RIYADH: Saudi Crown Prince Mohammed bin Salman has allocated as much as SR. 2.64 billion ($703 million) for the development orientation of Darin and Tarout island.
This comes after the Crown Prince approved the development orientation of the island as well as gave the green light for the establishment of an institution for the development process.
The island aims to improve the quality of life in the Kingdom while developing the local product by taking advantage of the comparative advantages of the island in terms of heritage, environment, and tourism.
This will also help in contributing to achieving economic diversification in Saudi Arabia. The island is located on an area of 32 square kilometers that is inhabited by an estimated 120,000 people.
The development orientation of the island includes identifying the components and comparative as well as competitive advantages of the island according to three main pillars: preserving the cultural and historical heritage of the island, revitalization of natural and environmental sites, and improving the quality of life while enhancing its tourism economy.
In order to achieve the objectives of the developmental orientation of the island, more than 19 qualitative initiatives have been developed. –Agencies
