Red Sea Global to Invest USD 27 Billion More for Tourism Expansion
Since its inception, the Red Sea project has already spent USD 27 billion to complete over a third of its planned developments.
Red Sea Global (RSG) is set to invest an additional USD 27 billion by 2030 to continue building the Red Sea and Amaala projects, establishing them as regenerative tourism hubs designed to attract luxury travellers from around the world.
Since its inception, the Red Sea project has already spent USD 27 billion to complete over a third of its planned developments, including 24 resorts which are expected to be fully operational by the end of 2025.
The new funding, a mix of equity and debt, will expand RSG’s impact in the region, adding more resorts along the Red Sea coast and in the mountainous areas near Yemen. The project also highlights Saudi Arabia’s push for eco-friendly luxury tourism, utilising the unique archipelago of islands and untouched coastline.
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