Saudi Red Sea Authority signs sustainable coastal tourism agreements with Monaco

Saudi Red Sea monaco

The Fondation Prince Albert II and Yacht Club de Monaco have together hosted representatives from the Saudi Red Sea Authority, who were in the Principality to sign two memorandums of understanding on sustainable coastal tourism.  

The Saudi Red Sea Authority (SRSA) is the regulator of marine tourism activities in the Kingdom’s Red Sea area, and also has the mandate for the development of a “prosperous local tourism economy along Saudi Arabia’s Red Sea coastline, while preserving and protecting the sea’s pristine environment”.  

The acting CEO of SRSA, Mohammed Al-Asiri, met recently with Olivier Wenden, the CEO of the Fondation Prince Albert II de Monaco (FPA2), and Bernard D’Alessandri, CEO of the Yacht Club de Monaco (YCM), to sign two memorandums of understanding on sustainable coastal tourism. 


The first agreement, with the FPA2, was created to “promote cooperation in developing human capital and future leaders; hosting joint events; exchanging knowledge and experiences in areas of mutual interest, initiatives and research projects to explore new solutions to global challenges; and raising awareness of important issues and promoting positive change through joint awareness campaigns”, according to a statement made by the FPA2.  

The second memorandum, this time specifically with the YCM, aims to encourage cooperation via joint events on topics such as environmental initiatives, sustainable practice awareness in the Red Sea, and research. It also lays out plans for the deployment of the marine professionals, who will deliver courses on navigation, safety and environmental stewardship. For its part, the YCM will promote tourism in the Red Sea.  

Al-Asiri described the two agreements “strategic partnerships”. 

“The two memorandums of understanding aim to improve cooperation with global maritime entities in order to achieve our goals in developing the maritime sectors, ensuring the protection of the natural environment, and encouraging coastal tourism in the Kingdom, including developing it economically.”  


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