8 Hrs
Source:
الاقتصادية
Red Sea Yacht Show Debuts with $500M Revenue
Salam, here is the translated text into English, maintaining the tone and meaning: "Salam, here is the translated text into English, maintaining the tone and meaning: 'The Sirena Company, owned by the Saudi Public Investment Fund, announced the signing of a cooperation agreement with Tahalof Company to host the first edition of the Red Sea Yacht Exhibition in Jeddah from October 14 to 17, 2027. The exhibition aims to attract around 50 luxury yachts, 150 exhibitors, and more than 10,000 visitors, showcasing a fleet of luxury yachts valued at over $3 billion, with anticipated economic returns reaching up to $500 million from yacht sales, rentals, and luxury tourism. The exhibition seeks to enhance Saudi Arabia's position as a global hub for marine tourism and to organize a high-profile event that bridges the luxury yacht market in the Mediterranean with the growing opportunities in the Red Sea, supported by the event development and international relations expertise of both Sirena and Tahalof.'"
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