The Business of Middle East Superyachting

Tag: Saudi Arabia

  • Saudi Arabia Destination AMAALA Triple Bay Set to Open “In the coming months,” Developer Red Sea Global Says

    Saudi Arabia Destination AMAALA Triple Bay Set to Open “In the coming months,” Developer Red Sea Global Says

    AMAALA Triple Bay, one of Saudi Arabia’s superyacht destinations, has received an opening date. Participating in the TOURISE Summit in Riyadh, Saudi Arabia, real estate developer Red Sea Global (RSG) has announced that the first phase of the project is scheduled to launch in the coming months. Phase one of AMAALA boasts six resorts, including…

  • Saudi Red Sea Authority Grants New Marina Licenses to Three Operators

    Saudi Red Sea Authority Grants New Marina Licenses to Three Operators

    The Saudi Red Sea Authority has issued new licences to three marina operators in an effort to boost tourism in the Red Sea. The three operators to receive licenses are Aljar Marina tourism company (Yanbu), Al Ahlam Marine Tourism in Albuhairat city (Jeddah), and Pearl Marina Chartering Company (Jeddah).  The grant of the licenses mentioned…

  • Azimut Expands to Saudi Arabia with Elite Yachts

    Azimut Expands to Saudi Arabia with Elite Yachts

    Following a successful showing at the 31st Dubai International Boat Show, Azimut Yachts announced their expansion to Saudi Arabia through an existing dealership with Elite Yachts. This also marks the introduction of the Azimut Concierge Service in the Kingdom, an offering created to enhance the ownership experience of Azimut’s clientele with a 24/7, multilingual team….

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

    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

    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

    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

    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”

    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

    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

    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,…