Scheme aims to turn a large area of the Gulf kingdom’s Red Sea coast into a luxury destination in an attempt to close its dependence on oilVirgin Group founder Sir Richard Branson will invest in a Red Sea project that aims to turn 50 Saudi Arabian islands into luxury tourism destinations,the Saudi government announced on Sunday.
Branson is the first international investor to commit to the project, Saudi Arabias information ministry said, and in what officials called “a clear sign that Saudi Arabia is opening its doors to international tourism”. Continue reading...
Source: guardian.co.uk