Tag Archives: red sea global

Rosewood Hotels & Resorts has been selected by Red Sea Global to manage Rosewood Amaala in the Red Sea Region of Saudi Arabia. An area considered to be at the center of the world’s most ambitious regenerative tourism projects, the Red Sea is situated along the country’s west coast and is home to some of the most diverse and delicate natural environments. Rosewood Amaala will be part of Red Sea Global’s Amaala destination, an integrated wellness haven.  Phase One of Amaala – focused on the Triple Bay masterplan – is well underway, with the first guests set to be welcomed in 2024. It will consist of eight resorts offering upwards of 1,200 hotel keys. Once complete, Amaala will be home to more than 3,000 hotel rooms across 25 hotels, and approximately 900 luxury residential villas, apartments, and estate homes, supporting high-end retail, fine dining, wellness and recreational facilities. Sustainability will be at the cornerstone of the property’s entire design and the larger Amaala development has set meaningful targets toward zero impact. The entire destination will be powered by 100% renewable energy and aims to have zero-carbon footprint—with plans to be both zero waste to landfill. Additionally, the endangered Hawksbill and Green Turtles have many nesting sites around the Rosewood Amaala beaches, meaning all construction and design work has been centered around ensuring the turtles are left uninterrupted. For instance, no construction will take place around the nesting areas, and the lighting strategies has been designed to ensure no bright lights shine in the area to avoid disruption. “We are deeply honored to partner with Red Sea Global on Rosewood Amaala and work together to offer a more regenerative model of …

Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has achieved commercial close on a financing agreement to support its Joint Venture (JV) with Almutlaq Real Estate Investment Co. (AREIC), a subsidiary of the Al Mutlaq Group (AMG). The SAR 1.081 billion (USD 288 million) green financing was provided by Gulf International Bank Saudi Arabia (GIB). The initial joint venture with AREIC was signed in July 2022 and valued at SAR 1.6 billion, for the development of Jumeirah The Red Sea. The resort is a 159-key luxury property situated on The Red Sea destination’s hub island, Shura. Shura Island forms part of the first phase of development, and will comprise 11 luxury, premium and lifestyle hotels and resorts, residential units, a championship golf course, 118 berth marina, and a comprehensive retail, dining, and entertainment offering. Tariq Almutlaq, Chairman of AREIC, said: “We’re delighted to achieve commercial close on our joint venture so soon after signing the agreement and it is testament to Red Sea Global’s best-in-class management team that it has been able to happen. Already progress is being made at pace to bring the destination to life and we are excited to continue helping Red Sea Global achieve its vision.” Abdulaziz Al-Helaissi, CEO of GIB, said: “Red Sea Global has made an ambitious commitment to being conservation-positive, supported by its partnership with King Abdullah University of Science and Technology. GIB is proud to enable this activity through the provision of green finance, and we look forward to seeing the positive impacts generated on sustainable development goals.”   GIB is the fifth Saudi bank to support RSG in the …

Red Sea Global (RSG), the developer behind two of the world’s most ambitious regenerative tourism projects, The Red Sea and AMAALA, has announced new partnerships with The Ocean Race (TOR) for the next two editions of the Race, and with Warner Bros. Discovery (WBD) who will amplify their stories around the world. The Ocean Race has provided the ultimate test for sailing teams since 1973. Known as ‘sailing’s greatest round-the-world challenge’, it is widely recognized as the pinnacle of achievement for sailors across the world, and has created legends of the sport throughout the years. Beyond the race itself, The Ocean Race acts as a global platform to raise awareness of the environmental challenges facing the world’s marine environment and drive positive change. Over the years, it has brought together like-minded partner organizations from across the globe with a shared vision of protecting and enhancing our oceans, seeking to mobilize policymakers and industries in host countries to take action on an international scale. “We are proud to become the Regenerative Project Partner of The Ocean Race. Sustainability sits at the very heart of our work at Red Sea Global, so The Ocean Race – and its impressive ambitions when it comes to ocean health – makes them a natural fit as a partner,” said John Pagano, Group CEO of Red Sea Global. “The sea has always been an important part of Saudi Arabia’s history and heritage – dating back to the ancient spice trade routes, and creating thriving communities along its coasts. Through this partnership, we hope to support the efforts of The Ocean Race to raise awareness of the challenges facing our oceans globally today, and protect the outstanding …