Voice of America - VOA News on Nostr: Red Sea Tensions Threaten Saudi Mega-Project ========== The Red Sea warfare between a ...
Red Sea Tensions Threaten Saudi Mega-Project
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The Red Sea warfare between a U.S.-led alliance and the Yemen-based Houthis poses a risk to Saudi Arabia's Jeddah Central Project, a $19.9 billion development aimed at transforming Jeddah into a world-class tourist destination. The project, initiated by Crown Prince Mohammed bin Salman, includes an opera house, museum, sports stadium, oceanarium, marina, beach resorts, dining options, and residential areas. It is projected to offer 8,000 rooms across 50 hotels, create around 70,000 jobs, and contribute $5.3 billion annually to the Saudi economy from 2030 onward. The Jeddah Islamic Port, which handled a record amount of freight in October, is also threatened by the Houthi attacks. The United States has highlighted the impact of the attacks on the regional economy and called for a long-term solution to the Arab-Israeli conflict. Saudi Arabia has reiterated its call for the recognition of the Palestinian state on the 1967 borders with East Jerusalem as its capital.
#RedSea #SaudiArabia #JeddahCentralProject #HouthiAttacks #JeddahIslamicPort #Arab-israeliConflict #PalestinianState
https://www.voanews.com/a/red-sea-tensions-threaten-saudi-mega-project/7482033.html
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The Red Sea warfare between a U.S.-led alliance and the Yemen-based Houthis poses a risk to Saudi Arabia's Jeddah Central Project, a $19.9 billion development aimed at transforming Jeddah into a world-class tourist destination. The project, initiated by Crown Prince Mohammed bin Salman, includes an opera house, museum, sports stadium, oceanarium, marina, beach resorts, dining options, and residential areas. It is projected to offer 8,000 rooms across 50 hotels, create around 70,000 jobs, and contribute $5.3 billion annually to the Saudi economy from 2030 onward. The Jeddah Islamic Port, which handled a record amount of freight in October, is also threatened by the Houthi attacks. The United States has highlighted the impact of the attacks on the regional economy and called for a long-term solution to the Arab-Israeli conflict. Saudi Arabia has reiterated its call for the recognition of the Palestinian state on the 1967 borders with East Jerusalem as its capital.
#RedSea #SaudiArabia #JeddahCentralProject #HouthiAttacks #JeddahIslamicPort #Arab-israeliConflict #PalestinianState
https://www.voanews.com/a/red-sea-tensions-threaten-saudi-mega-project/7482033.html