Saudi Red Sea Authority grants yacht licenses to 1,760 companies
The Red Sea Authority in Saudi Arabia has issued a license to a yacht rental company, "One Thousand Seven Hundred Sixty Limited," aiming to regulate yacht rental activities and enhance the quality of services and sustainable practices in the coastal sector of the Red Sea. This is the fourth license of its kind in 2026, bringing the total number of licenses to nine. The initiative seeks to attract investments, create job opportunities, and improve safety and marine environmental standards. This effort is part of the Authority's broader initiatives to develop the maritime tourism sector and strengthen its regulatory maturity.
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