INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Commercial marinas to issue yacht sailing permits in KSA

FOR REPRESENTATION PURPOSE ONLY
  • Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
  • The initiative would ensure support for tourism development and enhance employment in the sector

The Public Transport Authority of Saudi Arabia, in partnership with the General Directorate of Border Guards, said that it would allow the issuance of yacht sailing permits through some commercial marinas.

This initiative aims at developing and facilitating the procedures for yacht cruises in the Kingdom’s territorial waters, ensure support for tourism development and the local marine tourism sector, enhance employment and investment opportunities in the yacht sector.

This initiative will be implemented as the first stage with several commercial marinas.

The announcement was made during a workshop organized by the Public Transport Authority in cooperation with the General Directorate of Border Guards.

The workshop was attended by yacht and marinas owners, and interested personnel in this field.