Red Sea Global Delivering on Saudi Vision 2030
Red Sea Global (RSG) 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.
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