NEOM - Sindalah
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“No one is excited to inherit this project,” one said, but “there is a team working on how to salvage it.”

“Is it ultra-luxury like it was intended to be? No. It is not up to standard. In order to change it to that would require a lot of investment,” said one source.

Another estimated that the bill for completing and remediating Sindalah could ultimately be “more than it cost to build”.

“Potentially, they are going to have to write off Sindalah.”

Source: https://www.agbi.com/giga-projects/2026/07/deserted-island-what-happened-at-neom-sindalah-and-whats-next/

Source: https://maps.app.goo.gl/T3WnCkGsZyQUDsog6

Sovereign wealth fund plans to move control of Sindalah resort away from Neom project

Saudi Arabia’s sovereign wealth fund plans to shift management of a Red Sea tourist island away from its Neom desert development,*as Crown Prince Mohammed bin Salman’s more than $500bn mega-project undergoes a shake-up after a series of setbacks.

Red Sea Global, another subsidiary of the Public Investment Fund and which has opened similar resorts, is set to take over the ultra-luxury development on Sindalah island, according to two people familiar with the matter.

Sindalah, which is designed to include a marina for luxury yachts and a golf club, was supposed to open in early 2024. It had a soft opening to an exclusive group of investors and VIP guests in October that year, but has yet to open to the public.

Red Sea Global’s experience in successfully launching tourism projects has convinced decision makers that the company is better placed to manage Sindalah while Neom focuses on its other projects, said the people familiar with the matter.

Source: https://www.ft.com/content/5b6156b4-8325-4229-b092-b3575098022b

Originally Posted by Guest

Eleven months after a lavish launch party for Sindalah Island – pitched as offering the first taste of the kingdom’s futuristic Neom giga-project – the island remains largely deserted.

https://www.agbi.com/analysis/giga-projects/2025/09/a-year-after-its-glitzy-debut-sindalah-shows-no-sign-of-life/

Well, the island remains largely 'deserted' because it's not open and there are no ferries going to the island.

Eleven months after a lavish launch party for Sindalah Island – pitched as offering the first taste of the kingdom’s futuristic Neom giga-project – the island remains largely deserted.

https://www.agbi.com/analysis/giga-projects/2025/09/a-year-after-its-glitzy-debut-sindalah-shows-no-sign-of-life/

Source: https://x.com/Saudfromabove/status/1968360515547398569/

https://peter-mason.com/portfolio/hotels/

https://issuu.com/zarrintasnimanila/docs/z_anila_portfolio_2025

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