logo
Red Sea Global Collaborates with Saudi Olympic, Paralympic Committee to Promote Inclusive Sports

Red Sea Global Collaborates with Saudi Olympic, Paralympic Committee to Promote Inclusive Sports

Red Sea Global: Red Sea Global (RSG), the developer behind The Red Sea and AMAALA regenerative tourism destinations, has signed a Memorandum of Understanding (MoU) with the Saudi Olympic and Paralympic Committee (SOPC). The agreement, represented by SOPC's commercial and team brand, Team Saudi, aims to advance inclusive sports and recreation efforts.
According to Bahrain News Agency, Team Saudi serves as the official identity for Saudi Arabian athletes competing in Olympic, Paralympic, and other multi-sport events. This partnership signifies a mutual dedication to incorporating Saudi Paralympic athletes into RSG's destinations, leveraging their participation and insights to develop sporting and entertainment experiences that are accessible to all, regardless of ability or background.
The collaboration underscores both organizations' dedication to fostering a more inclusive society, aligning with Saudi Arabia's Vision 2030 goals.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA
Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA

Syyaha

time2 days ago

  • Syyaha

Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA

Forbes Middle East, the leading financial and economic magazine, highlighted the historic Initial Public Offering by flynas, the leading low-cost airline in the world and the best LCC in the Middle East, that raised $1.1 billion in the first-ever airline listing in Saudi its August edition, Forbes published an exclusive interview with Bander Almohanna, CEO and Managing Director of flynas, with his photo leading the magazine cover, about flynas 'flying ahead' on a new route for the low-cost aviation said that flynas made history being the first ever listed carrier in Saudi Arabia to go public after offering 30% of its shares to the public last June, raising $1.1 billion 'in a landmark IPO'. In the exclusive interview, the magazine explored Almohanna's vision and focus on further route expansion and new destinations for Middle East, the Arabic version of the renowned American magazine Forbes, quoted Almohanna as saying that the offering, which was 100% oversubscribed valuing the airline at $3.6 billion, marks 'a significant milestone not only for flynas but also for the Saudi financial market and the broader aviation sector.'The listing coincided with a surge in IPO momentum across the Gulf. Despite global headwinds, the GCC saw 27 deals raising $4.1 billion in the first half of 2025, with flynas topping the list with more than 25% of the total capital raised, Forbes highlighted.'flynas benefited from the Kingdom's resilience, robust growth, and the clarity of Vision 2030,' Almohanna said, highlighting the aviation's key role in the national said that Almohanna has joined flynas since its early stages as the Chief Financial Officer of the group, that was launched in 2007, and played a central role in flynas's evolution. With a background in finance, including a stint at the Saudi Arabian Monetary Agency from 1993 to 2002 in the Banking Supervision Department, transitioning from finance to aviation was a strategic evolution for Almohanna. 'My financial background gave me a solid foundation in understanding the economic dynamics of the airline industry,' Almohanna told Forbes. 'It has allowed me to make informed, data-driven decisions that support long-term operational and financial sustainability – something every CEO should be equibbed to do,' he was promoted to Executive Vice President in 2008 and became managing director and CEO in 2015, leading the flynas Group (flynas, NASJET, and flynas Hajj & Umrah) through rapid quoted Aljoharah Alsmari, VP of Investment Banking at BSF Capital, a lead manager of the IPO, as saying, 'As the only independent low-cost carrier in Saudi Arabia, flynas is internationally recognized for its operational efficiency and rapid growth.'As new entrants to the market emerge and legacy carriers expand, flynas continues to differentiate itself through its regional footprint, aggressive fleet expansion, and strategic focus on high-growth segments, particularly religious tourism, Forbes said. 'Competition is always welcome – it drives innovation,' Almohanna 2018, flynas launched its 'We Connect the World to the Kingdom' strategy, targeting international destinations that had not previously had direct routes to Saudi Arabia, Forbes said. Flynas plans to more than double its current fleet to 160 aircraft by 2030, with its network set to grow from over 70 destinations to 165 and more than 300 routes, Forbes for MENA's aviation sector, Almohanna sees a strong potential. 'Saudi Arabia, in particular, has all the right ingredients to become an aviation powerhouse,' he stressed. flynas, the leading low-cost airline in the world and the best LCC in the Middle East, and the first airline listed on the Saudi Exchange (Tadawul) operates 139 routes to more than 70 domestic and international destinations in 30 countries with more than 2000 weekly flights and has flown more than 80 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations within its growth and expansion plan, and in line with the objectives of Vision 2030.

The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects
The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects

Syyaha

time3 days ago

  • Syyaha

The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects

Riyadh – The Coca-Cola Foundation (TCCF) and the Global Environment and Technology Foundation (GETF) have partnered with Lesser App, a pioneering technology solution developed by the Saudi women-led company Naqaa Solutions For Environmental Services, to help reduce packaging waste and improve waste recovery in the Kingdom. The partnership reflects TCCF's ongoing commitment to supporting impactful local initiatives that contribute to a more sustainable collaboration is part of a newly launched initiative, Partnership for A Circular Tomorrow (PACT) – with an initial US $1 million grant by TCCF that invests in solutions and service delivery models to uplift waste workers and scale growth-stage waste enterprises. The effort aims to use innovation to reduce waste and help transform lives across five countries, including Saudi part of the initiative, Lesser App is leading the implementation of targeted PET plastic collection interventions across Riyadh and Jeddah. Key components include a door-to-door collection program, the establishment of four community drop-off centers, and the installation of PET plastic collection bins at six high-footfall mosques. Lesser App will also manage logistics, real-time impact tracking via its proprietary Sustainability Dashboard, and stakeholder coordination throughout the rollout.'Our support for Lesser App reflects our commitment to the Kingdom and the importance of empowering local organizations to drive more innovation and improve waste recovery. We seek to create robust value chains, support informal waste workers, and support solutions in waste management, ultimately paving the way for a more sustainable future,' said Carlos Pagoaga, President, The Coca-Cola Foundation. Through this partnership, TCCF, GETF, and Lesser App will focus on raising environmental awareness, promoting responsible waste disposal, and driving large-scale PET plastic collection efforts throughout the Kingdom. The initiative directly supports Saudi Arabia's broader sustainability agenda and aligns with the ambitions of Vision 2030.'As a women-led tech startup company, we are proud to play a central role in driving environmental change and empowering female leadership in the sustainability space. This collaboration allows us to bring innovative, community-centric recycling models to life, from tech-enabled pickups to plastic collection, and demonstrate the value of inclusive approaches to solving environmental issues,' said Mona Othman, CEO and co-founder, Lesser App. Saudi Arabia is one of the five countries included in the first phase of the PACT program, alongside Türkiye, Azerbaijan, Kazakhstan, and Uzbekistan.

Bahrain's Salwa Eid Naser Sets New Arab and Asian Record in 300m Race
Bahrain's Salwa Eid Naser Sets New Arab and Asian Record in 300m Race

Daily Tribune

time5 days ago

  • Daily Tribune

Bahrain's Salwa Eid Naser Sets New Arab and Asian Record in 300m Race

Bahraini Olympic champion Salwa Eid Naser has broken both the Arab and Asian records in the women's 300 meters. She achieved the milestone after finishing second with an impressive time of 35.85 seconds at the Continental Bronze Tour athletics meet in Białystok, Poland. Naser's remarkable performance adds another highlight to her already stellar career, showing her determination and skill on the international stage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store