New Lavish Four Seasons Hotel Will Be Built on Saudi’s Shura Island
The USD 522 million development will welcome visitors as early as 2025.
Red Sea Global has successfully secured a USD 522 million financing arrangement to facilitate the development of the Four Seasons Hotel on Shura Island in Saudi Arabia.
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The upscale property, comprising 159 hotel units, is anticipated to welcome guests in early 2025. John Pagano, CEO of RSG, commented in a statement, “The Kingdom’s tourism potential is truly limitless and with our first two hotels now open, we are at the vanguard of putting Saudi Arabia on the global tourism map.”
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This initiative constitutes a crucial component of the inaugural phase of the Red Sea project, designed to unveil a diverse array of luxury resorts, residential units, and a championship golf course. Additionally, it will feature a marina capable of accommodating 118 yachts, along with a variety of retail, dining, and entertainment options.
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Scheduled for full completion by 2030, Shura Islands is poised to greet its initial guests in 2025. The development is anticipated to include 50 resorts providing around 8,000 hotel rooms, over 1,000 residential units spread across 22 islands, and six inland sites.
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