The Kingdom of Saudi Arabia – a global emerging hub for tourism and business – is continually on the rise, moving at the speed of imagination. A society of rich tradition with an evolving real estate and hospitality landscape, Saudi Arabia has embarked on an ambitious transformation, where its past success is only surpassed by future ambition. The region is not only reshaping its built environment but its future national identity as well, celebrating its heritage while embracing innovation and sustainability at the core.
Red Sea Global's Holistic Vision for Luxury in The Kingdom
Developing the Kingdom’s real estate is a key objective of Vision 2030, aiming to position Saudi Arabia as a leading figure in the Middle East’s property market and hospitality industry.
Spearheading this movement is Red Sea Global – a real estate developer whose expansive portfolio extends to residential and hospitality experiences, as well as infrastructure and regenerative tourism destinations along the Saudi Red Sea coast. As one of the lead projects owned by the Public Investment Fund, Red Sea Global's contribution to GDP during its years of construction is projected to be $62 billion, according to Ben Edwards, Group Head of Cost, Commercial & Procurement at RSG.
Advancing new models for construction and tourism, Red Sea Global is rewriting the narrative of how prime real estate is being shaped across the Kingdom, with luxury, sustainability, and innovation converging to integrate projects in the Red Sea and enhance the wellbeing of consumers, communities, and the eco-system around it. This responsible approach adds value to Saudi Arabia’s luxury tourism and residential offerings, protecting the natural environment and preserving it for future generations. Red Sea Global’s master plan is forging a new development model in the Red Sea, anchored by a number of environmental studies to assess the impact of the development at this destination. The result is that 75 percent of the archipelago is preserved for conservation, with less than one percent of the total site area being developed. Combining hospitality, retail, leisure, and prime residential offerings, Red Sea Global curates a coastal destination that evokes a rich, multifaceted experience. The remaining 22 islands and 6 inland locations will be developed to offer up to 8,000 hotel rooms and over 1,000 residences.
New Developments on Saudi’s Red Sea Coast
A rare gem in the global ecosystem, the Red Sea is home to the world’s fourth-largest barrier reef system, stretching across an impressive 28,000 square kilometres. It also includes an untouched archipelago of over 90 pristine islands, beaches, vast desert dunes, and rich heritage sites. The pipeline of projects led by Red Sea Global in the area will see the developer through to 2030, with 11 resorts on Shura Island alone set to open at the end of 2025, and another two hotels scheduled to open earlier this year.
Shebara is a luxury resort on Shaybara Island located 45 minutes by boat from the mainland, featuring over-water villas in specially made pod-like steel orbs. The second hotel is Desert Rock, one of the most unique hotels that’s literally built into the side of the rocky mountain, evoking what looks like a Martian landscape. A 180-metre-long tunnel had to be drilled and blasted through the mountain in order to form the cave-unit guest bedrooms. Shura, the main hub island at the Red Sea, will also host yacht marinas, an 18-hole championship golf course, and entertainment venues.
Red Sea Global’s value proposition will stretch far beyond hospitality and tourism, with a broad residential product serving as a coveted island destination reminiscent of the Maldives. Red Sea Global resorts and branded residences will position the kingdom very firmly on the global prime real estate map, delivering world-class residences and experiences tailored to discerning end users and investors alike.
