Tag: Saudi Arabia

Interview: IYC CEO Raphael Sauleau on What’s to Come for the Superyacht Industry in 2025 & Beyond

Earlier this month, the CEO of yachting firm IYC sat down with The Maritime Observer in a conversation forecasting what awaits the superyacht market in 2025 and beyond. Over the course of this conversation, Sauleau provided insight on a conveyor belt of trends, opportunities, and challenges concerning the industry, from the U.S. presidential elections to…
Saudi Red Sea Authority Issues New Licenses to NEOM’s Sindalah Marina & Other Yacht Companies

To continue positioning Saudi Arabia as a global superyacht destination, The Saudi Red Sea Authority (SRSA) has granted 12 new licenses for the purposes of marina construction, leisure marine recreation, and cruise ship operations. Of the permits handed – in out in the past two months – NEOM’s Sindalah Island Marina received a construction license…
SRSA Issues First-Ever Yacht Chartering Licenses in Saudi Arabia

For the first time in Saudi Arabia, three yacht chartering companies have received licenses from The Saudi Red Sea Authority (SRSA). Following a verification process ensuring compliance with all SRSA regulations and requirements, Hill Robinson Saudi Limited, Faisal M. Higgi & Associates Co. Ltd, and JLS Yachts Limited have been granted chartering licenses that aim…
Saudi Red Sea Authority Grants Operator License to Jeddah Yacht Club & Marina

The Saudi Red Sea Authority has issued an operator license to Jeddah Yacht Club and Marina in a move to boost marine tourism and strengthen the Kingdom’s position as a yachting hub. Jeddah Yacht Club and Marina is the first international harbor to receive this license. The organization, owned by Public Investment Fund subsidiary Sela,…
Saudi Arabia Launches Super-Coastal Destination “Saudi Red Sea”

On November 5th, at the 2024 World Travel Market event in London, England, Saudi Arabia officially launched a maritime tourism initiative in the Saudi Red Sea. At the Saudi Pavillion, His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Saudi Tourism Authority formally introduced The coastal super-destination, which finds several key land and…
Saudi Red Sea Authority Issue First-Ever Yacht Tourism Licenses

For the first time, The Saudi Red Authority (SRSA) has partnered with the Insurance Authority to grant licenses for six tourist yacht agents in Saudi Arabia as the next step in the Saudi Vision 2030 to create a thriving coastal tourism sector in Saudi Arabia. In an effort to regulate maritime and tourist activities, acknowledge…
NEOM’s Sindalah Island Launch Spikes Red Sea Superyacht Traffic

As part of Red Sea Week, NEOM’s Sindalah Island spiked superyacht traffic in the Red Sea as anticipated, with 53 yachts visiting the launch. “Neom is committed to supporting the Kingdom’s new era of luxury tourism, with the opening of Sindalah,” said Nadhmi Al-Nasr, chief executive officer of Neom. “The realization of this landmark destination,…
AMAALA To Host The Ocean Race Finale in 2027

Luxury development AMAALA will host the finish to the 2027 Ocean Race, Red Sea Global has announced. This partnership marks the first time in Ocean Race’s 51-year history that sailors will compete in Red Sea Waters. Founded in 1973, The Ocean Race is a prestigious sailing competition focusing on the intersection of sports and sustainability,…
Superyacht Destination Sindalah Island To Open Doors This Friday for “Red Sea Week”

On the occasion of Red Sea Week (RSW), Ultra-luxury development NEOM is set to welcome guests for the grand opening of Sindalah Island on Friday, October 25th. Located in, the 840,000 square meter Sindalah Island was the first region to be announced by the NEOM, marketed as a superyacht destination in the Red Sea, accessible…
Recent Developments by the Saudi Red Sea Authority to Establish the Red Sea as a Superyacht Destination

Since the formation of the Saudi Red Sea Authority in 2021, the government entity has worked towards establishing the Red Sea as a thriving luxury tourism destination, particularly for the tourism industry, and this past month has been no expectation. At the end of September, SRSA has announced it’s partnership with with The International Council…