Amaala and The Red Sea Project are key components to delivering on Saudi Arabia’s luxury tourism ambition in line with Vision 2030
Red Sea Project
Red Sea
Saudi Arabia sets up new authority to develop ‘Red Sea economy’
Minister of Tourism to chair the Saudi Red Sea Authority which aims to deliver a ‘seamless tourist experience’ through regulation of marine tourism activities
Red Sea Development Company
Investors showing ‘strong interest’ in Saudi giga-project
Phase one of Red Sea Development involves the construction of 16 hotels and 3,000 keys
Amaala
Saudi Arabia tipped to become top MENA entertainment market by 2025
Survey shows 73% of industry players plan to launch a presence in the kingdom within the next two years
Red Sea Project
Saudi’s Red Sea Development tourism project secures $3.76 billion loan
Under the kingdom’s ambitious Vision 2030 plan that seeks to diversify the country’s economy away from oil, tourism plays a key role in achieving that goal
Green loan
Saudi Red Sea tourism plan set to clinch $3.7 billion green loan
The deal to help fund the first phase of the development will be a so-called green loan, with the proceeds used to finance environmentally sustainable investment
John Pagano
Red Sea Project developer awards contract for eco-friendly Coastal Village
Coastal Village will be home to around 14,000 people who will eventually work at the mega tourism destination
Averda
How Saudi giga project is aiming for ‘zero waste to landfill’ as construction steps up
A waste management facility opens to ensure no construction materials used in Saudi Arabia’s The Red Sea Project goes to landfill
John Pagano
Contracts awarded to build hotels on Saudi’s Red Sea Project
John Pagano, CEO of The Red Sea Development Company, hails construction milestone at tourism mega project
Amaala
Red Sea Project CEO takes on Saudi’s Amaala mega project in new dual role
John Pagano takes helm of ultra-luxury project on Saudi Arabia’s north western coast as it goes into next phase of construction
Daa International
Daa International inks deal to manage airport at Saudi’s Red Sea Project
In line with the giga project’s focus on sustainability, the airport will incorporate several green elements
Fenwick Elliott
Video: The opportunities and challenges of Saudi Arabia’s Vision 2030
The Legal Table KSA webinar with Fenwick Elliott and Hammad Al-Mehdar, we discuss how Saudi Arabia’s Vision 2030 agenda is driving opportunities for its broad range of gigaprojects including The Red Sea Development Company, Qiddiya, and NEOM.
Fesco
Video: Russia is increasing its presence in the Middle East – RDIF
Kirill Dmitriev, chief executive officer at Russian Direct Investment Fund speaking the sidelines of the Future Investment Initiative in Riyadh
John Pagano
Work starts on Coastal Village part of Saudi mega tourism project
Red Sea Development Company starts construction work on residential and commercial area that will house workers, staff and management of The Red Sea Project
GCC construction
Video: CEO John Pagano updates on The Red Sea Project progress
The Red Sea Project is one of Saudi Arabia’s most high profile giga-projects to have been announced over the past two years.
Atkins
UK’s Atkins looks to double Riyadh workforce by end-2019
Construction consultancy Atkins says mega projects in Saudi Arabia are driving growth in business
InterContinental Hotel Group
Saudi Arabia’s Red Sea ‘equivalent to Maldives’ says IHG boss
Group in talks to open hotel in Red Sea project set for first phase completion by 2022, said Pascal Gauvin