The Red Sea Project to open its first phase with 16 resorts with 3000 keys by end of 2023

In a recent interview with Tracy Lanza Group Head of Global Brand Development at The Red Sea Development Company (TRSDC), shared that the development of The Red Sea Project will be in two phases, one to be completed by end of 2023 and second to be completed by 2030. She reiterated, “we’re looking forward to welcoming our first guests early next year. Following that, the first phase will be fully completed and operational by the end of 2023. It will include 16 resorts for a total of 3,000 keys, 18-hole championship golf course, luxury marina, and retail and entertainment facilities. Phase two is scheduled for completion in 2030, and will include 50 resorts with 8,000 keys, and 1,000+ residential properties across 22 islands and six inland sites.”

Commenting further that the work is on track in order to welcome guests, “We’re fortunate to be able to partner with some of the world’s most iconic hotel brands, including EDITION, St Regis, Fairmont, Raffles, SLS, Grand Hyatt, Intercontinental, Six Senses, Jumeirah, Miraval, Rosewood and Ritz Carlton Reserve. Some of these will be able to host their first guests by early next year, while others will open their doors in the months following.”

In keeping with the Vision 2030 of the Kingdom of Saudi Arabia, Lanza shared, “The project supports the Saudi vision through the development of a brand-new tourism industry that has not existed in the Kingdom before. It will open the door for thousands of young Saudis to pursue new careers and opportunities. We expect to create up to 70,000 new jobs and contribute as a much as 22 billion Saudi riyals (USD 5.3 billion) to the nation’s GDP.”