Latest news with #SRSA
Mid East Info
26-05-2025
- Business
- Mid East Info
SRSA Releases 2024 Annual Report: 28 Coastal Tourism Licenses Issued, 1,011 Saudis Trained for Sector Growth
The Saudi Red Sea Authority (SRSA) has published its 2024 Annual Report, outlining key advancements in regulating and developing coastal tourism. Over the past year, SRSA has strengthened integration, expanded partnerships, and introduced new regulations, licenses, permits, and technical codes to enhance infrastructure and elevate the sector's appeal, reinforcing Saudi Arabia's leadership in coastal tourism. Key performance indicators demonstrate SRSA's rapid progress in advancing coastal tourism, driven by its core mandates. These include establishing policies and strategies, issuing licenses and permits, and enhancing infrastructure to meet global standards, as well as fostering investment and marketing efforts in collaboration with relevant stakeholders. Among the key milestones highlighted in the report are the issuance of 28 coastal tourism licenses and the introduction of the first regulatory framework for Saudi yachts. It also marks the launch of four technical codes, the first of their kind in the Kingdom designed to enhance coastal tourism infrastructure. Additionally, SRSA, in collaboration with the General Authority for Survey and Geospatial Information, has produced 15 high-quality nautical charts. Together, these initiatives form a robust regulatory framework driving growth in Red Sea coastal tourism. Further emphasizing SRSA's commitment to national development, the report details the training of 1,011 Saudis—both men and women—in coastal tourism through partnerships with the Ministry of Tourism. More than 130 compliance visits were also conducted at the sites of marina operators and maritime tourism agents to protect the marine environment and attract investment, contributing to the preservation and sustainability of the coastal ecosystem for future generations. Additionally, the report highlights SRSA's accelerated efforts to enhance coastal tourism, including the launch of the first national insurance product for coastal tourism activities in collaboration with the Insurance Authority. It also covers the signing of 16 agreements and memoranda of understanding with public, private, and nonprofit sector partners. Alongside these initiatives, the report outlines SRSA's receipt of three awards—global, regional, and local—including the Japan Tourism Award, the Marine Navigation Mapping Application Award, and the Tourism Company of the Year 2024. The 2024 Annual Report provides a comprehensive overview of SRSA's achievements, underscoring the strong government support for the sector under visionary leadership and the unwavering dedication of Saudi professionals driving the industry's growth and success.
Trade Arabia
22-05-2025
- Business
- Trade Arabia
Top shipbuilder Fincantieri seals Red Sea Authority deal
Fincantieri, one of the world's leading shipbuilding groups, has announced that it has signed a MoU with the Saudi Red Sea Authority, the official regulatory body of the Kingdom of Saudi Arabia for coastal tourism in the Red Sea. This partnership marks a significant milestone in Fincantieri's expansion in the Kingdom and reinforces its commitment to sustainable growth in the Red Sea ecosystem, said the company in a statement. By consolidating its position in the rapidly expanding Saudi maritime market, Fincantieri sees tremendous potential for future growth and collaboration with local stakeholders across the civilian and military sectors, establishing itself as a trusted partner, it stated. Signed today (May 22) in Riyadh by Fincantieri's CEO and General Manager, Pierroberto Folgiero, and SRSA's CEO, Mohammed Al-Nasser, the agreement looks to explore collaborative opportunities in the development and management of maritime and coastal activities in the Red Sea region. Opportunities include the construction of luxury cruise ships, as well as the development of state-of-the-art maritime and tourist port facilities that cater to the growing demand for high-quality, sustainable infrastructure, it stated. On the Red Sea Authority collaboration, Folgiero said the partnership marks an exciting new chapter in Fincantieri's expansion in the region. "By combining our commercial strength, our expertise in shipbuilding, and our experience in designing and implementing underwater infrastructure and technologies with the forward-looking goals of the Saudi Red Sea Authority, we aim to contribute to the development of the Red Sea Region," he stated. "Our ambition is to help it become one of the world's top tourist destinations while ensuring the protection of its unique natural heritage, both above and below the sea surface," he added.
Zawya
22-05-2025
- Business
- Zawya
Saudi Red Sea Authority and Fincantieri sign MoU to develop coastal tourism activities in Saudi Arabia
Riyadh: The Saudi Red Sea Authority (SRSA) signed a Memorandum of Understanding today with Fincantieri, a global leader in the maritime industry. The goal is to strengthen collaboration in developing and managing coastal tourism activities across the Kingdom, supporting the sector's sustainable growth. The MoU was signed by Mr. Mohammed Al-Nasser, CEO of SRSA, and Mr. Pierroberto Folgiero, CEO and Managing Director of Fincantieri. This agreement supports SRSA's mandate, which includes protecting the marine environment, setting standards and regulations for coastal marinas, and leveraging international best practices to enhance coastal tourism. The MoU focuses on developing coastal tourism while preserving marine ecosystems and natural resources. It also emphasizes maritime safety and security, improving marina infrastructure, and cooperating on research and innovation in advanced marine technologies. This step reflects SRSA's commitment to accelerating progress through strong partnerships with both public and private sectors, locally and globally. It aims to expand strategic alliances, share expertise, and apply global practices that promote regenerative tourism, sustainable growth, and the positioning of the Red Sea as a premier international destination while preserving its untouched environment.
BBC News
18-05-2025
- Business
- BBC News
£40m rail upgrades for Cambridge South station completed
A £40m project to upgrade the railway infrastructure around a city's new station has been South Rail Systems Alliance (SRSA) needed to upgrade sections of the West Anglia main line, as part of the building project for Cambridge South won the contract for the works in September 2023, which included remodelling a branch junction at Sullivan, a programme manager for Network Rail, said it was a "major milestone" towards completing the station, which is expected to open early next year. He said: "This brand new station [is] for the south of Cambridge, the neighbouring biomedical campus and Trumpington communities."Cambridge South will be the city's third railway station and is aimed at boosting links to the growing science and healthcare sector in the area around Addenbrooke's is made up of Network Rail, railway infrastructure company Colas Rail UK, and the infrastructure consulting firm AECOM. SRSA said 3.5 miles (5.7km) of track between Shepreth and Cambridge was renewed and some of it was realigned to accommodate the new four-platform new switches allowing trains to go from one track to another were also installed and overhead electrical lines were next step is to carry out signalling upgrades, which are expected to be completed by the end of the year, while contractors carry on fitting out the new station. Follow Cambridgeshire news on BBC Sounds, Facebook, Instagram and X.
Fast Company
05-05-2025
- Business
- Fast Company
This is the future of AI, according to Nvidia
Recent breakthroughs in generative AI have centered largely on language and imagery—from chatbots that compose sonnets and analyze text to voice models that mimic human speech and tools that transform prompts into vivid artwork. But global chip giant Nvidia is now making a bolder claim: the next chapter of AI is about systems that take action in high-stakes, real-world scenarios. At the recent International Conference on Learning Representations (ICLR 2025) in Singapore, Nvidia unveiled more than 70 research papers showcasing advances in AI systems designed to perform complex tasks beyond the digital realm. Driving this shift are agentic and foundational AI models. Nvidia's latest research highlights how combining these models can influence the physical world—spanning adaptive robotics, protein design, and real-time reconstruction of dynamic environments for autonomous vehicles. As demand for AI grows across industries, Nvidia is positioning itself as a core infrastructure provider powering this new era of intelligent action. Bryan Catanzaro, vice president of applied deep learning research at Nvidia, described the company's new direction as a full-stack AI initiative. 'We aim to accelerate every level of the computing stack to amplify the impact and utility of AI across industries,' he tells Fast Company. 'For AI to be truly useful, it must evolve beyond traditional applications and engage meaningfully with real-world use cases. That means building systems capable of reasoning, decision-making, and interacting with the real-world environment to solve practical problems.' Among the research presented, four models stood out—one of the most promising being Skill Reuse via Skill Adaptation (SRSA). This AI framework enables robots to handle unfamiliar tasks without retraining from scratch—a longstanding hurdle in robotics. While most robotic AI systems have focused on basic tasks like picking up objects, more complex jobs such as precision assembly on factory lines remain difficult. Nvidia's SRSA model aims to overcome that challenge by leveraging a library of previously learned skills to help robots adapt more quickly.
