Monday 25 March 2019 ,
Monday 25 March 2019 ,
Latest News
  • 4 suffer bullets in Cox’s Bazar ‘UZ election clash’
  • Cop shot in attack at Chattogram polling station
  • Voting at all centres in Katiadi suspended over rigging
  • 3rd phase of UZ polls going on
  • Celebrated singer Shahnaz Rahmatullah passes away
2 August, 2017 00:00 00 AM
Print

Saudi Arabia to launch Red Sea tourism resorts

AFP

AFP, RIYADH: Saudi Arabia yesterday announced the launch of a massive tourism project that will turn 50 islands and a string of sites on the Red Sea coast into luxury resorts.

The plan is part of efforts to diversify the ultraconservative kingdom's oil-dependent economy following a slump in energy prices.

It covers more than 180 kilometres (112 miles) on Saudi Arabia's western coastline, stretching from Umm Lajj to Al-Wajh.

Initial investments will be provided by the Public Investment Fund before the project is opened to international investors, state news agency SPA reported.

Construction will begin in the third quarter of 2019 with a first phase that includes expanding a domestic airport and developing luxury hotels and housing, expected to be completed by the third quarter of 2022, it said.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 54.5%
No 41.7%
No Comment 3.8%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
0102
03040506070809
10111213141516
17181920212223
24252627282930
31

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting