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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]
The Red Sea project, between the cities of Umluj and Al-Wajh, will develop 22 of the 90 islands, and will be powered by 100% renewable energy, says the developer.By 2030 it is expected to comprise ...
The project, which is developed by Public Investment Fund-owned Red Sea Global, forms part of the Saudi Vision 2030 program. [2] The project consists of three main developments: The Coastal Development, Amaala Island, and Triple Bay. [3] The project is under the patronage of Prince Mohammed bin Salman and is managed by the Public Investment ...
Global trade fell 1.3% from November to December, Germany’s Kiel Institute for the World Economy said Thursday, citing “consequences of the attacks on cargo ships in the Red Sea.”
Saudi Arabia has asked the United States to show restraint in responding to attacks by Yemen's Houthis against ships in the Red Sea, two sources familiar with Saudi thinking said, as Riyadh seeks ...
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. [4] [5]