The Saudi Red Sea Authority (SRSA) has issued a marina operator license to the Jeddah Yacht Club and Marina, owned by Sela, a company under the kingdom's sovereign wealth fund PIF.

 

This issuance makes it the first international marina in Saudi Arabia to obtain this licence. 

 

The licence was presented by Engineer Mohammed Bukhari, the Vice President of Coastal Tourism Operations at SRSA to Engineer Amer Daggag, the Head of Destinations at Sela Company at a ceremony held at the Club's headquarters in Jeddah.

 

 According to SRSA, this step is part of its accelerated efforts to build a promising coastal tourism sector and regulate coastal tourism activities by issuing the necessary licenses and permits and establishing specific guidelines, rules, and standards for marinas, including their development, management, and operation.

 

The initiative aims to enable and encourage those interested in participating in these activities, attract and support investors, and promote coastal tourism projects in the Red Sea, it stated.

 

SRSA began its journey towards building and regulating the coastal tourism sector in 2021, with the objective of enhancing integration between the relevant entities by issuing licenses and permits and developing the necessary policies and strategies.-TradeArabia News Service