Tag Archives: Red Sea Project

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism projects, The Red Sea destination and AMAALA, has revealed design plans for its state-of-the-art Marine Life Institute. Created by world-class architectural design firm Foster + Partners, the institute will function as both a scientific research center and a tourist destination. It will accelerate conservation-driven research, while offering visitors truly multidimensional experiences that bridge educational exhibitions with adventure-filled excursions. “We wanted to design a first-of-its-kind facility that extends far beyond any existing marine life attraction. With 10 zones that provide everything from augmented reality experiences to night diving, and spaces for the scientific community to effectively progress their environmental projects, the Marine Life Institute is undeniably unique. Not only will it drive global green and blue innovations, it will also help put Saudi Arabia on the map for travelers seeking trips that enrich their lives,” said John Pagano, CEO of TRSDC. “The institute will live in the Triple Bay marina at AMAALA, but is the beating heart of our broader ambitions to protect and enhance the thriving Red Sea coast of Saudi Arabia. Through our expanding portfolio of projects we will share our valuable scientific discoveries with the world and enable our guests to experience the true beauty of our thriving coral reefs.” Expected to host up to 650 people at any one time, guests will be able to walk underwater, snorkel with rare species, participate in lab tours and dive the depths of the Red Sea in a submarine. A testament to TRSDC’s coral farming operations, the facility will also be home to one of the world’s largest man-made reefs, measuring an astonishing 40 meters …

The Red Sea Development Company (TRSDC) entered into a Joint Venture (JV) agreement with Almutlaq Real Estate Investment Co. (AREIC), a subsidiary of the Al Mutlaq Group (AMG). Under the agreement, valued at over SAR 1.5 billion, the two companies will develop Jumeirah The Red Sea, a 159-key luxury resort situated on The Red Sea destination’s hub island, Shura, currently under construction and expected to open in early 2024. 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. The strategic partnership marks the first Joint Venture established by TRSDC and demonstrates the private sectors confidence in the future success of the Red Sea destination and their willingness to be part of it. “We are delighted to partner with Al Mutlaq Group, a prominent global investment family group in Riyadh. The formation of a Joint Venture with their subsidiary, AREIC, demonstrates growing interest from the investment community to participate in our journey and is an encouraging reflection of their belief in not only our project but the wider tourism opportunity in the Kingdom,”said John Pagano, CEO of TRSDC. This Joint Venture investment reinforces the private sector’s alignment with our commitment to regenerative tourism and sustainable development. Our project naturally lends itself to promising business opportunities, with the ability to leverage the Kingdom’s key strategic assets, and drive economic growth and diversification as outlined by Vision 2030,” he added. “We are extremely pleased to partner with TRSDC and its best-in-class management team on this exciting and compelling project. We have been studying the …

The Red Sea Development Company (TRSDC) confirmed at the Future Hospitality Summit in Riyadh, that three new hotel management agreements have been signed with international hotel brands to operate resorts in the first phase of development at The Red Sea Project.  These include Ritz Carlton Reserve and Miraval hotels – the first to operate in the Middle East – and Rosewood, a global luxury hospitality company. This announcement demonstrates industry confidence in The Red Sea Project, with a total of 12 hospitality brands now confirmed, and signifies a growing appetite from global leaders to participate in the expansion of the Saudi Tourism market. With two brands now entering the region for the first time, I believe the future of tourism in the Kingdom is bright, said John Pagano, CEO of TRSDC. “Together with our collection of globally recognized and respected partners, we are excited to play our part in opening up this unique and undiscovered part of the world, setting new benchmarks for sustainable development along the way.” Ritz Carlton Reserve is situated at the destination’s idyllic Ummahat Islands, whilst Miraval and Rosewood are located on Shura Island, the main hub for the resort. The new collection of hospitality brands collectively feature nearly 500 hotel keys of the total 3,000 planned for Phase One. The luxury hotel companies join a stellar line-up of globally renowned brands that have already confirmed they will operate at The Red Sea Project, including: EDITION Hotels and St Regis Hotels & Resorts, part of Marriott International; Fairmont Hotel & Resorts, Raffles Hotels & Resorts and SLS Hotels & Residences, part of global hospitality group Accor; Grand Hyatt, part of Hyatt Hotels Corporation; Intercontinental Hotels & …

WSP Middle East announced the next phase of The Red Sea Project’s Multimodal Operational Readiness Plan as momentum shifts gear towards embedding new mobility solutions within the regenerative tourism destination. With a view to inspiring uptake from the world’s and the region’s top mobility operators, this phase involves expressions of interest from operators to ultimately supply and operate transportation modes across three modal packages throughout the project – in addition to one package for a Mobility Operations Manager – as it prepares to open to guests in early 2023. The latest step of The Red Sea Project’s sustainable mobility journey follows the creation of a blueprint for decarbonized future mobility to help enable sustainable, seamless journeys for guests, employees and logistics to the flagship tourism destination. As a global leader in mobility, sustainability, digital-integration, and commercial advisory, WSP Middle East’s industry-leading advisory and mobility experts are engaged in helping The Red Sea Development Company (TRSDC) identify land, sea and air transport requirements for the development and its operations, underpinned by the latest advances in green mobility. Andreas Flourou, Executive Director, Operations – Mobility at The Red Sea Development Company, said: The Red Sea is the world’s most ambitious regenerative tourism project. The destination is on track to be powered solely by 100 percent renewable solar energy, saving upwards of 500,000 tons of C02 entering the atmosphere every year. As such, we’ve set out to be equally ambitious in our mobility operations and are seeking the very best industry partners to help us in realising this vision. Our portfolio of projects on the Red Sea coast is expanding, least of all with the equally ground-breaking AMAALA, and as such, the partnership …

One of the most important projects that will position the Saudi Arabia Kingdom on the global tourism map, eventually creating 70,000 jobs, growing GDP by SAR 22 billion and attracting one million visitors per year is on track towards completing its first phase by 2022. A delegation from the Red Sea Development Company, led by chief executive John Pagano, was received by King Salman bin Abdulaziz at Araqa Palace in Riyadh recently. Underlining its economic and development goals and the project’s objective to become a global destination for luxury tourism, Pagano made a visual presentation at the palace on the master plan of the Red Sea Project. Crown Prince Mohammed bin Salman, Chairman of the company, was also present. As part of the project that is expected to create an estimated 70,000 jobs, 22 islands on the Red Sea will be developed. It will not just contribute SAR 22 billion to Saudi Arabia’s GDP, but play a major role in the Kingdom’s economic-diversification drive – a chief objective of Vision 2030 – by attracting approximately one million tourists per year. The first phase of the project, scheduled to be completed in 2022, will include an airport, marinas, residential properties, recreational facilities and up to 3,000 hotel rooms. King Salman lauded the delegates for planning a project that will propel Saudi Arabia to a prominent position on the global tourism map and create investment opportunities for the Saudi Arabian private sector – while simultaneously preserving the nation’s cultural and environmental heritage.