Six years in the making, the first phase of Saudi Arabia’s mega Red Sea project is months away from opening. But, with three ultra-luxurious hotels soon slated to open, the company’s CEO behind the mega tourism project says he believes every hotel room will “sell out” this year as Saudis and international visitors flock to the sustainable luxury destination.
In 2017, Saudi Crown Prince Mohammad bin Salman unveiled plans for three giga-projects – one of which was the Red Sea Project, a vast 28,000 square-kilometer tourism destination along the Kingdom’s west coast.
Fast track to 2023. The first hotels – the St. Regis Red Sea Resort, Nujuma Ritz Carlton Reserve, and Six Senses Southern Dunes – have been built, the destination’s dedicated airport is ready to launch its inaugural flight, and the Kingdom is undergoing a mass recruitment, and training drive to fill the thousands of jobs at the multibillion-dollar project.
Red Sea Global is a closed joint-stock company wholly owned by the Saudi Public Investment Fund (PIF). It is a cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify its economy by sustainably developing the Red Sea region.
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