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Saudi govt to invest $13bn in turning Red Sea region into tourism hub

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Saudi Arabian Crown Prince, Mohammed bin Salman on Wednesday inaugurated a 50-billion-riyal (13.3 billion dollars) plan to turn the south-western province of Asir into a tourist destination.

The plan was aimed at developing the coastal Red Sea region, which lies near the kingdom’s borders with conflict-ridden Yemen.

The Saudi Press Agency reported that the plan would be able to attract 10 million visitors from within and outside Saudi Arabia by 2030.

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It will include infrastructure, transport, health and communications projects.

The crown prince inaugurated his ambitious Vision 2030 plan five years ago, in a bid to pivot away from dependence on oil production and toward other forms of investment, including tourism.

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dpa/NAN

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