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.
With the first phase of the Red Sea mega-project in Saudi Arabia’s Western Region on track for completion in 2020, Breaking Travel News catches up with John Pagano, chief executive of the Red Sea Development Company, to understand more about the landmark project as they ramp up towards completion
The Red Sea Development Company and King Abdullah University of Science & Technology have developed a ground-breaking application of conservation and development planning to enhance biodiversity and conservation-priority species distributions across almost 1,300 km2 of pristine lagoon.
The Red Sea Development Company will participate in two key travel industry events hosted in Berlin this month. The company has sponsored the International Hotel Investment Forum and is set to showcase project progress and live opportunities during a presentation delivered by Jay Rosen, head of finance and investments.
His royal highness Mohammed bin Salman bin Abdulaziz Al Saud, crown prince and deputy prime minister of Saudi Arabia, and chairman of the Public Investment Fund, has announced the launch of an international tourism project called The Red Sea.