Economists and observers agreed that the Red Sea project is a
living and distinctive example of strategic initiatives, a model for
maximizing the potential of the sea, such as the Red Sea, and optimizing
the use of resources and available resources for development.
"The
Red Sea project means investing the Kingdom's treasures and resources
through tourism. The international or local companies can be attracted
by two aspects," the flexibility of regulations and legislation, "the
economic writer Rashid Al Fawzan told Al Iqtissad newspaper. This
is important because the Red Sea region is characterized by several
important resources that can be invested. The first is the site of the
passage of international ships connecting Europe and Asia in both
directions. The Kingdom also has many islands that can be invested also the area is
rich in coral that promote diving tourism, and when put these motivations
for investment in the private sector, we will find a very
large variables, and this requires appropriate legislation systems that
are supposed to be attractive, flexible and encouraging.
"Attracting
tourists from outside the Kingdom, attracting the bulk of local tourism, and introducing unlisted sites to the investment map depends on
what is being done on the quality of the projects and how
flexible the regulations will be in granting visas to foreigners and I
think they are the test," he said. What is important is that it is an investment throughout the year
and that we should not rely on local tourism. It is often seasonal. We
must consider it as an important investment and source of new money
coming from tourism.
Al Fawzan
assured Al Iqtissad that the Red Sea project is in line with the vision
of the Kingdom of Saudi Arabia 2030 because it invests the Kingdom's
wealth, including tourist sites, sea and beaches, important location,
good weather, income diversification, attracting investments to the
Kingdom and achieving new job opportunities. With high returns, which is the goal of Vision 2030. This vision
sees in each region its attractive features, but the beginning of the
Red Sea is distinctive, it is one of the most attractive areas for the
investor and tourist.
He
pointed that the Saudi economy did not take advantage of the vast
areas and the different atmosphere between the regions, where we notice
in the Red Sea the existence of successful sites Tourism in other countries, despite being small, so the project
will attract international travel and hotel companies that are always
looking for new investment sites.
Al Khatib
said that the competition between tourism sites at the level of
countries is always present, but competition does not limit the
importance of some of them to the account of some, as we see the
continued emergence of new cities on the tourist map, with the
continuation of the oldest cities to grow tourism, the challenge is in
the ability of any new site to attract visitors which I think the Red Sea project will provide because of its large area and its ability to create many big events.
The
vision of 2030 is based on three main factors, including the strategic
location of the Kingdom as a connecting link between the three
continents, and its geographical location among the most important water
crossings, particularly the Red Sea, and the investment of potential
energies through a number of programs Economic development. He stressed that the declaration of the Red Sea project
demonstrates the adoption of an economic vision that will serve as a
model for how to benefit from the various tourist elements enjoyed by
the Kingdom, especially the Red Sea, and its ecological diversity,
climate balance, mineral resources and natural resources,
He
mentioned the existence of more than 1200 species of marine life, including
10% are not found anywhere else, while embracing coral reefs spanning a
length of 2000 km and a life of 7000 years, in addition to the effects
of the coasts and volcanoes and fun life, and the characteristic topography, natural islands and best dive sites around the world.
Al Rasheed
stressed that the Red Sea project will boost the economic position of
the countries of the region, especially with regard to attracting
tourists from inside and outside the Kingdom. This will lead to
increasing local output and achieve development gains by
opening partnerships with major international companies, and hospitality. It
will contribute to attracting more direct investments at the GCC,
regional and global levels. It will also enhance public private
partnerships, open up opportunities for entrepreneurs and entrepreneurs
and revitalize parallel development paths such as airports, ports, road
networks and shelter sectors. Economic, tourism and investment sectors, in order to achieve
effectively and rapidly a number of the most important goals and
initiatives of the ambitious vision of the Kingdom 2030.
For
his part, economic writer Jamal Benon said that the Red Sea tourism
project depends on a new thought to take the Kingdom of tourism, as this project will have separate regulations and laws, so that visitors
can come and return them, according to the regulations and laws will be
approved, which is expected to witness with him The region has some facilities and exceptions for companies and
investors, in line with the vision and aspirations of the Kingdom, to be
a competitive country in the field of tourism, benefiting from the
advantages and fertile land.
Benon
explained that the Kingdom has economic sectors and activities that can
play the same role of oil, pointing that the Kingdom in three
months only revealed projects of quality in the economic thought and
concept, and stressed that these projects will lead to good results in
the future, and will contribute to diversification. Benon explained
that the Kingdom has economic sectors and activities that can play the
same role of oil. He pointed that the Kingdom has only unveiled
three projects in its economic concept and concept and the
entry of foreign and local investments, which will eventually improve the position of the Kingdom in the global competitive market.
