RED SEA GLOBAL
Real estate development company Red Sea Global is welcoming electric vehicles in Saudi Arabia with solar energy , hydrogen and electric transport
RED SEA GLOBAL
Real estate development company Red Sea Global is welcoming electric vehicles in Saudi Arabia with solar energy , hydrogen and electric transport
Red Sea Global ( RSG ) is quickly becoming one of the largest integrated development companies in the Middle East – and it aims to become the largest in the world . The real estate development giant is developing several destinations on the west coast of Saudi Arabia , amid turtles and mangroves .
By 2030 , when The Red Sea destination reaches completion , it will be home to 50 hotels across island and inland sites . The destination will also include luxury marinas , golf courses , entertainment , F & B and leisure facilities .
Only 22 of the more than 90 islands at The Red Sea destination are being developed , with nine islands designated as conservation areas . Development is limited to accommodate no more than 1 million visitors a year . The building ’ s development side of things touches 1 % of the entire area , so Red Sea Global is focused on its ethos of sustainability and environmentalism .
Red Sea Global is a cornerstone of Vision 2030 , which has several pillars . One of them is a diversification of Saudi Arabia ’ s GDP , moving away from traditional reliance on oil-centric industries . Tourism is firmly on that map and is one of the main drivers creating jobs for Saudis and developing talented young people into future leaders .
54 [ May 2024 ] EVMAGAZINE . COM