Red Sea Development Company, one of the most ambitious tourism projects, has announced the allocation of over 10 billion riyals for the establishment, operation and management of the assets to be developed in the first phase of the Red Sea project, confirming that it is in the process of negotiating with a number of major brands in the sector Luxury tourism that is expected to participate in the development of this destination.
Red Sea Development Company has received the approval of its board of directors on the Red Sea Project, one of the most ambitious tourism projects in the world. The project outline, co-developed by WATG and Buro Happold, has been designed by a group of leading engineering consulting firms in the world.
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al Yamama Palace in Riyadh in the presence of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense and Prime Minister. John Paganu, CEO of Red Sea Development.