Saudi Arabia's Public Investment Fund subsidiary Sela has partnered with Tahaluf to launch a 10-year agreement to organize the Red Sea Yacht Show in Jeddah, with the inaugural event scheduled for October 14-17, 2027. This initiative aims to position Saudi Arabia as a top destination for yachting and luxury tourism, targeting over 10,000 visitors and generating an economic impact of over $500 million through yacht sales and tourism, aligning with Vision 2030's goals for tourism development.

Source: Arab News