List of the Objectives of the Red Sea Project
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The Red Sea Project aims to achieve several goals, including:
- Improving the local environment and quality of life for surrounding communities.
- Developing thriving industries, including tourism and hospitality.
- Creating seventy thousand direct and indirect job opportunities by 2030.
- Driving economic growth and diversifying its sources in the Kingdom of Saudi Arabia to reduce dependence on oil as a primary source of income.
- Contributing up to SAR22 billion annually to the gross domestic product (GDP) during the full operation phase.
- Making the project a global leader in the field of renewable development across design, construction, and operation phases.
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