Red Sea Global
Red Sea Global is among the developers involved in delivering the tourism strand of Vision 2030, Saudi’s Arabia’s plan to diversify its economy – economically, socially and culturally. RSG is owned by the Saudi Arabian Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, which has estimated assets of US$776bn.
RSG is responsible for developing two giant projects – so-called ‘giga projects’: The Red Sea destination and the Amaala destination. Its portfolio also includes a third destination, Thuwal Private Retreat, an own-brand resort Shebara, and the refurbishment of Al Wajh Airport.