The Saudi Red Sea Authority (SRSA) has issued its first yacht chartering company licenses for 2025 to Hasco Marine Works Corp. and Al Ahlam Hotels & Marinas Tourism Company. This move aligns with SRSA’s mandate to regulate coastal tourism, enhance service quality, and support economic growth in line with Saudi Vision 2030.
The Yacht Chartering Company License is awarded to companies that meet SRSA’s regulatory requirements, including ensuring the seaworthiness of chartered yachts and adhering to local and international safety and environmental standards. These licenses aim to strengthen regulatory oversight, expand service offerings, attract investment, and increase tourist arrivals in the Red Sea region.
With these approvals, SRSA has now issued a total of five Yacht Chartering Company Licenses, contributing to the development of coastal tourism and marine sustainability in Saudi Arabia.
