Sela, a subsidiary of Saudi Arabia's Public Investment Fund, has partnered with Tahaluf under a 10-year agreement to organize the Red Sea Yacht Show in Jeddah. The inaugural event is scheduled for October 14-17, 2027.
According to the announcement, the initiative aims to position Saudi Arabia as a destination for yachting and luxury tourism. It targets more than 10,000 visitors and an economic impact of over $500 million through yacht sales and tourism.
The organizers describe the initiative as aligned with Vision 2030's goals for tourism development.