RSG has also become the first owner of a fleet of carbon-neutral smart buses in the kingdom, following its agreements with global companies in smart electric mobility
Red Sea Development Company
Latest in Red Sea Development Company
Amaala
Saudi Arabia’s Red Sea Project, AMAALA merge to form Red Sea Global
The two developers have confirmed the merge to form Red Sea Global (RSG) on Tuesday
Amaala
Red Sea Development Company’s state-of-the-art Marine Life Institute to provide visitors multidimensional experiences
Expected to host up to 650 people at any one time, guests at the institute will be able to walk underwater, snorkel with rare species, participate in lab tours and dive the depths of the Red Sea in a submarine
Red Sea
Saudi Arabia sets up new authority to develop ‘Red Sea economy’
Minister of Tourism to chair the Saudi Red Sea Authority which aims to deliver a ‘seamless tourist experience’ through regulation of marine tourism activities
Desert Rock
The Red Sea Development Company unveils spectacular Desert Rock mountain resort
Desert Rock will integrate architecture with nature as hotel and facilities will be built into the stunning Saudi mountain landscape
Desert Rock
Desert Rock mountain resort unveiled to support Saudi tourism ambitions
Red Sea Development Company reveals plans for mountain resort to allow guests to connect with nature
Arabian & African Hospitality Investment Conference
Why Saudi’s Red Sea Project is eyeing its own ‘hyper-luxury’ resort brand
About 50% of resorts in the destination will be in the five-star traditional luxury segment, while 10% would be dedicated to ‘hyper-luxury’ properties, according to Red Sea Project CEO
Amaala
Saudi Arabia to combine PIF-backed Red Sea coast developers
Red Sea Development Co. will take over Amaala, both owned by the country’s Public Investment Fund and building adjacent tourist destinations
Red Sea Development Company
Investors showing ‘strong interest’ in Saudi giga-project
Phase one of Red Sea Development involves the construction of 16 hotels and 3,000 keys
NEOM
Saudi Arabia looks to UK to ‘share tourism experiences’ for kingdom’s megaprojects
Kingdom is seeking global personnel and investment for its huge pipeline of megaprojects, say experts
Arabian Travel Market
Saudi’s Red Sea giga-project to limit annual tourist numbers to 1 million
CEO Jean Pagano tells panel discussion at Arabian Travel Market that just a ‘small fraction’ of the 28,000 sq km site will be developed
Green loan
Saudi Red Sea tourism plan set to clinch $3.7 billion green loan
The deal to help fund the first phase of the development will be a so-called green loan, with the proceeds used to finance environmentally sustainable investment
John Pagano
Red Sea Project developer awards contract for eco-friendly Coastal Village
Coastal Village will be home to around 14,000 people who will eventually work at the mega tourism destination
Fenwick Elliott
Video: The opportunities and challenges of Saudi Arabia’s Vision 2030
The Legal Table KSA webinar with Fenwick Elliott and Hammad Al-Mehdar, we discuss how Saudi Arabia’s Vision 2030 agenda is driving opportunities for its broad range of gigaprojects including The Red Sea Development Company, Qiddiya, and NEOM.
John Pagano
Saudi Arabia eyes $2.7bn contracts for Red Sea tourism project
Red Sea Development Co CEO says planning to raise another $2.7bn in commercial debt to help fund project
Amaala
Saudi reforms: Is this just the tip of the iceberg?
A raft of laws and relaxations have had a huge impact on Saudi Arabia in a relatively short space of time. As the kingdom prepares to open its doors to the masses with new tourist visa laws to be introduced, Paul Latto and Basma Khashoggi from DLA Piper reveal why they are not surprised and why they are expecting even more yet to come
Jay Rosen
Saudi Arabia’s Red Sea Development said to seek $3.5bn loan
Sources say loan may have a 15-year tenor and is likely to be backed by the kingdom’s sovereign wealth fund