Red Sea Global

5th Floor, MU04 Tower, ITCC Complex, AlRaidah Digital City, Al Nakhil District 3807, Riyadh 12382-6726, Saudi Arabia

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About Red Sea Global

Summary

Red Sea Global (RSG), formerly known as The Red Sea Development Company, is a real estate development firm based in Tabuk, Saudi Arabia. Founded in July 2017 by Saudi Crown Prince Mohammed bin Salman, RSG is owned by the Public Investment Fund (PIF) and is a key player in Saudi Arabia’s Vision 2030 initiative, aimed at diversifying the economy through the growth of tourism.

RSG’s flagship project, The Red Sea Project, is a massive tourism development spread across 92 islands on Saudi Arabia’s western coast. Launched in February 2019, it includes luxury resorts such as Shura Island’s Coral Bloom and Sheybarah Island’s Shebara Resort. Other developments under RSG include Desert Rock and Southern Dunes, offering unique inland resorts, and the Laheq Island, a private residential area.

In addition to The Red Sea Project, RSG is developing Amaala, a luxury destination spanning 3,800 km², set to welcome guests in 2025. Amaala will feature wellness hubs, marine research centres, and upscale resorts. Another project, Thuwal, is a private island, launched in 2024, catering to exclusive buyers.

RSG also focuses on infrastructure, such as upgrading Al Wajh Airport and building a new international terminal. Notably, the company has been recognised for its commitment to sustainability, being named one of the Top 40 Most Sustainable Companies in MENA for 2025.

RSG continues to forge partnerships, including a sponsorship deal with Al-Ahli Football Club in 2023 and a collaboration with Warner Bros. Discovery for a documentary on coral preservation.

History

Red Sea Global (RSG) was officially launched on 31 July 2017 by the Saudi Public Investment Fund (PIF) under the name “The Red Sea Development Company.” The company is part of Saudi Arabia’s Vision 2030 initiative, aiming to diversify the nation’s economy by growing its tourism sector and reducing dependency on fossil fuels. RSG is one of the five major megaprojects under Vision 2030, alongside Neom, Roshn, Qiddiya, and Diriyah Company.

The primary focus of RSG’s initial efforts was the development of The Red Sea Project, a vast tourism and real estate project situated along Saudi Arabia’s western coast. Construction on this project officially began in February 2019. The project is built on an archipelago of 92 islands and includes a range of luxury resorts and tourism destinations, with notable developments such as Shura Island, Sheybarah Island, Southern Dunes, and Desert Rock. The Red Sea Project is set to become a major hub for regenerative tourism in the region.

In June 2023, RSG expanded its visibility in the sports sector by signing a platinum sponsorship deal with Al-Ahli Football Club, one of Saudi Arabia’s top football teams. This was followed by a significant collaboration in July 2025, where RSG entered into a three-year sponsorship agreement with South Korean esports organisation T1, marking its foray into the esports industry.

RSG also announced the Amaala project in September 2018, a luxury tourism destination spanning 3,800 km². Amaala will feature wellness hubs, luxury resorts, and marine research centres. Construction is scheduled to be completed by 2025, with the first guests expected by that time.

In addition to its tourism projects, RSG has been entrusted with infrastructure projects such as the renovation of Al Wajh Airport. This includes refurbishing the existing terminal and constructing a new international terminal to enhance connectivity for the growing tourism sector.

RSG has received multiple recognitions for its efforts. In June 2025, it was named one of the Top 40 Most Sustainable Companies in the MENA region by Sustain Labs Paris, CSO Network, and Posterity Institute, acknowledging its commitment to sustainability and responsible business practices.

Portfolio

Red Sea Global (RSG) is a real estate development company wholly owned by Saudi Arabia’s Public Investment Fund (PIF). It is dedicated to developing sustainable luxury tourism destinations along Saudi Arabia’s Red Sea coast, forming a key part of the Kingdom’s Vision 2030 initiative to diversify the economy and reduce reliance on fossil fuels. RSG’s portfolio includes several significant projects in the tourism, residential, and infrastructure sectors, aimed at transforming the region into a global tourism hub.

One of RSG’s most prominent projects is The Red Sea Project, which spans over 28,000 square kilometres and includes 92 islands, six inland resorts, and a vast marine ecosystem. The project is designed to preserve 75% of its natural environment and aims to attract one million visitors annually by 2030. Key destinations within The Red Sea Project include Shura Island, which will feature luxury resorts, marinas, and a championship golf course; Sheybarah Island, home to the Shebara Resort with its overwater reflective villas; Desert Rock, a resort carved into granite mountains offering an inland luxury experience; and Southern Dunes, a wellness resort by Six Senses located in the desert. Laheq Island, a 400-hectare private residential island, is also part of the project and is expected to open in 2028. The Red Sea Project is accessible via the Red Sea International Airport, which started operations in 2023, providing a vital link for international visitors.

AMAALA is another major development in RSG’s portfolio, spanning 3,800 square kilometres along the Red Sea coast. Focused on wellness and art, AMAALA will feature 25 hotels, 3,000 rooms, and various luxury amenities. Key areas within AMAALA include Triple Bay, a wellness hub offering activities such as yachting and golfing; The Island, a private island for exclusive stays; and The Coastal Development, a beachfront area featuring luxury resorts. AMAALA is set to open in 2025 and will be powered entirely by renewable energy, aligning with RSG’s commitment to sustainability.

Thuwal is a private retreat and the first of RSG’s developments to be fully bought out. Covering 17,000 square metres, the island offers a highly exclusive and personalised luxury experience within a pristine coral archipelago. Thuwal opened in 2024 and caters to those seeking an ultra-private, high-end retreat.

In addition to its core projects, RSG is involved in several infrastructure initiatives, including the renovation of Al Wajh Airport. This project focuses on upgrading the existing terminal and constructing a new international terminal, further enhancing connectivity for the region’s growing tourism sector. RSG operates several subsidiaries, such as Red Sea Hospitality, Fly Red Sea, and Red Sea Health, which manage hospitality, transportation, and residential services across its developments.

Red Sea Global has also been recognised for its sustainability efforts, being named one of the Top 40 Most Sustainable Companies in the MENA region for 2025. Its developments, such as The Red Sea Project and AMAALA, are designed to promote environmental conservation while contributing to the economic growth of Saudi Arabia, in line with Vision 2030. Through these projects and its commitment to responsible development, RSG is positioned to play a key role in shaping the future of Saudi Arabia’s tourism and infrastructure sectors.

Leadership Team

HH Prince Badr Al-Saud | Minister of Culture
H.E. Dr. Majid Al-Qassabi | Minister of Commerce
H.E. Mr. Ahmed Al-Khateeb | Minister of Tourism
H.E. Eng. Abdulrahman Al-Fadley | Minister of Environment, Water and Agriculture
H.E. Mr. Majed Al-Hogail | Minister of Municipalities and Housing
H.E. Mr. Yasir Al-Rumayyan | Governor of the Public Investment Fund
H.E. Dr. Fahad Toonsi | Secretary General of the Board, Adviser at Saudi Royal Court
Aiman M. Al-Mudaifer | NEOM CEO
John Pagano | Group Chief Executive Officer

References

Red Sea Global – Official site | Red Sea Global
Red Sea Global | Wikipedia
Red Sea Global | Sustainable Luxury Tourism | Public Investment Fund
Red Sea Global | Saudipedia
Everything you need to know about Red Sea Global, updated | Construction Week Online
Red Sea Global – 2025 Company Profile | Tracxn
Red Sea Global (RSG) | Hospitality Net
Red Sea Global | Elite Traveler
Red Sea Global | ArchDaily

5th Floor, MU04 Tower, ITCC Complex, AlRaidah Digital City, Al Nakhil District 3807, Riyadh 12382-6726, Saudi Arabia

Website https://www.redseaglobal.com/en/

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