85 billion riyals to the GDP by 2030, targeting 30pc of the leisure tourism market, 40pc of entertainment spending, attracting 19m tourists, and creating over 210,000 jobs.
The authority encourages investment in maritime and navigational tourism, offering support to investors, especially small and medium enterprises, to enhance coastal tourism and establish the Red Sea as a leading global destination.
The report can be viewed here.
