The Red Sea Development Company has closed a SAR14.1 billion (US$3.8 billion) term loan and revolving credit facility with four Saudi banks.
The Red Sea Development Company has awarded the contract to design and build infrastructure at its Coastal Village to Saudi firm Contracting & Construction Enterprises.
Sara Al Marghalani, like most Saudis, never imagined that a career in hospitality would be for her. Yet being the first Saudi, either male or female, to work in the Maldives has shaped Sara into who she is today. Here we find out more
Source water is produced using solar technology that draws pure water vapor out of the air and converts it to drinking water. Water harvesting and bottling will generate zero carbon.
The company has awarded a contract to Gartner for the provision of technology procurement advisory services. The latter will provide insights and advice on licensinga and technology customisation.
Saudi crown prince, Mohammed bin Salman, has launched the Coral Bloom concept at the heart of the Red Sea Project – designed by architectural firm Foster + Partners.
The development has awarded contracts to Saudi company Al Bawani and Swiss firm Blumer Lehmann to support the work of its luxury hotels and resorts.
The Red Sea Development Company was named the Developer of the Year in recognition of the significant progress made at the new destination and the exceptional work undertaken.
The company has awarded contracts to Saudi firms Red Sea International and Facilities Management Company to provide all maintenance, security, catering, administrative and laundry services.
Roba Aljohani, a content developer at the Red Sea Development Company, tells Breaking Travel News about the exciting opportunities offered by the hospitality sector in Saudi Arabia