- Saudi Arabia's Crown Prince announces a $703M funding plan to develop Darin and Tarout Island. The development plan will focus on preserving heritage, the environment and promoting tourism.
- Projects will include building Darin Castle and airport, hotels, hiking trails, Saudi Arabia’s largest mangrove forest, and organizing cultural festivals. The expansion plans aim to upgrade the quality of life for the island’s 120,000 inhabitants.
- The project is expected to yield economic and social impact, by increasing GDP and thousands of career opportunities. This further aligns with the nation's Vision 2030 goal to diversify the oil-based economy for greater prosperity.
Why it matters
The development aims to contribute $79M annually to Saudia’s GDP and increase the number of tourists to 1.36 million by 2030.