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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]
Under Article 224 of the EU VAT Directive, self-billing processes may only be used "if there is a prior agreement between the two parties and provided that a procedure exists for the acceptance of each invoice" by the supplier. [11] A Self-Billing Agreement will usually provide for the supplier not to issue their own sales invoices as well. [12]
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.”
Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with ...
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 ...
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.
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]