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Red Sea Global (RSG; Arabic: البحر الأحمر الدولية), previously known as The Red Sea Development Company, [4] 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 . [ 5 ]
The Red Sea Project (Arabic: مشروع البحر الأحمر), simply referred to as The Red Sea (Arabic: البحر الأحمر), is a tourism megaproject under construction in the Red Sea coast of Saudi Arabia. The project, which is developed by Public Investment Fund-owned Red Sea Global, forms part of the Saudi Vision 2030 program. [2]
On 21 September 2023, Saudia launched the first regular service between King Khalid International Airport in Riyadh and Red Sea International, operating twice weekly on Thursdays and Saturdays. [6] On 18 April 2024, Red Sea International Airport welcomed its first international flight from Dubai International Airport via flydubai. [7]
Corporate office for the Red Sea Trading Corporation in downtown Asmara, Eritrea. The Red Sea Trading Corporation (commonly known as 09) is the commercial entity created to enact the People's Front for Democracy and Justice's socially responsible development program. [1] The company was founded with $20,000 in 1984.
Jeddah Islamic Port is a Saudi Arabian port, located in Jeddah on the Red Sea, at the middle of an international shipping route between the east and west via the Suez Canal. It is the second-largest and second-busiest port in the Arab world (after the Port of Jebel Ali in Dubai , UAE ).
Dubai-based port operator DP World reported Thursday its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen's Houthi rebels over the Israel-Hamas war that have ...
Attacks by Iran-backed militants in the Red Sea have effectively closed one of the world’s main ... Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H ...
In 2020, ACWA Power was awarded the contract for the world’s largest renewable off-grid utilities system at Saudi Arabia’s tourism megaproject The Red Sea Project. [69] The project will feature a battery energy storage system (BESS) with a capacity of more than 1GWh in order to provide a 24-hour supply of energy. [70]