Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Eqtisadiah and Al-Yaum newspepers reported in their editorial that His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Chairman of the Board of Directors of the Red Sea Development Company, launched the "Coral Bloom" design vision for the main island of the Red Sea project. Red Sea project is one of the promising Public Investment Fund (PIF) projects, which will achieve important diversification to the Saudi economy, as it is an investment in the important geographical location mediates the three continents, the papers added. The project works on investing in the infrastructure of Saudi economy, which yields high returns to society, creates sustainable jobs and achieves economic diversification that would help Saudi economy to overcome the fluctuations of oil prices, the paper further added. The project is seen as one of the most important renewable tourism projects in the world with its new concept related to protecting the environment using environmentally friendly designs, the papers concluded.
