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The new company’s establishment is consistent with the ambitions within Vision 2030 to increase the Kingdom’s cultural and entertainment offering, to create new employment opportunities, and to make use of the wealth of talent and energy among Saudi youth.

The company is planning to invest in a number of entertainment projects, which includes an entertainment complex that will be launched by 2019, and is expected to generate more than 22,000 local jobs and contribute SR8 billion (.133 billion) to the economy by 2030.

The natural reserve, which is part of the ambitious project, is inhabited by rare wildlife including leopards, wolves, wildcats and falcons.

Furthermore, the Red Sea project will offer parachuting, trekking and rock climbing.

The UNESCO included Historic Jeddah and the Hail Rock Arts in the World Heritage List in consecutive years during the 38th UNESCO world heritage committee session in Qatar (2014) and 39th session of UNESCO world heritage committee in Bonn, Germany (2015).

The Hail Rock Arts are the fourth UNESCO heritage site in the Kingdom as earlier, UNESCO declared Madain Saleh as a site of patrimony in 2008, and it became Saudi Arabia’s first World Heritage Site.

In addition, it will rehabilitate 18 urban heritage sites, bringing their total to 28, and establish 18 regional museums to bring the total in the Kingdom to 24.

SCTH will also rehabilitate 80 archaeological sites, and ready them for the public, bringing their total to 155, in addition to registering three more sites on UNESCO’s World Heritage List, bringing the Kingdom’s total registered sites to seven.It will be developed in partnership with the world’s leading hospitality firms.Situated just a few kilometers from one of the most diverse Saudi natural reserves in Harrat Al-Rahat, the resort promises to be a blissful coastal island retreat set against a backdrop of the ancient ruins at Madain Saleh, renowned for its natural beauty and heritage value.Unveiling an ambitious plan for tourism revolution to make Saudi Arabia a world-class travel destination, Crown Prince Mohammed bin Salman in August announced the launch of “The Red Sea” tourism project.Envisioned as a resort built across a lagoon of 50 pristine islands, the ambitious tourism project will be situated in one of the world’s last natural hidden treasures between the cities of Um Laj and Al-Wajh on the west coast.An estimated 50 million visitors annually are also expected by that time.