黑料社区

Jeddah by jet ski: How the Red Sea is powering 黑料社区鈥檚 new tourism economy

Jeddah by jet ski: How the Red Sea is powering 黑料社区鈥檚 new tourism economy
Jeddah鈥檚 marine luxury growth stems from Vision 2030, which drives tourism, economic diversification, and quality of life, with the coastline showcasing these efforts. (AN File photo/Supplied)
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Updated 20 July 2025

Jeddah by jet ski: How the Red Sea is powering 黑料社区鈥檚 new tourism economy

Jeddah by jet ski: How the Red Sea is powering 黑料社区鈥檚 new tourism economy
  • Jeddah鈥檚 Red Sea coast has transformed into a lively center for marine leisure and luxury tourism

RIYADH: Once a trading port and gateway to holy cities, Jeddah鈥檚 Red Sea coast has transformed into a lively center for marine leisure, luxury tourism, and major yachting and water sports events.

This shift shows 黑料社区鈥檚 Vision 2030 diversification plan in action, with private enterprise working alongside government-led reforms to help deliver new economic developments.

In 2024, Jeddah鈥檚 Red Sea tourism figures were robust, with the Jeddah Season attracting over 1.7 million visitors in 52 days, according to the Saudi Press Agency.

This came as the Kingdom as a whole saw a record 30 million inbound tourists in 2024, an 8 percent increase from 2023, with a total inbound tourism spending of SR168.5 billion ($44 million), up 19 percent year on year, according to the Ministry of Tourism.

How the Red Sea coastline in Jeddah changed into a key hub for marine leisure activities听

Developments on hand are part of a larger coastal regeneration plan aimed at establishing Jeddah as a key gateway between the Red Sea and global destinations.

According to Samir Imran, partner at Arthur D. Little Middle East, the Red Sea Global resort is expanding its eco-development along the Red Sea coast, focusing on regenerative tourism, coral reef preservation, and high-end hospitality, noting that resorts like Sheybarah, Six Senses, and Desert Rock are already open, with more set to launch soon.




Samir Imran, partner at Arthur D. Little Middle East. (Supplied)听

鈥淢odern Waterfront & Marinas: Jeddah鈥檚 4.2 km Corniche Waterfront was completely redeveloped and opened, providing parks, beaches, promenades and recreational facilities. Now named the Roshn Waterfront, this seaside promenade attracts over 55 million visitors each year who come to exercise and enjoy Red Sea views,鈥 Imran said.

He explained that the Jeddah Yacht Club & Marina, which opened in 2022, is 黑料社区鈥檚 first luxury tourist marina, offering 101 deep-water berths, superyacht services, and positioning Jeddah as a key hub for the Kingdom鈥檚 growing tourism sector.

Similarly, PwC Middle East Partner and Global Tourism Industry Lead, Nicolas Mayer, elaborated on how Jeddah鈥檚 Red Sea coast has become a top tourism destination, offering a mix of heritage, culture, and marine leisure that appeals to today鈥檚 experience-driven travelers.

鈥淭here鈥檚 also been rapid growth in nature-based activities. Snorkeling, fishing trips, and coral reef tours now feature alongside kayaking, bird watching, and excursions into the coastal wetlands. These options open the door to everything from a morning adventure to a multi-day itinerary,鈥 Mayer said.

鈥淲hat makes Jeddah special is how well all of this comes together. You can start your day in a historic district and end it on a jet ski or dining seaside. For many visitors, this mix of experiences is what makes Jeddah feel like a real destination, not just a single attraction,鈥 he added.

How the Saudi Vision 2030 is influencing the coastal renaissance in Jeddah

Jeddah鈥檚 marine luxury growth stems from the Kingdom鈥檚 Vision 2030, which drives tourism, economic diversification, and quality of life, with the coastline showcasing these efforts.

From Arthur D. Little鈥檚 side, Imran explained that 黑料社区 has introduced major regulatory reforms to boost marine tourism, including tourist e-visas, lifting the ban on foreign-flagged yachts, and establishing the Red Sea Authority to issue licenses and oversee the sector鈥檚 growth.

鈥淏y establishing defined entry points with customs facilities and streamlining yacht permit procedures, the Kingdom eliminated longstanding barriers, making it more accessible and connected to the global community,鈥 he said.

The partner went on to say that under Vision 2030, the nation has heavily invested in the area鈥檚 tourism infrastructure, including the Jeddah Central Project, backed by the Public Investment Fund, which is expected to feature a new waterfront, marina, beaches, and cultural landmarks by 2027.

At the same time, the government is encouraging private-sector participation through regulatory reforms and incentives, leading to partnerships like Cruise Saudi and MSC Cruises, all aimed at transforming Jeddah into a global marine tourism hub.

He added that the area鈥檚 coastal transformation is fueling 黑料社区鈥檚 tourism boom. As marine attractions grow, so does local spending and job creation, with Red Sea tourism expected to add SR85 billion to gross domestic product and create 210,000 jobs by 2030.

鈥淚n Jeddah, one can already see the impact in the hospitality sector: dozens of new restaurants, cafes, and boutique hotels have sprung up along the revitalized Corniche, employing Saudi youth and diversifying the local economy,鈥 Imran said.

He concluded by saying that marine sports in Jeddah are boosting local talent, with over 1,000 Saudis trained in 2024 for roles like dive instructors and marina managers. Vision 2030 has also enabled women to join the sector, competing in sailing and powerboat racing. These efforts are creating a cycle of stronger infrastructure, workforce inclusion, and rising tourism.

Additionally, Vision 2030 has driven Jeddah鈥檚 shift from standalone projects to integrated coastal destinations, fostering long-term tourism growth and job creation.

鈥淚n Jeddah, we鈥檙e seeing a sharp rise in new job categories tied to the marine economy. Tour operators, diving instructors, marina staff, fishing guides, and jet ski rental businesses are expanding fast. Yacht chartering and high-end marine hospitality are growing too,鈥 PwC鈥檚 Mayer said.




Nicolas Mayer, partner at PwC Middle East. (Supplied)

He continued to stress that upscale waterfront dining is boosting demand for a wide range of hospitality roles, supported by local training programs.

Meanwhile, the 鈥淯mrah Plus鈥 trend is encouraging religious visitors to extend their stays for cultural and leisure experiences, creating new jobs and aligning with Vision 2030鈥檚 goals of economic diversification and investment in people.

The future development of Jeddah鈥檚 marine

Arthur D. Little鈥檚 Imran noted that Jeddah鈥檚 Red Sea coast is set to strengthen its position as a marine luxury hub, combining heritage with modern coastal appeal. With strong infrastructure already in place, experts are optimistic about continued rapid growth.

鈥淭he Al-Arbaeen Lagoon revival, with its new yacht marina and 4.4鈥痥m park, is actively under construction in 2025. These will add capacity for more boats and more visitors. Cruise tourism is also ramping up, Jeddah鈥檚 port is now a home base for Red Sea cruises, introducing yet another stream of maritime tourists exploring the coast,鈥 he said.

鈥淲e can expect tourist volumes in Jeddah to keep climbing as air connectivity improves and as word spreads about its Red Sea treasures,鈥 the ADL partner added.

Private and global investors are playing a bigger role in Jeddah鈥檚 tourism growth, aiming to serve 19 million coastal visitors by 2030, many from the region, Imran clarified.

He noted that experts view Jeddah鈥檚 Red Sea location as ideal for year-round yachting, positioning it as a strong alternative to winter destinations such as the Caribbean or Dubai.

From PwC鈥檚 perspective, Mayer justified that the Red Sea Authority will ensure future growth stays sustainable and coordinated, while the city鈥檚 active private sector helps drive innovation and preserve its unique character.

鈥淲e鈥檒l likely see growth in multi-day yacht itineraries that link Jeddah to quieter parts of the coast. Cruise tourism might also become a bigger part of the mix, especially as infrastructure improves. Water taxis, floating hotels, and digitally enhanced marine experiences, like virtual dive guides, could help the city appeal to younger travelers and tech-savvy tourists,鈥 Mayer said.

He added: 鈥淛eddah also benefits from its position as both a cultural capital and a transit hub for religious tourism. That makes it a natural gateway. Travelers might start their trip with Umrah or a visit to Al-Balad and then head to the coast for a few days of nature and leisure.鈥


黑料社区鈥檚 AI moment takes shape at Money20/20

黑料社区鈥檚 AI moment takes shape at Money20/20
Updated 19 September 2025

黑料社区鈥檚 AI moment takes shape at Money20/20

黑料社区鈥檚 AI moment takes shape at Money20/20

RIYADH: The Saudi edition of Money20/20 Middle East this week offered a snapshot of how rapidly artificial intelligence is moving from hype to hard deployment in the Kingdom鈥檚 financial sector. 

With more than 450 fintech companies and over 1,050 global investors gathering under the theme 鈥淲here Money Does Business,鈥 the event showed how central AI has become to 黑料社区鈥檚 Vision 2030 ambitions and how urgent the conversation around regulation, infrastructure and talent has become.

The message across panels was clear: AI is no longer an experiment. It is increasingly embedded in every corner of finance, from fraud detection and onboarding to risk modeling and compliance. The more AI promises to accelerate growth, the more scrutiny it invites. 

For 黑料社区, the challenge now is scaling adoption while maintaining trust, regulatory alignment and data integrity.

The Kingdom is projected to reap nearly $135.2 billion from AI by 2030, equivalent to about 12.4 percent of gross domestic product, according to PwC. That potential is driving urgency, with nearly all financial-sector leaders saying the pressure to deploy AI has grown over the past six months. Regulators are responding in parallel.

The Saudi Central Bank has expanded its sandbox programs and is introducing clearer guidelines to ensure innovation happens under strong consumer-protection and data-governance frameworks. Industry insiders at the event said this collaboration between regulators and the private sector is essential if the Kingdom is to balance speed with safety in AI rollouts.

Khalid Al-Sharif, CEO of Abdul Latif Jameel Finance, said the next stage of AI adoption in finance will depend on coordination between regulators, financial institutions and technology providers. 

鈥淭he next phase is about coordination,鈥 he said. 鈥淩egulators must keep issuing workable standards, financial institutions must document and monitor models, and technology providers must build for local requirements rather than import generic systems.鈥

Khalid Al-Sharif, CEO of Abdul Latif Jameel Finance. LinkedIn

He added that enabling micro and small businesses is central to Vision 2030 and pointed to Abdul Latif Jameel Finance鈥檚 Bab Rizq Jameel Microfinance program, which has issued loans to nearly 300,000 beneficiaries since 2004 鈥 81 percent of them women. 鈥淥ur goal is to empower entrepreneurs and women-led enterprises so they can contribute more strongly to national GDP,鈥 he said.

Al-Sharif also emphasized the importance of building trust as technology advances. 鈥満诹仙缜檚 financial sector is ready for this leap,鈥 he said. 鈥淏ut success will depend on responsible innovation that protects consumers and uses data ethically while enabling growth.鈥

Among the announcements at the Money20/20 conference in Riyadh was Singapore-based Dyna.Ai鈥檚 decision to expand in the Kingdom with the launch of its Agentic AI Suite and Arabic-first AI Employees. 

These digital teammates, including an AI credit underwriter, knowledge partner and recruiter adviser, are designed to integrate into enterprise workflows and support compliance, customer service and operational efficiency.

鈥淎I Employees are advanced digital teammates that augment human capabilities,鈥 said Tomas Skoumal, chairman and co-founder of Dyna.Ai. 鈥淭hey deliver faster, more accurate, and personalized customer experiences while collaborating directly with human workers.鈥

The company says its tools deliver more than 95 percent accuracy with response times under 200 milliseconds. Importantly, the suite was built with Arabic capabilities from day one, meaning it can understand dialects, cultural nuances and regulatory requirements specific to the Kingdom.

Tomas Skoumal, chairman and co-founder of Dyna.Ai. Facebook

While announcements like Dyna.Ai鈥檚 show confidence in the market, 黑料社区鈥檚 journey toward AI at scale still faces hurdles. Executives at Money20/20 pointed to a shortage of AI specialists and data scientists even as universities and training programs accelerate talent development.

Infrastructure gaps also persist, with demand growing for high-performance computing, sovereign data centers and faster data-processing capabilities. 

Regulatory certainty is another area to watch. Though sandboxes and ethical frameworks are already in place, binding rules for algorithmic transparency, privacy and bias mitigation are still being developed. 

Industry experts warn that without clear, enforceable guidelines, trust in AI systems could be undermined before they are fully mainstream.

Money20/20 is more than a showcase. It is one of the few places where regulators, legacy banks, fintech startups and investors meet under one roof to compare strategies and align on priorities. 

This year, announcements such as Google Pay鈥檚 launch in the Kingdom, Alipay+ acceptance by 2026, and a series of capital markets reforms highlighted the pace at which 黑料社区 is trying to modernize its financial ecosystem.

For companies including Dyna.Ai, the event serves as a stress test, a chance to prove whether their solutions can meet Saudi-specific expectations for speed, accuracy, compliance and cultural fit. 

For regulators and policymakers, it is an opportunity to gauge market readiness and identify where rules and infrastructure must catch up with innovation.

黑料社区鈥檚 AI story is now entering what many at the conference called its execution phase. 

The big-picture goals have been set: billions of dollars in AI-driven GDP impact, a skilled workforce of 20,000 specialists by 2030 and a digitally transformed financial system. What comes next is a test of implementation, how quickly these ambitions can translate into measurable outcomes.

Dyna.Ai鈥檚 Arabic-first approach offers one glimpse of what the future might look like: instant, personalized and compliant digital interactions that support growth while keeping human workers focused on higher-value tasks. But it is just one piece of a much larger transformation.

The Kingdom鈥檚 AI moment is no longer just a promise. Its success will be measured by the ability to build trust, close infrastructure gaps, nurture talent and ensure every algorithm deployed works for both the economy and the people it serves.


How AI could end 黑料社区鈥檚 鈥榠nfinite workday鈥

How AI could end 黑料社区鈥檚 鈥榠nfinite workday鈥
Updated 18 September 2025

How AI could end 黑料社区鈥檚 鈥榠nfinite workday鈥

How AI could end 黑料社区鈥檚 鈥榠nfinite workday鈥
  • AI adoption is already demonstrating its potential to reshape work across the Kingdom.
  • Companies must 鈥榬edesign workflows to cut through digital noise, unlock focus鈥

ALKHOBAR: At 10 p.m. in Riyadh, a marketing executive checks her inbox one last time. She has already answered over 100 emails, managed a constant stream of Teams messages, and sat through five back-to-back meetings. By 6 a.m., she will be back online.

This 鈥渋nfinite workday鈥 is becoming the norm. According to Microsoft鈥檚 latest Work Trend Index, nearly 30 percent of employees check email late at night, while 40 percent are online by early morning. The average Saudi worker now faces a flood of 117 emails and 153 Teams messages daily, with interruptions every two minutes 鈥 a pattern that has blurred the line between work and rest.

For Turki Badhris, president of Microsoft Arabia, this is precisely why organizations must move beyond basic digitization toward full transformation.

鈥淎I is not a passing trend. It鈥檚 a generational shift that is redefining how work gets done, how decisions are made, and how value is created,鈥 Badhris told Arab News. 鈥淭he organizations that thrive will be those that are willing to reimagine, not just automate, how work works.鈥

Turki Badhris, president of Microsoft Arabia. (Supplied)

He calls this the 鈥淔rontier Firm mindset,鈥 where companies redesign workflows to cut through digital noise and unlock focus, rather than simply adding new technology on top of old processes.

Human resources professionals are seeing the human cost of this always-on culture firsthand.

鈥淲ith digital transformation under Vision 2030 and the shift to flexible work models after the pandemic, it鈥檚 becoming harder for people to switch off,鈥 said Aminah Alalaiwi, assistant manager HR Business Partner at Bupa Arabia.

鈥淥ver time, that takes a real toll on the employee and induces burnout, stress, and lower engagement,鈥 she said.

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To address this, Alalaiwi completed Mental Health First Aid training, an initiative her company encouraged.

鈥淚t gave me the tools to spot early signs of struggle and respond in a way that actually helps,鈥 she added. 鈥淭hat鈥檚 why I believe HR has to go beyond policies. We need to actively create cultures where well-being and performance reinforce each other.鈥

AI adoption is already demonstrating its potential to reshape work across the Kingdom. At Obeikan Investment Group, the O3ai platform 鈥 built on Azure OpenAI and IoT 鈥 analyzes production data in real time, boosting operational efficiency by 30 percent and cutting costs by a similar margin across 20 factories.

Aminah Alalaiwi, assistant manager HR Business Partner at Bupa Arabia. (Supplied)

At Ma鈥檃den, Microsoft Copilot and Azure OpenAI are used to summarize policies, draft documents, and automate governance workflows, saving employees more than 2,200 hours every month. At Sanabil Investments, structured adoption of Copilot led to 70 percent employee uptake in just two months, cutting content creation time by 50 percent.

Badhris emphasizes that Microsoft鈥檚 role is to help companies go beyond merely deploying tools.

鈥淲e work hand-in-hand with leaders to align technology adoption with business priorities, governance frameworks, and change management strategies,鈥 he said. 鈥淥ur approach is about co-creating roadmaps for responsible innovation.鈥

To support this transformation, Microsoft is investing heavily in local infrastructure. Its new cloud datacenter region in 黑料社区 will provide enterprise-grade services with low-latency access and full compliance with data residency requirements, enabling organizations to scale AI securely.

DID YOU KNOW?

鈥 Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025.

鈥 The initiative has been launched in partnership with the Ministry of Communications and Information Technology and SDAIA Academy.

鈥 AI adoption is already demonstrating its potential to reshape work across the Kingdom.

But as Alalaiwi warns, even the best tools can backfire without clear boundaries.

鈥淎I can automate repetitive tasks, prioritize communications, and support smarter scheduling, reducing stress and allowing employees to disconnect after hours,鈥 she said. 鈥淗owever, without clear policies, these same tools can generate more notifications, blur boundaries, and increase the expectation of being 鈥榓lways available.鈥欌

Skilling remains a cornerstone of this shift. Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025, in partnership with the Ministry of Communications and Information Technology and SDAIA Academy. Programs like the Microsoft AI Academy and the Center of Excellence for AI and Cloud Computing aim to prepare Saudi talent with globally recognized certifications and hands-on skills.

Microsoft Arabia has committed to training 100,000 Saudi nationals in AI skills by 2025, in partnership with the Ministry of Communications and Information Technology and SDAIA Academy. (Supplied)

Badhris advises business leaders to act now rather than wait for a perfect plan.

鈥淪tart small but start now,鈥 he said. 鈥淚dentify where AI can cut through the noise, reduce repetitive tasks, and unlock focus. These quick wins often become the catalyst for deeper cultural change.鈥

As 黑料社区 accelerates toward Vision 2030, the pressure to transform digitally is rising. But Badhris believes the real competitive edge in the AI era will come not from being the busiest, but from being the smartest鈥攁nd the most human.

鈥淲e can let work spill endlessly into our evenings,鈥 he said, 鈥渙r we can reclaim time for the things that matter.鈥


 

 


Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥
Updated 18 September 2025

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes鈥

RIYADH: 黑料社区鈥檚 ports saw robust growth in 2024, with exports climbing 9.3 percent to 222.4 million tonnes, pushing total cargo volumes to 334.5 million tonnes and reinforcing the Kingdom鈥檚 expanding role in global trade.

Data from the General Authority for Statistics showed that King Fahad Industrial Port in Yanbu led in exports, handling 114 million tonnes 鈥 or 51 percent of the total. Imports also rose 3.6 percent to 108.9 million tonnes last year.

The surge in cargo aligns with 黑料社区鈥檚 National Transport and Logistics Strategy under Vision 2030, which seeks to position the Kingdom as a global logistics hub connecting Asia, Europe, and Africa.

GASTAT鈥檚 report highlighted container activity, noting that more than 2.5 million inbound and outbound containers were handled in 2024, including 1.3 million outbound and over 1.2 million inbound units. Of these, 20-foot containers exceeded 1.3 million, while 40-foot containers surpassed 1.1 million, alongside roughly 1,400 containers of other sizes.

In terms of port throughput, Yanbu led with 39.8 percent, followed by King Fahad Industrial Port in Jubail at 19 percent. King Abdulaziz Port in Dammam accounted for 15.5 percent, Jeddah Islamic Port handled 14.1 percent, and the remaining 11.6 percent was distributed among other ports nationwide.

King Abdulaziz Port in Dammam also received the largest share of imports, totaling 38 million tonnes (35 percent of inbound cargo), while Yanbu dominated exports with 114 million tonnes (51 percent of outbound shipments).

Liquid bulk cargo topped all categories, exceeding 177 million tonnes, underscoring the continued importance of oil and petrochemical trade. Transshipment cargo surpassed 21 million tonnes, including nearly 11 million tonnes loaded and 10.4 million tonnes unloaded 鈥 equivalent to around 2 million standard containers.

Vessel traffic remained strong, with 8,693 ships docking at Saudi ports. Jeddah Islamic Port received the highest volume at 3,805 vessels, followed by King Abdulaziz Port with 1,980, Neom Port with 951, and Yanbu with 554.

Passenger traffic, however, fell 19.6 percent from 2023, totaling 912,800 travelers. Jazan Port recorded the highest passenger activity at over 485,000, followed by Jeddah Islamic Port with 217,600 and Neom Port with 205,100.

Compiled using data from the Saudi Ports Authority and related entities, the annual maritime report provides valuable insights into the flow of goods, passengers, and vessels, offering a foundation for future transport sector planning and development.


Closing听Bell: Saudi main index听rises to close at 10,780听

Closing听Bell: Saudi main index听rises to close at 10,780听
Updated 18 September 2025

Closing听Bell: Saudi main index听rises to close at 10,780听

Closing听Bell: Saudi main index听rises to close at 10,780听

RIYADH: 黑料社区鈥檚 Tadawul All Share Index rose on Thursday, gaining 130.30 points, or 1.22 percent, to close at 10,780.69. 

Total trading turnover of the benchmark index reached SR16.4 billion ($4.3 billion), with 191 stocks advancing and 58 retreating. 

The Kingdom鈥檚 parallel market, Nomu, also climbed, adding 167.71 points, or 0.67 percent, to close at 25,290.92, as 38 stocks gained while 42 declined. 

The MSCI Tadawul Index advanced 15.37 points, or 1.11 percent, to close at 1,398.79. 

The day鈥檚 top performer was MBC Group Co., whose shares surged 9.97 percent to SR32.20. Other strong gainers included Electrical Industries Co., up 9.90 percent to SR9.99, and Dar Al Majed Real Estate Co., which rose 7.62 percent to SR13.14. 

On the downside, Saudi Public Transport Co. posted the steepest decline, falling 4.46 percent to SR12.42. Musharaka REIT Fund slipped 3 percent to SR4.20, while Alandalus Property Co. dropped 2.62 percent to SR18.60. 

In corporate developments, Al Kathiri Holding Co. announced that its subsidiary, ALIAN Industry Co., signed a memorandum of understanding with the Rwanda Housing Authority to develop 10,000 affordable housing units. 

According to a Tadawul statement, this MoU aligns with Al Kathiri Holding鈥檚 strategy to grow its presence in international markets and introduce modern construction technologies globally, supporting Saudi Vision 2030鈥檚 goal of promoting national exports.   

Al Kathiri Holding Co. ended the session at SR2.09, up 0.48 percent. 

Separately, 黑料社区n Oil Co., Aramco, completed a $3 billion sukuk issuance, comprising 15,000 trust certificates with a par value of $200,000 each. The issuance offers a return of 4.125 percent for five-year certificates and 4.625 percent for 10-year certificates.  

Aramco shares closed at SR24.47, up 1.54 percent. 

Meanwhile, First Avenue for Real Estate Development said the White Land Fees program will have no impact on its Riyadh City portfolio, which consists entirely of income-generating projects and developments under construction with issued building permits. The company emphasized it does not own any undeveloped or 鈥渨hite鈥 land.  

Shares of First Avenue closed at SR8, up 3.71 percent. 


黑料社区鈥檚 Al-Baha region unveils industrial projects worth $24m听

黑料社区鈥檚 Al-Baha region unveils industrial projects worth $24m听
Updated 18 September 2025

黑料社区鈥檚 Al-Baha region unveils industrial projects worth $24m听

黑料社区鈥檚 Al-Baha region unveils industrial projects worth $24m听

JEDDAH: 黑料社区鈥檚 Al-Baha region has unveiled SR89 million ($24 million) in industrial projects aimed at attracting investment, creating jobs, and developing its mining and small and medium enterprises sectors. 

Prince Hussam bin Saud bin Abdulaziz, governor of the southwestern region, inaugurated several infrastructure and utility projects at the First Industrial City in Al-Baha, part of efforts to strengthen the local industrial and investment environment. 

The launch was attended by Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, who also chairs the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, along with its CEO Majed bin Raed Al-Argoubi, according to a statement. 

Al-Baha holds significant untapped mineral wealth, which 黑料社区 aims to explore as mining emerges as a key driver of economic diversification under Vision 2030. 

The Ministry of Industry and Mineral Resources recently highlighted the region鈥檚 deposits of precious and base metals 鈥 including gold, silver, copper, zinc, and lead 鈥 alongside industrial rocks and ornamental stones such as feldspar, marble, and pozzolan, estimating the value of these resources at SR285.4 billion. 

The newly launched projects include integrated service and logistics facilities in the industrial city, which 鈥渨ill help attract more quality investments, in line with Saudi Vision 2030 objectives to support regional development and empower the industrial sector,鈥 the statement said. 

Multiple memorandums of understanding were also signed to promote investment, develop national competencies, and strengthen cooperation with academic and professional institutions, including the Technical and Vocational Training Corp. and Al-Baha University. 

鈥淭he agreements aim to enhance collaboration in training, exchanging experiences, qualifying graduates for employment in the industrial sector, and supporting small and medium enterprises through joint programs that contribute to both investment and industrial efficiency in the region,鈥 the statement added. 

Prince Hussam said the projects underscore the Kingdom鈥檚 commitment to advancing the sector, attracting investment, creating youth employment, and boosting SMEs through collaboration with universities and educational institutions. 

Alkhorayef stressed that the industrial and mining sectors are vital for Vision 2030, contributing significantly to economic diversification. 

鈥淗e explained that the ministry seeks to extend its initiatives to all regions of the Kingdom, including Al-Baha, by enabling the local industrial environment and promoting unique industries that will enhance the region鈥檚 economic role,鈥 the statement said. 

The ministry is collaborating with major companies on exploration, creating investment opportunities in mining and downstream industries, and encouraging investors to seize these prospects. 

By July, the region had granted 39 mining licenses, representing total investments of SR117 million. 

Al-Baha鈥檚 industrial base comprises 49 factories: 34 in building materials, nine in food production, five in plastics and rubber, with the remainder in chemicals, metals, and other sectors, according to ministry spokesperson Jarrah Al-Jarrah.