Business · Companies · 3 hrs ago

Jeddah to host Red Sea yacht show under 10-year deal

Jeddah to host Red Sea yacht show under 10-year deal

Jeddah will host the Red Sea International Yacht Show under a 10-year agreement signed by Saudi companies Sela and Tahaluf.

The first edition is scheduled for October 14–17, 2027, at the Jeddah Yacht Club and Marina.

The show is intended to connect the Red Sea coast with the global yacht and marine tourism industries.

Saudi Arabia hopes to use it to attract international visitors, investors and yacht makers, and support tourism and economic diversification.

Organisers aim to draw more than 50 yachts, 150 exhibitors and 10,000 visitors to the first edition.

They estimate its economic impact could exceed $500 million through yacht sales and rentals and luxury tourism.

The agreement covers 10 years, and organisers plan to expand the event in later editions, with targets for more yachts, visitors, brands and economic impact.

1 source

Related

What people are saying

Mike ChampionTahaluf chief executive
The Red Sea has unique natural advantages that qualify it to be one of the world’s leading yacht destinations, and we are working with our partners to deliver the first edition next year, meeting the expectations of exhibitors and visitors and establishing a show that develops from one edition to the next and contributes to the growth of marine tourism in the Kingdom.
via Okaz