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Saudi Red Sea Authority Regulates Coastal Tourism and Attracts Investments - Middle East Business News and Information
Saudi Red Sea Authority Regulates Coastal Tourism and Attracts Investments - Middle East Business News and Information

Mid East Info

timean hour ago

  • Business
  • Mid East Info

Saudi Red Sea Authority Regulates Coastal Tourism and Attracts Investments - Middle East Business News and Information

The Saudi Red Sea Authority SRSA today launched a new media campaign highlighting its pioneering role in regulating and developing the Saudi's coastal tourism sector. Central to this effort is the introduction of a comprehensive set of regulatory frameworks and technical codes designed to reshape the sector's landscape, boost its appeal to tourists, operators, and investors alike, and activate collaborative synergies across the public, private, and third sectors all supported by the unmatched natural assets of Saudi Arabia's western coastline. This campaign serves as a direct expression of SRSA's vision to empower the coastal tourism sector to grow in an organized and sustainable manner. It aims to foster an ideal environment both for tourists and practitioners, while creating a vibrant and transparent investment ecosystem. The regulatory frameworks introduced by SRSA represent the first of their kind in the Kingdom a legislative and operational foundation that is clear, accessible, and comprehensive. These regulations lay the groundwork for a coastal tourism experience that is safe, attractive, competitive, and sustainable. Built on international best practices and tailored to the unique ecological and tourism diversity of Saudi Arabia's coasts, these regulations ensure the preservation and protection of the marine environment, marking a pivotal shift in shaping a new era for coastal tourism. They also contribute directly to the goals of Saudi Vision 2030, particularly in enhancing quality of life, diversifying the economy, and attracting high-value investments. Through this media campaign, SRSA seeks to raise awareness of its role as a lead regulator and enabler of the sector and to spotlight the new regulatory environment created for tourists, practitioners, and investors. The message is clear: the future of coastal tourism in Saudi Arabia starts here where smart regulation, strategic clarity, and sustainable opportunity converge.

Saudi Arabia and Indonesia call for immediate end to Gaza catastrophe
Saudi Arabia and Indonesia call for immediate end to Gaza catastrophe

Saudi Gazette

time2 hours ago

  • Business
  • Saudi Gazette

Saudi Arabia and Indonesia call for immediate end to Gaza catastrophe

Saudi Gazette report JEDDAH — Saudi Arabia and Indonesia voiced their deep concern over the humanitarian catastrophe in the Gaza Strip and called on the international community to take immediate practical steps to stop it. In a joint statement issued at the end of the visit of Indonesian President Prabowo Subianto to Saudi Arabia on Wednesday, the two countries reiterated their commitment to continuing to provide urgent humanitarian and relief support and assistance to address the repercussions of the Israeli aggression in Gaza. Saudi Arabia and Indonesia condemned the use of blockade and starvation by Israel as a weapon against civilians in the Gaza Strip. They expressed their complete rejection of the displacement of Palestinian citizens inside or outside their land, considering this as a blatant violation of international law. 'The international community must play in pressuring the Israeli side to compel it to comply with international law and international legitimacy resolutions,' they said while urging the international community to hold Israel accountable for the crimes being perpetrated against the unarmed Palestinian civilians. The statement highlighted the official talks between Saudi Crown Prince and Prime Minister Mohammed bin Salman and President Subianto and their co-chairing of the first meeting of the Saudi-Indonesian Supreme Coordination Council. During the meeting, the Council's governance was approved, along with a number of recommendations aimed at enhancing cooperation between the two countries. Addressing the council session, the Crown Prince and President Subianto emphasized the importance of continuing to support and develop the work of the council and its sub-committees, and the ongoing coordination between the two sides, which contributes to enhancing its effectiveness as an institutional tool that frames bilateral cooperation. It was decided to hold the second meeting of the council in Indonesia. The two sides welcomed the signing of a number of agreements and memoranda of understanding between private sector firms in the two countries during Subianto's visit. These deals amounted to approximately $27 billion in a number of fields, including clean energy, petrochemical industries, and aviation fuel services, embodying the two sides' aspirations for an advanced economic partnership. In the economic, trade and investment fields, the two countries praised the strength of their economic ties and agreed on the importance of enhancing their cooperation, especially in joint priority sectors, supporting the building of partnerships between the private sectors of the two countries, and investing in the opportunities offered by Saudi Vision 2030 and Indonesia Golden Vision 2045 to enhance cooperation in various fields. In the joint statement, the two countries praised the level of bilateral trade, which amounted to approximately $31.5 billion over the past five years, making the Kingdom the first trading partner of Indonesia in the region. They welcomed the positive results of the negotiations on the Free Trade Agreement between the Gulf Cooperation Council countries and Indonesia, which were held between the two sides during September 2024 and February 2025, and expressed their aspiration to conclude the agreement in the near future. The two sides emphasized the importance of enhancing investment cooperation and intensifying efforts to enable strategic partnerships in priority sectors, most notably energy, financial services, mining, manufacturing, logistics, tourism, manufacturing, agriculture, and green technologies, in line with the Kingdom's Vision 2030, Indonesia's Golden Vision 2045, and Indonesia's National Development Priorities. The two countries commended the vital role played by joint investments in supporting economic integration and creating qualitative opportunities for the private sector in both countries. In this regard, the two sides expressed their aspiration to develop an investment-friendly environment and adopt effective mechanisms that enhance the alignment of development and investment policies and contribute to achieving development goals. In the energy sector, the Indonesian side commended the Kingdom's pioneering role and efforts in enhancing the reliability and stability of global oil markets, and its positive role in balancing global energy markets. The Indonesian side emphasized the importance of ensuring the security of supplies for all energy sources in global markets. In this regard, the two sides agreed on the importance of enhancing cooperation in the supply of crude oil and its derivatives, petrochemicals, and joint efforts to exploit investment opportunities in the refining and petrochemical sectors. They will also strengthen cooperation in developing and sustaining supply chains in the energy sectors, facilitating cooperation between companies to maximize the use of local resources in both countries, contributing to the flexibility and efficiency of energy supplies, enhancing local content, empowering local industries, and building more resilient and inclusive supply chains. The two sides also agreed to cooperate in implementing electricity, renewable energy, and energy storage projects, as well as developing them, enhancing the participation of companies from both sides in their implementation, and encouraging technology transfer, capacity building, and collaborative research to support national energy transformations and renewable energy development goals. Saudi Arabia and Indonesia emphasized the importance of enhancing cooperation and partnership in the following areas: digital economy and innovation, judiciary and justice, labor and human resources, culture, tourism, sports and youth, education and scientific research, industry and mining, agriculture, fisheries, and food security and enhancing air connectivity between the two countries and providing the necessary facilities and exemptions for the two countries' carriers. On the defense and security front, the two sides agreed on the importance of strengthening and developing defense cooperation between the two countries, in a way that serves common interests and contributes to achieving regional and global security and stability. They affirmed their commitment to enhancing their security cooperation and coordination on issues of common interest, including combating all forms of crime, combating terrorism and extremism and their financing, enhancing cooperation in the field of cybersecurity, and exchanging information, expertise, and training, thus contributing to achieving security and stability in the two countries. Indonesian President Prabowo Subianto arrived in Saudi Arabia in response to an invitation from Custodian of the Two Holy Mosques King Salman.

International visitors spend nearly SR50 billion in Saudi Arabia during 1Q 2025
International visitors spend nearly SR50 billion in Saudi Arabia during 1Q 2025

Saudi Gazette

time7 hours ago

  • Business
  • Saudi Gazette

International visitors spend nearly SR50 billion in Saudi Arabia during 1Q 2025

Saudi Gazette report RIYADH — Saudi Arabia has achieved record growth in spending by international visitors, reaching SR49.4 billion during the first quarter of 2025. This figure represents 9.7 percent growth compared to the same period in 2024, according to travel item data in the balance of payments for the month of May, published by the Ministry of Tourism. The Kingdom achieved a surplus in the travel item of the balance of payments estimated at SR 26.8 billion during the period, a growth rate of approximately 11.7 percent compared to the same period in 2024. The ministry explained that the significant growth in the travel surplus in the balance of payments during the first quarter of 2025 is the result of the efforts made by the ministry and other components of the Saudi tourism system to enhance the tourism sector and its contribution to the growth of the national economy. It also underscores the development witnessed by the tourism sector in the Kingdom. This growth underscores the effectiveness of the efforts exerted by the tourism system to position the sector as a global leader, through the application of best tourism development practices, the advancement of tourism services and products, and the ongoing cooperation with all government agencies to support the development of the tourism sector in the Kingdom and achieve the goals of Saudi Vision 2030.

Syncrow revolutionises smart building management with new IoT platform SyncOS
Syncrow revolutionises smart building management with new IoT platform SyncOS

Mid East Info

time7 hours ago

  • Business
  • Mid East Info

Syncrow revolutionises smart building management with new IoT platform SyncOS

SyncOS is a cloud-based Internet of Things (IoT) platform that provides scalable and efficient management of connected devices. New platform empowers businesses and organisations to control smart buildings and drive efficiency, reliability, and performance. SyncOS also advances people's wellness by transforming built environments into healthier living and working spaces. SyncOS meets the GCC market's growing demand for smart automation and aligns with the UAE's Green Agenda – 2030 and KSA's Saudi Vision 2030. Dubai, UAE (2 July, 2025) – Syncrow, a provider of scalable and innovative automation solutions powered by the Internet of Things (IoT), has launched SyncOS, a cloud-based IoT platform set to redefine smart building management across the GCC region. SyncOS' flexibility and scalability provide a more effective way for businesses and organisations to manage multiple buildings, floors, or rooms through the web or a mobile app. With this launch, Syncrow is expanding its lineup of comprehensive IoT and automation solutions that enhance efficiency, comfort, sustainability and wellness across various sectors. Featuring an intuitive dashboard, SyncOS gives property and facility managers all the information they need at a glance. This allows for easy monitoring and control of all connected devices, including lighting, water, HVAC, and security systems, across residential, commercial and mixed-use environments. Leveraging the power of IoT and smart sensors, SyncOS offers predictive maintenance capabilities by monitoring device health and sending out early warnings to reduce downtime and prevent costly failures. SyncOS' advanced technology enables a smooth transition from traditional wired systems. With Syncrow's wireless-first approach, the platform transforms existing buildings into smart environments – delivering cost-efficiency, peak system performance, and minimal operational disruption. To ensure effortless onboarding and rapid adoption of new smart devices, SyncOS supports over 60 device types, with more added on a regular basis. This wide compatibility allows businesses and partners to integrate their existing apps and ecosystems using open APIs and white label options. One of Syncrow's key focus areas with the launch of SyncOS is wellness. The company is committed to advancing people's wellbeing by creating technologies that respond to increasingly stringent occupant health standards. The IoT platform is capable of automating key environmental factors, including thermal comfort, air quality, water purity and more. The launch of SyncOS contributes to various government initiatives, such as the UAE's Green Agenda – 2030 and Saudi Vision 2030. Both programmes emphasise the use of advanced technologies to promote energy efficiency and sustainable development. With roots in the UAE and active operations in Saudi Arabia, Syncrow has critical hands-on knowledge and experience with building codes, technical standards, and project workflows in the region. The company has successfully delivered projects for leading brands across the GCC, demonstrating its capability to meet regional demands with precision and reliability. Commenting on the launch, Syncrow Co-Founder and CEO, Talal Debs, says: 'We developed SyncOS to combine the capabilities of legacy building management systems with modern controls, data, IoT automation, and cloud connectivity. Our platform enables businesses to benefit from real-time actionable insights with detailed device-level information to drive smarter decisions.' 'People today are more conscious than ever about their health and overall well-being, whether at home, at work, or while traveling,' Talal added. 'At Syncrow, we've designed our solutions to prioritise these evolving needs by focusing on air quality and environmental wellness. By doing so, we're not only improving people's lifestyles but also enabling businesses to deliver healthier, more responsive environments for their customers.' Following the launch of SyncOS, Syncrow will continue developing various smart automation solutions that are centred on the needs of the GCC markets and deliver long-term scalability and resilience in the fast-transforming region.

Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector
Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector

Saudi Gazette

time11 hours ago

  • Business
  • Saudi Gazette

Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector

In a step that reflects a shared commitment to fostering innovation and driving impact, "Elm" Company and "One" Group for Communications and Marketing have signed a Memorandum of Understanding (MoU) aimed at enhancing collaboration to support local content and activate their strategic partnership across various fields, following best industry practices and professional standards. The MoU outlines the development of joint, high-impact initiatives in the Hajj and Umrah sectors, contributing to improved service quality and greater integration between both parties. It also includes an agreement to promote collaboration in supporting local content within the communications and marketing procurement sector, through the Tasharok platform owned by One Group—one of the leading tools for empowering local content in the industry. The agreement also explores potential cooperation between "Elm" and "Trend", a subsidiary of One Group specializing in communications data and reports, particularly in relation to TRENDx, the largest media analysis platform in the Middle East for media data analytics. This partnership underscores both parties' commitment to knowledge-sharing and expertise exchange in the fields of data, communications and marketing, digital technologies, and innovation, with the aim of enhancing the competitiveness of the communications sector and supporting the goals of Saudi Vision 2030.

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