# Saudi Arabia is undecided whether to invest in Egypt’s Red Sea coast. Speaking at the Fortune Global Forum in Riyadh, Tourism minister Ahmed Al-Khateeb stated that the kingdom is prioritising domestic tourism developments, including the Red Sea Global project, set to open 17 new hotels by May 2026. Al-Khateeb also confirmed that Saudi Arabia already meets FIFA’s hotel capacity requirements for hosting the 2034 World Cup, emphasising luxury experiences over alcohol tourism.
Saudi Arabia yet to decide on investing in Egypt’s Red Sea coast