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

3 years 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

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

1 week ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

Also Read: Lebanon’s 5G Era Begins With 150 Stations And A $1M Budget

The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.