The Red Sea project: An ultra-luxurious and sustainable touristic destination, planned to be accessible by 80 percent of the world’s population in less than 8 hours, is now one step closer to launching off the coasts of Saudi Arabia and inside the Red Sea.
On Tuesday, the developer behind the project, the Red Sea Development Company (TRSDC), received the board of directors’ approval for the project’s master plan, meaning that construction of the project’s first phase can start soon.
According to the projects website, the first phase of the project is scheduled for completion in 2022, and will include 12 luxury hotels with 3,000 rooms across five islands, along with two inland hotels.
In addition, Phase One will also have yacht marinas, and will be equipped with leisure and lifestyle facilities, as well as an airport serving the destination.
Meanwhile, John Pagano, the CEO of TRSDC, confirmed that post approving the master plan, the company is working on finding investors and partners who are interested in working with them through realizing the objectives of the project, and who share their “commitment to enhance, not exploit, the natural ecosystems that make the destination so unique”.
Since announcing the concept in 2017 as part of Vision 2030, the Red Sea project has advertised and stressed on the importance of abiding by environmental standards during the building process, in able to eventually provide an immersive conservation experience, while preserving 75 percent of the natural islands’ ecological value.
“The design concepts that we have presented to the Board will provide visitors with a uniquely diverse, immersive experience while setting new standards in sustainable development, and positioning Saudi Arabia on the global tourism map,” Pagano added.
Once fully completed in 2030, the project is expected to generate some 70,000 news jobs, while also contributing as much as $5.3 billion to the kingdom’s GDP.
The Red Sea project will be situated on the west coast of Saudi Arabia, between the cities of Umluj and Al Wajh, in a pristine area measuring 28,000 kilometers squared, that includes more than 50 untouched islands, volcanoes, mountains and natural landscapes.