10 billion riyals for the operation of the first phase of the Red Sea project

10 billion riyals for the operation of the first phase of the Red Sea project

Red Sea Development Company, one of the most ambitious tourism projects, has announced the allocation of over 10 billion riyals for the establishment, operation and management of the assets to be developed in the first phase of the Red Sea project, confirming that it is in the process of negotiating with a number of major brands in the sector Luxury tourism that is expected to participate in the development of this destination.

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Saudi King Launches 4 Riyadh Mega Projects

king_salman_inaugurates_the_green_riyadh_projects_in_the_saudi_capital.

Saudi Arabia plans to turn its capital Riyadh into one of the most livable cities in the world, according to the plan announced by the Kingdom to invest 86 billion Saudi riyals ($ 23 billion) through four projects to beautify the capital.

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Sharaan Natural Reserve in Al-Ula

Al-Ula reserve

Al-Ula Governorate in Saudi Arabia witnessed a special event on Sunday, after the launch of the Natural Reserve, which aims to protect areas of unique environmental value.

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Nazmi Al Nasr announces the strategy of building NEOM first phase

Pointing out that the first phase of the project will start within two months.

Nazmi Al Nasr, Chief Executive Officer of NEOM Project, said that over the next five months, a comprehensive strategy for the NEOM project will be announced, as well as a strategy for each sector, pointing out that the first phase of the project will start within two months.

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NEOM Company (Owned by the PIF)

neom the land of dreams

NEOM project has obtained the necessary approvals from the official authorities in the Kingdom to establish a closed joint stock company under the name of “NEOM Company” with fully paid up capital and owned by the Public Investment Fund.

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