Arab News, Sat, May 04, 2024 | Shawwal 25, 1445
NEOM, Saudi Red Sea Authority sign MoU to develop marine tourism regulations
Saudi Arabia:
The Saudi Red Sea Authority and NEOM signed
a memorandum of understanding on Friday to cooperate on developing legislation,
regulations, and technology in marine tourism, reported the Saudi Press Agency.
The MoU’s goal is to enhance research, deliver innovation, and improve the
visitor experience for tourists in Saudi Arabia’s existing, emerging, and future
Red Sea coastal destinations.
SRSA Acting CEO Mohammed Al-Nasser and NEOM’s CEO Nadhmi Al-Nasr signed the
partnership, which they hope will promote an exchange of expertise and enable
the implementation of joint initiatives.
The agreement also reflects SRSA’s commitment to attracting investment in
coastal tourism activities.
The partnership will further assist small and medium enterprises in the sector
through administrative, technical, and advisory support.
Via this agreement, SRSA aims to integrate with relevant public, private, and
third-sector entities to achieve one of the goals of Saudi Vision 2030, which is
to develop coastal tourism as a valuable sector of the Kingdom’s economy.