The Insurance Authority of Saudi Arabia has partnered with the Saudi Red Sea Authority (SRSA) to introduce new insurance products aimed at mitigating risks in coastal tourism activities. This collaboration seeks to enhance the attractiveness of marine tourism and bolster local content in line with the goals of Saudi Vision 2030. The agreement, signed by the heads of both authorities, focuses on ensuring comprehensive protection for activities such as sailing, kayaking, and diving while promoting sector investment. The initiative reflects SRSA’s strategy to develop and regulate the coastal tourism industry, thereby contributing to the national economy.