Saudi Arabia has unveiled an enormous new tourism project spanning more than 100 miles of its Red Sea coastline as part of continued efforts to boost the economy and international standing of the Middle Eastern Kingdom.

The 13,000 square mile project will see 50 untouched islands transformed into “an exquisite luxury tourism destination”, governed by laws reflecting international standards, according to reports released by the Saudi Press Agency Tuesday.

The mammoth development, which exceeds the size of Belgium, is being backed by the country’s sovereign wealth fund and is set to create up to 35,000 jobs and add up to $4 billion to the economy each year once completed.

Source: https://www.cnbc.com/2017/08/02/saudi-arabia-red-sea-tourism-project-4-billion-economy.html

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