10 billion riyals for the operation of the first phase of the Red Sea project

10 billion riyals for the operation of the first phase of the Red Sea project

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.

Read more10 billion riyals for the operation of the first phase of the Red Sea project

King Salman briefed on the Red Sea project

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.

Read moreKing Salman briefed on the Red Sea project