News

Saudi Arabia Plans Huge Adventure Tourism Oil Rig Facility

THE RIG is located 40 km offshore, close to Al Juraid Island and the Berri Oil Field in the Arabian Gulf.

Published

1 year ago

January 19, 2024

Nour Nasir

saudi arabia plans huge adventure tourism oil rig facility

Public Investment Fund

Saudi Arabia has unveiled plans for a groundbreaking adventure tourism project known as THE RIG, which takes inspiration from offshore oil platforms, and is poised to become the world’s first adventure tourism hub. The development is led by the Oil Park Development Company (OPDC), and is set to revolutionize marine sports and global adventure tourism.

Aligned with the goals of Saudi Arabia’s Vision 2030 initiative, THE RIG aims to strengthen the nation’s tourism sector, create job opportunities, attract investments, and diversify the economy. The expansive facility, covering an area of 300,000 square meters, is strategically positioned approximately 40 kilometers off the coastline, near Al Juraid Island and the Berri Oil Field in the Arabian Gulf.

the rig saudi arabia

Raed Bakhrji, CEO of OPDC, envisions THE RIG as a magnet for an estimated 900,000 visitors annually by the year 2032, drawing individuals from domestic, regional, and international backgrounds.

Also Read: Dubai Plans To Deploy Driverless Pods And Green Rail Buses

THE RIG will feature three hotels, collectively offering 800 rooms, along with 11 dining establishments, a marina, helipads, and an extreme sports and adventure park. The extensive array of water-based activities comprises a diving center, amusement park, splash park, eSports center, immersive theater, and a versatile arena, ensuring a multifaceted and exhilarating experience for all visitors.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

7 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.