The first phase of the project is set to open by the end of 2022
The nine hotels are part of the 16 properties currently under development in the first phase of the project
Work on the 60-key property began in July 2021
According to the agreement with ACWA Power, Neutral Fuels biofuel is set to power the site’s entire transportation network
Upon completion in 2030, the Red Sea project will comprise 50 resorts, offering up to 8,000 hotel rooms
The project is expected to add over $5.86bn to the kingdom’s GDP when complete