Monday 10 December 2018

Virgin Group chairman to invest in Saudi tourism project

JEDDAH, October 8, 2017

Richard Branson, founder and chairman of Virgin Group, is looking to invest in a major project that will turn 50 Saudi Arabian islands into luxury tourism destinations, a report said.

Branson is the first international investor to commit to the Red Sea project, a report in Arab News said citing Saudi Arabia’s information ministry.

“This is an incredibly exciting time in the country’s history and I’ve always felt that there’s nothing like getting a firsthand impression,” said the report quoting Branson during his visit to the kingdom.

The Red Sea project is expected to generate 35,000 jobs, according to the Saudi government.

Tags: Saudi | Virgin | investment | project | group | Branson | Richard |

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