Offshore platforms have so far been associated with oil explorations. But now, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has announced on Saturday the launch of "THE RIG", which it said would be the world's first tourism destination on offshore platforms. The fund, the engine of Crown Prince Mohammed bin Salman's economic transformation plans for Saudi Arabia, manages a portfolio worth $400 billion. Offshore Oil rig. Indicative photo. It added in a statement that the project was located in the gulf and spanned an area of more than 150,000 square metres. It said the project would feature a number of attractions, including three hotels, restaurants, helipads, and a range of adventurous activities including extreme sports. The funds did not disclose the...
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Construction on an Indonesian tourism project dubbed “Jurassic Park” on social media will continue, the Southeast Asian country’s environment ministry said on Thursday, despite UNESCO warnings the plans could have a negative environmental impact. Work on a series of tourism projects in Indonesia’s Komodo National Park, a UNESCO World Heritage Site, began last year, sparking concerns about threats to the local economy and the fragile habitat of the park’s namesake, the Komodo dragon. FILE PHOTO: Indonesia's Komodo National Park is seen in this April 6, 2018 photo. Construction in the park on a tourism project dubbed "Jurassic Park" will continue, the Southeast Asian country's environment ministry said, despite UNESCO warnings the plans could have a negative environmental impact. REUT...
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