Second day of annual Future Investment Initiative opens in Riyadh

      Published on Thursday, 31 October , 2019      295 Views     
Second day of annual Future Investment Initiative opens in Riyadh


The Red Sea Development Company CEO John Pagano opened the second day of the Future Investment Initiative in Riyadh, reiterating their plans of making the tourism destination sustainable and relevant to Saudi Arabia’s economy.




“We are passionate about developing the destination in perfect harmony with the environment,” Pagano said.

He said they achieved “a masterplan that goes far beyond protecting the environment.”

Pagano emphasize the megaproject’s contribution to the Saudi tourism industry, saying one million people will be employed in the Kingdom’s tourism sector by 2030, supporting 70,000 new jobs.

The project, which Pagano mentioned is a strategic project in line with the Vision 2030, is set to contribute 22 billion Saudi riyals to the country’s economy.

Following the Red Sea speech, Saudi Arabia’s energy minister told the audience at the summit that a planned initial public offering of the state-run oil giant Saudi Aramco will happen “soon.”

Prince Abdulaziz bin Salman told those gathered in Riyadh that “It will come in the right time with the right approach and definitely with the right decision. And it will be a Saudi decision, first and foremost. Specifically, Prince Mohammed’s decision.”

Watch the opening day sessions of Future Investment Initiative 2019:



Keywords:
Category Business, Events, Government | 2019/10/31 latest update at 10:59 AM
Source : Arab News | Photocredit : Google
296 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Saudi Arabia pledges full support to Greek Cypriot administration King

Saudi Arabia pledges full support to Greek Cypriot administration

Saudi Arabian Foreign Minister Prince Faisal bin Farhan al-Saud expressed full support for the Greek Cypriot administration amid…

Saudi Cabinet voices support for the territorial sovereignty of Cyprus Government

Saudi Cabinet voices support for the territorial sovereignty of Cyprus

Saudi Arabia has voiced its support for Cyprus’ territorial sovereignty amid growing tensions following the discovery of oil…

How G20 presidency is likely to deliver Saudi economic boost Government

How G20 presidency is likely to deliver Saudi economic boost

Saudi Arabia becoming the first Arab nation to take over the G20 presidency is likely to deliver a…

Saudi Arabia offers ‘full support’ to Cyprus amid Eastern Mediterranean tensions Government

Saudi Arabia offers ‘full support’ to Cyprus amid Eastern Mediterranean tensions

Saudi Arabia’s King Salman received on Sunday the Cypriot Foreign Minister Nikos Christodoulides. They discussed bilateral relations between…

GULF TV

Popular in GULF TV

Saudi Crown Prince Wife|Why Not with him In the Foreign Tour’s

2779 Views

Saudi Crown Prince Wife Princess Sara bint Mashoor, Why Not with him In the Foreign Tour’s. Prince Mohammed…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government