Tag: Saudi Arabia’s Red Sea project

Saudi Arabia’s Red Sea project said it will offer visas on arrival for overseas visitors following the creation of a company to deliver the ambitious project. The project marked a milestone recently with its incorporation as a standalone closed joint-stock company, The Red Sea Development Company (TRSDC), wholly owned by the country’s Public Investment Fund (PIF). The newly-incorporated company will now move forward with the creation of its Special Economic Zone, with its own regulatory framework, it said in a statement. The framework will be separate from the base economy, with a special emphasis on environmental sustainability, and will be offering ... Read more