The Red Sea Project (Red Sea Global)

[BurningSky]

Saudi giga-project Red Sea Global has agreed a SR2 billion ($533 million) investment deal with Kingdom Holding Co. to develop two new hospitality venues. The joint venture will see the companies in a 50-50 partnership to develop and own the Four Seasons Resort Red Sea, expected to open in early 2025.

The luxury resort is situated on Shura Island – the main hub at the Red Sea destination. The agreement will also see the development of Thuwal Private Retreat, located on a 1.7 hectare islet in a coral archipelago on the Red Sea coast.

Source: https://www.arabnews.com/node/2396716/business-economy

[Guest]

That's breathtaking. With untouched Red Sea corals and fish, as in neighboring Sharm El Sheikh.

The Maldives finally got a real competitor!!

[mrg]

https://www.google.com/maps/contrib/106542794240648411762/place/ChIJUaZOlfv5sBURnQYjxwrLh7k/@25.5587889,34.0897986,7z/data=!4m6!1m5!8m4!1e2!2s106542794240648411762!3m1!1e1?entry=ttu

[Guest]

When exactly do the St Regis and Ritz-Carlton open? I want to go there!

[HunterX]

Red Sea Global (RSG) has signed a long-term strategic alliance with The Royal Commission for AlUla (RCU) to enhance and grow Saudi Arabia’s burgeoning tourism sector. This collaboration aims to elevate the kingdom’s prominence as a top destination for both tourists and investors.

Two major tourism projects in Saudi Arabia – the Red Sea region and AlUla – are situated just 350 km apart and share several characteristics. Both are navigating their unique challenges while advancing their respective development plans.

Source: https://www.constructionweekonline.com/gigaprojects/saudi-developers-red-sea-global-rcu-sign-long-term-partnership

[Guest]

Coming VERY soon!

[BurningSky]

Red Sea Global celebrates first flight to new airport

Riyadh, 21 September, 2023: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, is celebrating the first flight to its Red Sea International Airport (RSI), which touched down on the new runway earlier today (21 September 2023).

Departing from King Khalid International Airport (RUH) in Riyadh each Thursday and Saturday, The SAUDIA flight, which takes under two hours, marks the start of a new twice-weekly service. The flights return to Riyadh later the same day.

Positioned within an eight-hour flight from 85 percent of the world’s population, RSI will grow to welcome international flights from next year as additional phase one resorts open their doors.

Source: https://www.redseaglobal.com/-/media-center/ready-for-take-off-red-sea-global-celebrates-first-flight-to-new-airport

[BurningSky]

[BurningSky]

[Guest]

Saudi mountain resort Desert Rock nears opening, hits 50% construction, says Red Sea Global. Construction at Desert Rock in Saudi Arabia began in July 2021, with the first-phase to be completed by 2023, with 16 hotels.

Desert Rock, which is designed by Miami-based Oppenheim Architecture, is resort that blends into the mountain. Visitors at the upcoming resort can reach the entrance via a concealed valley that leads to many lodgings built into the rock. The resort can accommodate 60 keys in total, distributed across 50 villas and 10 hotel rooms, which are excavated from the mountain’s core.

source: https://www.arabianbusiness.com/industries/construction/saudi-mountain-resort-desert-rock-nears-opening-hits-50-construction-says-red-sea-global