Saudi Arabia-based King Abdullah Economic City (KAEC), one of the largest economic projects in the Middle East, is set to hand over all the residential units in its Marina Tower 2 luxury apartment building at the Bay La Sun district, one of the
A deal to implement an integrated plan for the Red Sea city of El Gouna to become carbon-neutral was signed recently in Egypt.
The agreement, which was signed by the Egyptian Ministry of State for Environmental Affairs, the Italia
TUI Germany, part of Europe's largest tour operator TUI Travel, is restarting holidays to Egypt with immediate effect after the German foreign ministry relaxed its travel advice for the country.
With the Red Sea resorts remaining
Red Sea Housing Services Company, a modular housing solutions provider, said it will begin construction of the first phase of a SR60 million ($15.9 million) industrial labour camp in Jazan Economic City (JEC) by the first quarter of next year.
Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.
"The Midyan field will be developed in 2013 and it would start product
Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometres North West of the port of Daba, said a Saudi Press Agency report quoting the oil minister.
Saudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz, industry sources say.
Saudi Arabia has discovered commercially viable quantities of natural gas in the Red Sea and Empty Quarter, but has no plans to immediately start production, Oil Minister Ali al-Naimi said in a speech delivered on his behalf on Monday.
Passengers were forced to escape on lifeboats when a fire broke out on a ferry carrying more than 1,200 passengers from the Jordanian Red Sea port of Aqaba to Egypt on Thursday, a maritime official said.
The official from Egypt's Red S