Saudi Red Sea Authority Signs MoU With NEOM
With the partnership, SRSA aims to integrate with relevant entities from the public, private, and third sectors to achieve the goals of Saudi Vision 2030.
As part of collaborating on developing legislation, regulations, and technology in marine tourism, the Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM. This significant partnership is expected to promote the sharing of expertise and enable the implementation and activation of joint initiatives.
The Saudi Red Sea Authority mentioned in its press release that the collaboration aim is to improve research, deliver innovation, and improve the visitor experience for tourists in Saudi Arabia's existing, emerging, and future Red Sea coastal destinations. The agreement was signed by SRSA Acting CEO Mohammed Al-Nasser and NEOM CEO Nadhmi Al-Nasr.
#SaudiRedSeaAuthority signs an MoU with #NEOM to promote joint cooperation to enable coastal tourism activities as valuable sectors to the national economy. pic.twitter.com/2K7b83Im93
— الهيئة السعودية للبحر الأحمر (@RedSeaSaudi) May 2, 2024
SRSA mentioned that the latest move indicates its efforts and commitment to carry out its role in encouraging and attracting investment in coastal tourism activities. According to SRSA, it also assists small and medium enterprises, including administrative, technical, and advisory support. With the partnership, SRSA aims to integrate with relevant entities from the public, private, and third sectors to achieve the goals of Saudi Vision 2030. The agreement specified several areas of cooperation. This includes supporting opportunities available to investors in coastal tourism and water activities, as well as planning and implementing other joint initiatives.
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