Red Sea Global
Sector: Tourism, Hospitality and Destination Development Country: Saudi Arabia
15 October, 2026
Owned by the Public Investment Fund, the company is one of the kingdom’s central vehicles for building a higher-value international tourism economy. Its portfolio includes The Red Sea and AMAALA, alongside supporting aviation, infrastructure, residential and service businesses. John Pagano serves as group chief executive.
Red Sea Global is moving decisively from development into operations as a growing portfolio of tourism assets comes online across Saudi Arabia’s Red Sea coast.
The transition is already visible. The Red Sea began welcoming guests in 2023 and had nine luxury hotels operating by late 2025. AMAALA followed in 2026, with Four Seasons Resort and Residences AMAALA at Triple Bay welcoming the destination’s first guests in June. Six Senses AMAALA subsequently opened, while Equinox Resort AMAALA and Nammos Resort AMAALA began operating in September 2026, expanding the company’s live hospitality portfolio.
Capital investment remains substantial. In October 2025, Red Sea Global secured a SAR6.5bn credit facility to support the development of AMAALA. The financing, arranged under the company’s Green Loan Framework, followed an earlier green-finance facility for The Red Sea and demonstrated the scale of funding required to build integrated tourism destinations rather than stand-alone hotels.
Sustainability is embedded in the group’s development model. Red Sea Global is targeting a 30 per cent net conservation gain across its destinations by 2040 and has invested in renewable-energy systems, marine conservation and biodiversity programmes. AMAALA is being developed around wellness, marine discovery and lifestyle experiences, with more than 1,600 hotel rooms planned across nine resorts. Red Sea Global is therefore better understood as a vertically integrated destination developer than simply a hotel company. Its next phase will be measured increasingly by operating performance: guest volumes, resort ramp-up, destination spending and the ability to turn large-scale infrastructure investment into sustained tourism and economic activity.
