Red Sea Global

Red Sea Global
Native name
البحر الأحمر الدولية
FormerlyThe Red Sea Development Company (TRSDC)
Company typePrivate
IndustryReal estate development
Founded31 July 2017; 7 years ago (2017-07-31)[1]
FounderMohammed bin Salman
Headquarters
Tabuk
,
Saudi Arabia
Key people
OwnerPublic Investment Fund
SubsidiariesThe Red Sea Project
Amaala
Thuwal
Shebara
Fly Red Sea
Websitewww.redseaglobal.com/en/

Red Sea Global (RSG; Arabic: البحر الأحمر الدولية), previously known as The Red Sea Development Company,[4] is a real estate development company based in Tabuk, Saudi Arabia. The company was founded in July 2017 by the Saudi crown prince Mohammed bin Salman, and is owned by the Public Investment Fund.[5] As one of Saudi Arabia's Vision 2030 goals, Red Sea Global aims to diversify the Saudi economy away from fossil fuels by contributing to the growth of its tourism sector.[6]

History

Red Sea Global was officially launched by the Saudi Public Investment Fund on 31 July 2017 as "The Red Sea Development Company". It is one of the 5 Saudi Vision 2030 megaprojects which are Neom, Roshn, Qiddiya, and Diriyah Company.[7]

In June 2023, Red Sea Global signed a deal with Al-Ahli Football Club to become its platinum sponsor.[8]

Projects

The Red Sea Project

Main article: The Red Sea Project
One of the 92 islands that form an archipelago at The Red Sea tourism destination on the west coast of Saudi Arabia.

Built in an archipelago consisting of 92 different islands, The Red Sea Project is the largest of Red Sea Global's projects in terms of scale. The Construction of the project official began in February 2019.[9]

The project includes the following destinations:

  • Shura Island: The island is the main hub of red sea project. Shura island is home to Coral Bloom project designed by Foster and Partners.[10]
  • Ummahat Islands: Ummahat is home to both St. Regis Red Sea Resort and Nujuma by The Ritz-Carlton.[11][12]
  • Sheybarah Island: The island is home to Shebara Resort, which features reflective overwater orb villas designed by Killa Design. The 150-ton villas were transported and installed by Mammoet.[13]
  • Southern Dunes: A luxury inland resort by Six Senses, 100km northeast of the town of Umluj.[14]
  • Desert Rock: A luxury inland resort of villas and hotel rooms carved into granite mountains. The destination is designed by Oppenheim Architecture.[15]

The Red Sea project is accessed by the Red Sea International Airport. The airport began operations in September 2023 with an inaugural flight from King Khalid International Airport, Riyadh, via Saudia.[16] In April 2024, the airport received its first international flight from Dubai International Airport via flydubai.[17]

Amaala

Main article: Amaala

Announced in September 2018, Amaala is a tourist destination that covers an area of 3,800 km2.[18]

Amaala includes 3 main regions:[19]

  • Triple Bay: A wellness hub that includes various activities including yachting, golfing, and falconry. Triple Bay will also include marine life institute research and education centre.
  • The Island
  • The Coastal Development

Amaala will be accessible via a dedicated airport.[20]

Thuwal

Announced in October 2023, Thuwal is a buy-out-only private island. Thuwal covers an area of 17,000 m2.[21]

Promotion

In March 2024, famous football player Cristiano Ronaldo, which at the time was a player for the Saudi team Al Nassr, visited the Red Sea destination. Ronaldo promoted the destination on his Instagram account, which at the time had more the 600 million followers. [22]

In April 2024, Red Sea Global announced a collaboration with Warner Bros. Discovery to produce a documentary titled "Beneath the Surface: The Fight for Corals".[23]

See also

References

  1. ^ "His Royal Highness the Crown Prince announces the launch of The Red Sea Project as an international tourist destination as part of the Kingdom's 2030 Vision". pif.gov.sa. Public Investment Fund. 31 July 2017. Retrieved 25 April 2024.
  2. ^ "Leadership". redseaglobal.com. Red Sea Global. Retrieved 25 April 2024.
  3. ^ "Beyond Sustainability: John Pagano". The CEO Magazine. 26 October 2022. Retrieved 25 April 2024.
  4. ^ "Red Sea Development Company awards contract to begin ground-work for staff village". Argaam. 28 September 2019. Retrieved 25 April 2024.
  5. ^ Foreman, Colin (1 August 2017). "Riyadh launches Red Sea project". Meed. Retrieved 25 April 2024.
  6. ^ Hodgetts, Robb (3 January 2024). "Why Saudi Arabia's Red Sea coast could be the next big luxury tourism destination". CNN. Retrieved 25 April 2024.
  7. ^ "A proven track record of delivering some of the world's most renowned projects". pif.gov.sa. PIF. Retrieved 1 February 2024.
  8. ^ "Red Sea Global signs sponsorship deal with Saudi Arabia's Al-Ahli Football Club". Arab News. 23 June 2023. Retrieved 12 May 2024.
  9. ^ "Saudi Arabia begins initial phase of constructions to build The Red Sea Project". Al Arabiya. 28 February 2019. Retrieved 25 April 2024.
  10. ^ Al Amir, Khitam (10 February 2021). "Saudi Arabia launches 'Coral Bloom', part of Red Sea Project". Gulf News. Retrieved 25 April 2024.
  11. ^ "The St. Regis Red Sea Resort opens". Hotel Designs. 11 January 2024. Retrieved 25 April 2024.
  12. ^ "Nujuma, a Ritz-Carlton Reserve is taking bookings for stays in May". Fact Magazines. 21 March 2024. Retrieved 25 April 2024.
  13. ^ "RED SEA PROJECT UNVEILS PROGRESS ON SHEYBARAH ISLAND". Design Boom. Retrieved 25 April 2024.
  14. ^ Gillett, Katy (13 February 2024). "Six Senses Southern Dunes offers serenity in Saudi Arabia's Red Sea - Hotel Insider". The National News. Retrieved 25 April 2024.
  15. ^ "RED SEA SHARES DESERT ROCK CONSTRUCTION PROGRESS". Design Boom. Retrieved 25 April 2024.
  16. ^ Gillett, Katy (25 September 2023). "Travel Unpacked: Red Sea International opens and the UAE's first direct flight to Penang". The National News. Retrieved 25 April 2024.
  17. ^ Turner, Kathleen (31 March 2024). "Red Sea International Welcomes Overseas Flights Serving New Resorts". Forbes. Retrieved 25 April 2024.
  18. ^ Foreman, Colin (30 September 2018). "Saudi Arabia announces another Red Sea project". Meed. Retrieved 25 April 2024.
  19. ^ "Saudi Arabia's King Salman announces nearly $3 billion in development projects". The National News. 20 November 2018. Retrieved 24 April 2024.
  20. ^ Street, Francesca (3 July 2020). "New Saudi Arabia airport design resembles shimmering desert mirage". CNN. Retrieved 25 April 2024.
  21. ^ Mitchell, Bea (25 October 2023). "Red Sea Global unveils new private island destination, Thuwal". blooloop. Retrieved 25 April 2024.
  22. ^ Corder, Josh (20 March 2024). "Cristiano Ronaldo Visits Saudi Arabia's The Red Sea". Skift. Retrieved 25 April 2024.
  23. ^ Coates, Charlotte (17 April 2024). "Red Sea Global collaborates with Warner Bros. Discovery on coral documentary". blooloop. Retrieved 25 April 2024.

Visit Red Sea

Amaala

Thuwal Private Retreat