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FinancialNews
02-11-19
Saudi Economy to receive USD20B from "Red Sea Project"
(MENAFN) John Pagano, CEO of Red Sea Development Company has promised to transform the Red Sea coast to a world-class tourist destination. There will be one million employees in the project, receiving 100 million tourists annually by 2030.
Pagano said that the Red Sea Project will start receiving the first batch of visitors and tourists by 2022, during the second day of the Future Investment Initiative in Riyadh.
A total of 70,000 jobs will be provided, 50 hotels will be established in addition to 22 islands and six inland sites, he added. More than 30,000 persons will work there and in airports.
This will be achieved through innovation and adopting eco-friendly techniques.
MENAFN0211201900450000ID1099211034
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