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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]
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]
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.
Despite being classified as an Atlantic island, Barbados is considered to be a part of the Caribbean, where it is ranked as a leading tourist destination. Forty percent of the tourists come from the UK, with the US and Canada making up the next large groups of visitors to the island.
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The Combined Task Force 153 or CTF 153: Red Sea Maritime Security is a United States Navy-led initiative established on 17 April 2022 to "focus on international maritime security and capacity building efforts in the Red Sea, Bab al-Mandeb and Gulf of Aden." [1] Egypt is a partner with the US in this effort. [2]
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]