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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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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