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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 .
Saudi Arabia is spending billions on transforming its Red Sea coastline with new resorts, eco retreats and diving venues, plus an international airport, expected to unlock the region to big ...
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.”
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 ...
San Francisco-based global logistics firm Flexport says historically 90% of cargo shipped from China to Europe would have moved through the Red Sea, but now 90% of that traffic is taking a detour ...
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