#Red Sea Global
The first of Red Sea Residences’ developments is located on Shura Island at The Red Sea destination, with properties set to be ready for handover by the end of 2025
John Pagano tells Gulf Business how “nature and the environment”, the most valuable assets on the company’s balance sheet, differentiate RSG from other destinations
The Red Sea, envisioned to comprise 50 resorts upon full completion in 2030, represents a significant step towards realising Saudi Arabia’s Vision 2030 initiative
This venture positions Four Seasons as the latest addition to the lineup of luxury brands at Triple Bay, situated along Saudi Arabia’s stunning northwestern coastline
The financing will be used to support Red Sea Global’s joint venture with Kingdom Holding Company to develop the Four Seasons Resort
The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast
Shebara will open in the summer of 2024 and is the first resort to be owned and operated by RSG at The Red Sea destination
This collaboration between RSG and KHC coincides with substantial growth in the Kingdom’s tourism sector
The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024
Red Sea Global has been commissioned to carry out refurbishment works at Al Wajh Airport in Saudi Arabia
A delegation of Saudi ministers and leaders were the first guests of the destination
The airport, assigned the code RSI, witnessed the arrival of its first flight by Saudia Airlines.
The airport is set to open this year along with the first three resorts at The Red Sea destination
Amaala will be powered entirely by solar energy, saving the equivalent of nearly half a million tonnes of CO2 emissions every year
The agreement will help responsible development of the destinations and fulfill both their roles as cornerstones of Saudi Arabia’s Vision 2030
The Red Sea International Airport is on track to receive its first domestic flights later this year
It will be powered by 100 per cent renewable energy from over 760,000 solar panels that Red Sea Global has built to power The Red Sea destination
The partnership is expected to create more than 500 new jobs for local talent across the kingdom
The partnership will involve North Sails Apparel providing performance apparel for WAMA, RSG’s water sports brand, catering to the needs of their sailing and water sports staff
With this deal, Red Sea Global becomes the platinum sponsor of the football club’s first team
Partanna, which uses recycled ocean water brine in its carbon-negative concrete, will supply Red Sea Global with 11,000 carbon-negative pavers initially for its landscape nursery
Six Senses Amaala is set to open as part of the first phase of the Triple Bay development
The destination hopes to be the gold standard for regenerative and sustainable tourism when it opens its doors to travellers later in 2023
The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation
Upon completion in 2030, The Red Sea will comprise 50 resorts, offering up to 8,000 hotel rooms and over 1,000 residential properties across 22 islands and six inland sites