First Yacht Charter Licence in the Red Sea

In a groundbreaking move to boost coastal tourism, the Saudi Red Sea Authority (SRSA) has issued the Kingdom’s first-ever yacht chartering licences. This milestone marks a pivotal moment for Saudi Arabia’s maritime tourism sector, aligning with Saudi Vision 2030’s goals to enhance tourism services, attract investment, and increase international tourist arrivals.

The licenses, issued under the newly introduced Large Yacht Chartering Regulation, permit yacht operations in the Red Sea region. Following a rigorous verification process, the initiative ensures compliance with safety, security, and environmental standards, further cementing Saudi Arabia’s commitment to high-quality tourism experiences.

This development comes at a transformative time for Saudi Arabia’s tourism landscape. With the Kingdom recently announced as the host for the FIFA World Cup 2034, global interest in Saudi Arabia is surging.  

The expansion of the tourism sector with the announcement of this new licence presents significant opportunities for businesses, particularly in marine tourism. The SRSA’s strategic focus on regulating navigational activities and attracting investments in marina operations signals a new era of growth for the Kingdom's coastal offerings. 

In 2023, Dubai welcomed a record 17.5 million international visitors, with marine tourism contributing significantly to this influx. This highlights the substantial role of marine tourism in coastal regions economic landscapes, contributing to employment, international visitor numbers, and building a global reputation as a leading marine destination.

The issuance of these licences is an indicator of Saudi Arabia's readiness to capitalise on its unique Red Sea assets, positioning the Kingdom as a premier destination for luxury and adventure tourism.

If you require assistance with obtaining a yacht charter licence or setting up a business in KSA, please contact Sovereign PPG KSA on email at KSA@SovereignGroup.com or fill in the in line form below and we would be delighted to assist.