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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 on 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]
Saudi Red Sea Authority (SRSA) was established by a Council of Ministers’ decision November 30, 2021, [3] as an enabler and regulator of marine and navigational tourism activities within the geographical scope of Saudi Arabia's Red Sea.
The Red Sea serves an important role in the global economy, with cargo vessels traveling between the Indian Ocean and the Mediterranean Sea every year, thus shortening the path between Asia and Europe almost by half (as compared to traveling around Africa via the Atlantic Ocean). [53] 12% of global trade passes through the Red Sea. [54]
The Barbados Advocate: Consumer services Publishing Bridgetown: 1895 Newspaper P A The Daily Nation: Consumer services Publishing Bridgetown: 1973 Newspaper, part of ONE Caribbean Media (Trinidad and Tobago) P A Trans Island Air 2000: Consumer services Airlines Christ Church: 1982 Airline, defunct 2004 P D Voice of Barbados: Consumer services
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In 2016, vehicle attacks internationally represented more than half of all terrorism-related deaths that year, according to one researcher's analysis of the open-source Global Terrorism Database
The operation aims to ensure both the freedom of navigation and the safety of maritime traffic in the Red Sea, Bab al-Mandeb and Gulf of Aden. [1] Following the start of the 2023 Israel–Hamas war, multiple civilian container and freight ships were attacked and hijacked in the Gulf of Aden by Houthi forces. [28]