Red Sea Global (RSG) and Hyundai Motor Group (the Group) have agreed to collaborate on deploying eco-friendly mobility solutions in RSG’s luxury resorts in Saudi Arabia while exploring opportunities to implement innovative future mobility solutions. Under the MoU, RSG and the Group will jointly explore potential opportunities in various fields. In the short term, both parties will focus on validating and deploying the Group’s eco-friendly mobility solutions, such as battery electric and hydrogen fuel cell vehicles. In the mid to long term, they will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility (AAM) and maritime vessels. “Hyundai Motor Company is a world leader in sustainable and luxury mobility. By working together and integrating its cutting-edge technology and eco-friendly mobility solutions into our destinations, we have the opportunity to set new benchmarks in carbon-neutral operations while exceeding our guests’ expectations for style, comfort, and environmental responsibility,” said John Pagano, Group CEO of RSG. RSG and The Group signed a Memorandum of Understanding (MoU), with John Pagano, Group CEO of Red Sea Global, and Dongkun Lee, Head of the Future Growth Strategy Sub-Division at Hyundai Motor Group, attending the ceremony at Red Sea Global Headquarters in Riyadh. Dongkun Lee, Head of the Future Growth Strategy Sub-Division at Hyundai Motor Group, said: “This partnership signifies our shared commitment to a sustainable and innovative mobility future for humanity. We will accelerate the validations and explore more long-term goals to build a greener and smarter ecosystem in the region.” The Group’s comprehensive eco-friendly business portfolio, ranging from individual mobility solutions to extensive charging infrastructure, provides a wide range of opportunities. Based on this, the partnership is expected to boost the Kingdom’s Vision 2030 …
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