Red Sea Global

{{Short description|Saudi real estate development company}} {{Use dmy dates|date=April 2024}} {{Infobox company | name = Red Sea Global | logo = Red Sea Global Logo.svg | native_name = البحر الأحمر الدولية | type = Private | native_name_lang = ar | former_name = The Red Sea Development Company (TRSDC) | industry = Real estate development | founded = {{Start date and age|df=yes|2017|07|31}}<ref>{{cite web |url=https://www.pif.gov.sa/en/news-and-insights/press-releases/2017/red-sea-project/ |title=His Royal Highness the Crown Prince announces the launch of The Red Sea Project as an international tourist destination as part of the Kingdom's 2030 Vision |author= |date=2017-07-31 |website=pif.gov.sa |publisher= Public Investment Fund|access-date=2024-04-25 |quote=}}</ref> | hq_location_city = Tabuk | founder = Mohammed bin Salman | hq_location_country = Saudi Arabia | key_people = {{ubl|Mohammed Bin Salman (Chairman)<ref>{{cite web |url=https://www.redseaglobal.com/en/leadership |title=Leadership |author= |date= |website=redseaglobal.com |publisher=Red Sea Global |access-date=2024-04-25 |quote=}}</ref>|John Pagano (CEO)<ref>{{cite news |author= |date=2022-10-26 |title=Beyond Sustainability: John Pagano |url=https://www.theceomagazine.com/executive-interviews/hospitality-tourism/john-pagano/ |work=The CEO Magazine |location= |access-date=2024-04-25}}</ref>|Ahmad Darwish (CAO)}} | owner = Public Investment Fund | subsidiaries = The Red Sea Project Amaala Thuwal RSG Hospitality Fly Red Sea Red Sea Residences Botanica Red Sea Health | website = {{URL|https://www.redseaglobal.com/en/}} }}

'''Red Sea Global''' ('''RSG'''; {{Langx|ar|البحر الأحمر الدولية}}), previously '''The Red Sea Development Company''',<ref>{{cite news |author= |date=2019-09-28 |title=Red Sea Development Company awards contract to begin ground-work for staff village |url=https://www.argaam.com/en/article/articledetail/id/1317203 |work=Argaam |location= |access-date=2024-04-25}}</ref> is a real estate development company based in Tabuk, Saudi Arabia. The company was founded in July 2017 by the Saudi crown prince Mohammed bin Salman, and is owned by the Public Investment Fund.<ref>{{cite news |last=Foreman |first=Colin |date=2017-08-01 |title=Riyadh launches Red Sea project |url=https://www.meed.com/riyadh-launches-red-sea-project/ |work=Meed |location= |access-date=2024-04-25}}</ref> As one of Saudi Arabia's Vision 2030 goals, Red Sea Global aims to diversify the Saudi economy away from fossil fuels by contributing to the growth of its tourism sector.<ref>{{cite news |last=Hodgetts |first=Robb |date=2024-01-03 |title=Why Saudi Arabia's Red Sea coast could be the next big luxury tourism destination |url=https://www.cnn.com/travel/saudi-arabia-red-sea-coast/index.html |work=CNN |location= |access-date=2024-04-25}}</ref>

==History== Red Sea Global was officially launched by the Saudi Public Investment Fund on 31 July 2017 as "The Red Sea Development Company". It is one of the 5 Saudi Vision 2030 megaprojects which are Neom, Roshn, Qiddiya City, and Diriyah Company.<ref>{{cite web |url=https://www.pif.gov.sa/en/Pages/OurInvestments-GigaProjects.aspx |title=A proven track record of delivering some of the world's most renowned projects |author= |date= |website=pif.gov.sa |publisher=PIF |access-date=2024-02-01 |quote=}}</ref>

In June 2023, Red Sea Global signed a deal with Al-Ahli Football Club to become its platinum sponsor.<ref>{{cite news |author= |date=2023-06-23 |title=Red Sea Global signs sponsorship deal with Saudi Arabia's Al-Ahli Football Club |url=https://www.arabnews.com/node/2326766/sport |work=Arab News |location= |access-date=2024-05-12}}</ref>

In July 2025, Red Sea Global signed a three year sponsorship deal with South Korean esports organization T1. The terms of the agreement include the company's name on the front of T1's jerseys, and sponsoring T1's video content.<ref>{{cite web |title=Red Sea Global Strikes Landmark Three-Year Sponsorship Deal With Esports Powerhouse T1 |url=https://www.invenglobal.com/articles/19479/red-sea-global-strikes-landmark-three-year-sponsorship-deal-with-esports-powerhouse-t1 |author=Kim Hong-je|publisher=Inven Global |access-date=21 July 2025 }}</ref><ref>{{cite web |title=T1 secures partnership with tourism company Red Sea Global |url=https://esportsinsider.com/2025/07/t1-secures-partnership-with-tourism-company-red-sea-global |author=Davide Xu|publisher=Esports Insider |access-date=27 July 2025 }}</ref>

==Projects==

===The Red Sea Project=== {{Main|The Red Sea Project}} thumb|One of the 92 islands that form an archipelago at The Red Sea tourism destination on the west coast of Saudi Arabia. Built in an archipelago consisting of 92 different islands, The Red Sea Project is the largest of Red Sea Global's projects in terms of scale. The Construction of the project official began in February 2019.<ref>{{cite news |author= |date=2019-02-28 |title=Saudi Arabia begins initial phase of constructions to build The Red Sea Project |url=https://english.alarabiya.net/life-style/travel-and-tourism/2019/02/28/Saudi-Arabia-begins-initial-phase-of-constructions-to-build-The-Red-Sea-project |work=Al Arabiya |location= |access-date=2024-04-25}}</ref>

The project includes the following destinations: *Shura Island: The island is the main hub of red sea project. Shura island is home to Coral Bloom project designed by Foster and Partners.<ref>{{cite news |last=Al Amir |first=Khitam |date=2021-02-10 |title=Saudi Arabia launches 'Coral Bloom', part of Red Sea Project |url=https://gulfnews.com/world/gulf/saudi/saudi-arabia-launches-coral-bloom-part-of-red-sea-project-1.1612987329842 |work=Gulf News |location= |access-date=2024-04-25}}</ref> *Ummahat Islands: Ummahat is home to both St. Regis Red Sea Resort and Nujuma by The Ritz-Carlton.<ref>{{cite news |author= |date=2024-01-11 |title=The St. Regis Red Sea Resort opens |url=https://hoteldesigns.net/2024/the-st-regis-red-sea-resort-opens/ |work=Hotel Designs |location= |access-date=2024-04-25}}</ref><ref>{{cite news |author= |date=2024-03-21 |title=Nujuma, a Ritz-Carlton Reserve is taking bookings for stays in May |url=https://www.factmagazines.com/saudi-arabia/red-sea/hotels-red-sea/unforgettable-experiences-await-at-red-seas-paradisiacal-nujuma |work=Fact Magazines |location= |access-date=2024-04-25}}</ref> *Sheybarah Island: The island is home to Shebara Resort, which features reflective overwater orb villas designed by Killa Design. The 150-ton villas were transported and installed by Mammoet.<ref>{{cite news |author= |date= |title=RED SEA PROJECT UNVEILS PROGRESS ON SHEYBARAH ISLAND |url=https://www.designboom.com/architecture/red-sea-killa-design-overwater-villas-saudi-arabia-sheybarah-island-08-06-2023/ |work=Design Boom |location= |access-date=2024-04-25}}</ref> *Southern Dunes: A luxury inland resort by Six Senses, 100km northeast of the town of Umluj.<ref>{{cite news |last=Gillett |first=Katy |date=2024-02-13 |title=Six Senses Southern Dunes offers serenity in Saudi Arabia's Red Sea - Hotel Insider |url=https://www.thenationalnews.com/travel/2024/02/13/six-senses-southern-dunes-hotel-review/ |work=The National News |location= |access-date=2024-04-25}}</ref> *Desert Rock: A luxury inland resort of villas and hotel rooms carved into granite mountains. The destination is designed by Oppenheim Architecture.<ref>{{cite news |author= |date= |title=RED SEA SHARES DESERT ROCK CONSTRUCTION PROGRESS |url=https://www.designboom.com/architecture/red-sea-advancements-oppenheim-architecture-desert-rock-resort-saudi-arabia-08-09-2023/ |work=Design Boom |location= |access-date=2024-04-25}}</ref> * Laheq Island: a 400-hectare private residential island.<ref>{{cite web |author= |date=2025-04-17 |title=Red Sea Global unveils Laheq Island, a landmark luxury-living destination |url=https://www.arabnews.com/node/2597387/saudi-arabia |website=arabnews.com |location= |publisher=Arab News |access-date=2025-04-19}}</ref> The island was designed by Foster and Partners and is expected to be open in 2028.<ref>{{cite web |author= |date= |title=Laheq Island: Red Sea Global unveils new Saudi Arabia residential community set to open in 2028 |url=https://www.arabianbusiness.com/industries/real-estate/laheq-island-red-sea-global-unveils-new-saudi-arabia-residential-community-set-to-open-in-2028 |website=arabianbusiness.com |location= |publisher=Arabian Business |access-date=2025-04-19}}</ref>

The Red Sea project is accessed by the Red Sea International Airport. The airport began operations in September 2023 with an inaugural flight from King Khalid International Airport, Riyadh, via Saudia.<ref>{{cite news |last=Gillett |first=Katy |date=2023-09-25 |title=Travel Unpacked: Red Sea International opens and the UAE's first direct flight to Penang |url=https://www.thenationalnews.com/travel/2023/09/25/travel-unpacked-red-sea-international-opens-and-the-uaes-first-direct-flight-to-penang/ |work=The National News |location= |access-date=2024-04-25}}</ref> In April 2024, the airport received its first international flight from Dubai International Airport via flydubai.<ref>{{cite news |last=Turner |first=Kathleen |date=2024-03-31 |title=Red Sea International Welcomes Overseas Flights Serving New Resorts |url=https://www.forbes.com/sites/katturner/2024/03/30/red-sea-international-welcomes--overseas-flights-serving-new-resorts/?sh=295936e05fd6 |work=Forbes |location= |access-date=2024-04-25}}</ref>

===Amaala=== {{Main|Amaala}} Announced in September 2018, Amaala is a tourist destination that covers an area of 3,800 km2.<ref>{{cite news |last=Foreman |first=Colin |date=2018-09-30 |title=Saudi Arabia announces another Red Sea project |url=https://www.meed.com/saudi-arabia-announces-another-red-sea-project/ |work=Meed |location= |access-date=2024-04-25}}</ref>

Amaala includes 3 main regions:<ref>{{cite news |author= |date=2018-11-20 |title=Saudi Arabia's King Salman announces nearly $3 billion in development projects |url=https://www.thenationalnews.com/business/economy/saudi-arabia-s-king-salman-announces-nearly-3-billion-in-development-projects-1.794022 |work=The National News |location= |access-date=2024-04-24}}</ref> *Triple Bay: A wellness hub that includes various activities including yachting, golfing, and falconry. Triple Bay will also include marine life institute research and education centre. *The Island *The Coastal Development

Amaala will be accessible via a dedicated airport.<ref>{{cite news |last=Street |first=Francesca |date=2020-07-03 |title=New Saudi Arabia airport design resembles shimmering desert mirage |url=https://edition.cnn.com/travel/article/amaala-airport-mirage-design/index.html |work=CNN |location= |access-date=2024-04-25}}</ref>

===Thuwal=== Announced in October 2023, Thuwal is a buy-out-only private island. Thuwal covers an area of 17,000 m2.<ref>{{cite news |last=Mitchell |first=Bea |date=2023-10-25 |title=Red Sea Global unveils new private island destination, Thuwal |url=https://blooloop.com/sustainability/news/red-sea-global-thuwal-private-retreat/ |work=blooloop |location= |access-date=2024-04-25}}</ref>

==Promotion== In March 2024, famous football player Cristiano Ronaldo, which at the time was a player for the Saudi team Al Nassr, visited the Red Sea destination. Ronaldo promoted the destination on his Instagram account, which at the time had more the 600 million followers. <ref>{{cite news |last=Corder |first=Josh |date=2024-03-20 |title=Cristiano Ronaldo Visits Saudi Arabia's The Red Sea |url=https://skift.com/2024/03/20/ronaldo-visits-saudis-most-expensive-hotel-to-put-country-on-global-tourism-map/ |work=Skift |location= |access-date=2024-04-25}}</ref>

In April 2024, Red Sea Global announced a collaboration with Warner Bros. Discovery to produce a documentary titled "Beneath the Surface: The Fight for Corals".<ref>{{cite news |last=Coates |first=Charlotte |date=2024-04-17 |title=Red Sea Global collaborates with Warner Bros. Discovery on coral documentary |url=https://blooloop.com/sustainability/news/red-sea-global-warner-bros-documentary-coral/ |work=blooloop |location= |access-date=2024-04-25}}</ref>

==See also== {{Portal|Saudi Arabia}} * List of Saudi Vision 2030 Projects * Saudi Red Sea Authority * Saudi Vision 2030 * Public Investment Fund

==References== {{Reflist}}

==External links== [https://www.visitredsea.com/en/ Visit Red Sea]

[https://www.amaala.com/en/ Amaala]

[https://www.thuwalretreat.sa/en/ Thuwal Private Retreat]

Category:Business organisations based in Saudi Arabia Category:Public Investment Fund Category:Tabuk, Saudi Arabia