Saudi Arabia is planning to build a semi-autonomous luxury travel destination along its Red Sea coast that visitors can reach without a visa. (AP Photo/Amr Nabil, File)
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Saudi Arabia is seeking private sector investment to turn an archipelago islands, desert and mountains on its Red Sea coast into a global tourism destination.The project will cover 90 islands and 28,000 square kilometers, according to the company website.The company would seek to structure the investments as joint ventures and expects interest from domestic and regional investors, Pagano said.The first phase of the Red Sea project, due to be to be completed in 2022, will include 14 hotels and a commercial airport.
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