As the project continues to make headlines around the world, Breaking Travel News speaks to John Pagano, chief executive of the Red Sea Development Company, about how it will impact tourism in Saudi Arabia.
The Red Sea Development Company has awarded a contract for the construction of a residential village for workers at the destination. After a competitive tender, the contract was awarded in two parts to an ARCCO-Speedhouse joint venture based in the UAE and to Saudi company Al Majal Al Arabi Group.
The Red Sea Development Company has launched a competition that challenges academics, scientists, engineers and the water industry to come up with new solutions to manage the disposal of brine as a waste product of water desalination.
The Red Sea Development Company has welcomed the entire office team to the western coast of the Red Sea for three days of exploration. The trip provided an opportunity for staff to immerse themselves in the destination, and better understand its unique characteristics, giving a rare insight into the natural beauty of the destination.
Jay Rosen, head of finance and investments for the Red Sea Development Company, tells Breaking Travel News about the huge hospitality opportunities currently on offer in Saudi Arabia. With as many as 50 hotels planned for the site in the coming decade, he tells us the giga-project represents a once-in-a-lifetime prospect for hotel investors.