Latest news with #SaudiRedSeaAuthority
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.
Zawya
25-05-2025
- Business
- Zawya
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.
Mid East Info
12-05-2025
- Business
- Mid East Info
Jeddah to Host the 2nd International Port & Marine Development Conference, Driving Infrastructure, Innovation, and Sustainability Across the Region
Jeddah, Saudi Arabia – 13 May 2025 – In alignment with Saudi Arabia's vision to emerge as a global logistics powerhouse, the 2nd International Port & Marine Development Conference (IPMDC 2025) is set to take place from 13–14 May 2025 at the prestigious Hilton Jeddah. Organized by Creative Connect in association with Great Minds Event Management, this landmark conference gathers industry authorities and global experts to explore the evolving dynamics of port infrastructure, marine development, and the region's transformation into a leading trade and logistics hub. Held under the timely theme 'Accelerating Maritime Excellence through Sustainable Infrastructure & Innovation', the forum offers a robust agenda designed to address the future of port ecosystems in the Middle East and North Africa. As Saudi Arabia and its regional partners invest in next-generation port infrastructure, IPMDC 2025 provides a timely platform for knowledge sharing, cross-border collaboration, and strategic investment insights. The two-day forum will spotlight a range of critical topics—from port expansion, terminal automation, and green port practices, to PPP strategies, digitization, climate resilience, and multimodal logistics integration. Attendees will benefit from high-level panel discussions, exclusive case studies, keynote addresses, and networking with senior stakeholders across government, private sector, and engineering consultancies. The speaker lineup features senior figures from Saudi Red Sea Authority, SOHAR Port and Freezone, Autonomous Port of Dakar, AECOM, NMDC Group, Buro Happold, and Asyad Ports, offering rare access to expert insights and project announcements shaping the maritime landscape. 'The maritime sector plays a pivotal role in the economic diversification of the Gulf region,' said a spokesperson from the organizing committee. 'IPMDC 2025 is not just a conference—it is a catalyst for innovation, investment, and sustainable progress.' The event will also feature a dynamic exhibition, showcasing advanced technologies, engineering solutions, and services that support port modernization and maritime infrastructure development. For more information and to download the official event brochure, please visit: Media Contact: Amira – IPMDC 2025 Press Office 📧 Email: amira@ 🌐 Website: 📞 Phone: +971 4 568 7800
Tourism Breaking News
18-03-2025
- Business
- Tourism Breaking News
Saudi Red Sea Authority enhances Yacht activities to boost coastal tourism
Post Views: 88 The Saudi Red Sea Authority (SRSA) is driving significant growth in Saudi Arabia's coastal tourism sector, supported by ongoing government efforts to position the Kingdom as a leading global tourism destination in line with Vision 2030. With increasing interest in yacht tourism both locally and internationally, SRSA has intensified its regulatory role, issuing comprehensive frameworks such as the Saudi Yacht Regulation, the Visiting Yachts Regulation, the Large Yacht Chartering Regulation, and the Marina Design and Operations Regulation. These efforts aim to enhance marine infrastructure, ensure environmental sustainability, and encourage investment in coastal tourism. In collaboration with its partners, SRSA has accelerated infrastructure development along the Red Sea, issuing 29 tourism licenses that have strengthened the economic landscape for yacht tourism. Among these, 3 licenses were granted to yacht chartering companies, 10 to marina operators, and 5 to technical service providers in leisure and tourism, fostering a thriving marine tourism ecosystem. The Red Sea region, spanning 1,800 km of coastline, is home to over 1,000 islands, 150 pristine beaches, and 3,200 cultural and tourism assets, including heritage villages, vibrant markets, and active maritime ports. Such natural and cultural assets provide a strong foundation for Saudi Arabia's emerging yacht tourism industry. It was shared by Saudi Press Agency. SRSA has been actively engaged in fostering international partnerships to enhance investment opportunities. It participated in major global yacht and maritime exhibitions, including the Monaco Yacht Show 2023 and the Dubai International Boat Show 2024, with the goal of adopting best practices in yacht tourism and strengthening global collaboration. The authority signed agreements with leading institutions such as the Yacht Club de Monaco and the Prince Albert II of Monaco Foundation to advance Saudi Arabia's coastal tourism sector. By providing technical, administrative, and advisory support to both local and international investors, SRSA is ensuring a streamlined investment experience that aligns with Saudi Arabia's broader strategy of attracting global investors through regulatory simplifications, tax incentives, and infrastructure development. Through its ongoing efforts, SRSA is transforming Saudi Arabia's yacht tourism industry by offering exclusive and tailored experiences that cater to both tourists and yachting enthusiasts. By 2030, the authority aims to attract 250,000 visitors for yacht-related activities, generate approximately $2.9 billion in tourism spending, and create an estimated 28,000 jobs in the sector, contributing to the Kingdom's economic diversification goals. Globally, yacht tourism is a crucial element of coastal economies. In 2023, the global yacht market was valued at $7.67 billion, with projections indicating growth to $17.33 billion by 2032. Europe led the market in 2023, accounting for 47.58% of the global sector. Italy serves as a prime example of the economic significance of yacht tourism, with its marine industry growing 3 times faster than its gross domestic product (GDP) between 2012 and 2022. In 2022, Italy held over 50% of the world's yacht manufacturing orders and supported approximately 157,000 jobs. With continuous advancements in regulatory policies, infrastructure expansion, and international collaboration, SRSA is committed to positioning Saudi Arabia as a premier global destination for yacht tourism. These efforts align with Vision 2030's broader objectives of enhancing the Kingdom's tourism and economic landscape, ensuring that Saudi Arabia remains a key player in the global yacht tourism industry.
Zawya
14-03-2025
- Business
- Zawya
Saudi Red Sea Authority takes key steps to boost yacht tourism
The Saudi Red Sea Authority (SRSA) is driving significant growth in the kingdom's coastal tourism sector, supported by ongoing government efforts to position KSA as a leading global tourism destination in line with Vision 2030. With increasing interest in yacht tourism both locally and internationally, SRSA has intensified its regulatory role, issuing comprehensive frameworks such as the Saudi Yacht Regulation, the Visiting Yachts Regulation, the Large Yacht Chartering Regulation, and the Marina Design and Operations Regulation. These efforts aim to enhance marine infrastructure, ensure environmental sustainability, and encourage investment in coastal tourism. In collaboration with its partners, SRSA has accelerated infrastructure development along the Red Sea, issuing 29 tourism licenses that have strengthened the economic landscape for yacht tourism. Among these, three were granted to yacht chartering companies, 10 to marina operators, and 5 to technical service providers in leisure and tourism, fostering a thriving marine tourism ecosystem, it stated. The Red Sea region, spanning 1,800 km of coastline, is home to over 1,000 islands, 150 pristine beaches, and 3,200 cultural and tourism assets, including heritage villages, vibrant markets, and active maritime ports. Such natural and cultural assets provide a strong foundation for Saudi Arabia's emerging yacht tourism industry. SRSA has been actively engaged in fostering international partnerships to enhance investment opportunities. It participated in major global yacht and maritime exhibitions, including the Monaco Yacht Show 2023 and the Dubai International Boat Show 2024, with the goal of adopting best practices in yacht tourism and strengthening global collaboration. The authority signed agreements with leading institutions such as the Yacht Club de Monaco and the Prince Albert II of Monaco Foundation to advance Saudi Arabia's coastal tourism sector. By providing technical, administrative, and advisory support to both local and international investors, SRSA is ensuring a streamlined investment experience that aligns with Saudi Arabia's broader strategy of attracting global investors through regulatory simplifications, tax incentives, and infrastructure development. Through its ongoing efforts, SRSA is transforming Saudi Arabia's yacht tourism industry by offering exclusive and tailored experiences that cater to both tourists and yachting enthusiasts. By 2030, the authority aims to attract 250,000 visitors for yacht-related activities, generate approximately $2.9 billion in tourism spending, and create an estimated 28,000 jobs in the sector, contributing to the Kingdom's economic diversification goals. According to SRSA, the yacht tourism is a crucial element of global coastal economies with the yacht market hitting $7.67 billion in 2023 and projected to growth to $17.33 billion by 2032. Europe led the market in 2023, accounting for 47.58% of the global sector, it stated. SRSA pointed out that Italy served as a prime example of the economic significance of yacht tourism, with its marine industry growing 3 times faster than its gross domestic product (GDP) between 2012 and 2022. In 2022, Italy held over 50% of the world's yacht manufacturing orders and supported approximately 157,000 jobs, it added. With continuous advancements in regulatory policies, infrastructure expansion, and international collaboration, SRSA said it is committed to positioning Saudi Arabia as a premier global destination for yacht tourism. These efforts align with Vision 2030's broader objectives of enhancing the Kingdom's tourism and economic landscape, ensuring that Saudi Arabia remains a key player in the global yacht tourism industry, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
