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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 ]
Company name Headquarters Total TEU Ships Market share Notes Alliance 1 Mediterranean Shipping Company (MSC) Switzerland: 5,705,424 801 19.9% [Note 1] 2M(until February 2025) Independent (from March 2025) 2 Maersk Denmark: 4,193,392 685 14.6% [Note 2] 2M (until February 2025) Gemini (from March 2025) 3 CMA CGM France: 3,635,418 634 12.7% [Note 3]
Corporate office for the Red Sea Trading Corporation in downtown Asmara, Eritrea. The Red Sea Trading Corporation (commonly known as 09) is the commercial entity created to enact the People's Front for Democracy and Justice's socially responsible development program. [1] The company was founded with $20,000 in 1984.
Dubai-based port operator DP World reported Thursday its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen's Houthi rebels over the Israel-Hamas war that have ...
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]
Attacks by Iran-backed militants in the Red Sea have effectively closed one of the world’s main trade routes to most container ships — vessels that carry everything from car parts to Crocs ...
The fourth edition of the Red Sea Souk, the market arm of the Red Sea Film Foundation, came to a wrap on Wednesday afternoon after five days of activities nested within the dates of the Red Sea ...
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]