Company Insights Red Sea Global Real Estate Red Sea Global News Giga-projects Saudi university working to improve ‘green concrete’ Saudi Arabia’s King Abdullah University of Science and Technology (Kaust) is developing direct carbon capture for buildings with the “green concrete” construction company Partanna. The Bahamas-based startup has already begun supplying a number of Saudi giga-projects with its concrete that absorbs carbon dioxide. These include housing company Roshn, tourist resort operator Red Sea Global and […] July 5, 2024 Leisure & Hospitality Eight sites to open at Amaala Red Sea resort in 2025 Saudi Arabia’s Red Sea giga-project Amaala is to open its first phase in 2025 with seven resorts and a yacht club, the company said this week. Red Sea Global – the Public Investment Fund project that owns Amaala – said the resorts to open would be Clinique La Prairie Health Resort, Jayasom Wellness Resort, Rosewood […] July 1, 2024 Tourism Saudi Red Sea resorts aim for 19m tourists by 2030 Saudi Arabia hopes to attract 19 million tourists a year to its Red Sea giga-projects and other resorts being built along the country’s west coast. Mohammed Al Nasser, CEO of the Saudi Red Sea Authority, said it intends to issue licences for up to 60 marinas over the next two years. It recently licensed six […] June 27, 2024 Video length: 07:15 Analysis Tourism Hajj pilgrims feel the pinch as costs rise The costs of Hajj are getting ever higher for pilgrims coming from around the world to perform the annual rites, which are a duty for every able-bodied Muslim to perform once in a lifetime. Even pilgrims coming from within Saudi Arabia, for whom the costs are cheaper, are paying around SAR23,500 ($6,266) for up to […] June 14, 2024 Aviation Airports consider ‘transit hotels’ for 6-hour stays Saudi Arabia’s aviation expansion could stretch to transit hotels inside airport terminals where customers can pay for stays of less than the standard 24 hours. A Hong Kong-based company is developing the concept in the Gulf, with hotels offering six and 12-hour stays already established in Jeddah and Abu Dhabi, and a Muscat hotel that […] June 9, 2024 Giga-projects Neom and Jeddah offer appeal to expat buyers Many expatriates in Saudi Arabia are interested in buying property in Neom and Jeddah Central and willing to spend over $1 million, a real estate survey showed this week. “When asked about which giga-project they would most like to buy a home to live in, Neom emerges as the clear favourite, followed by Jeddah Central […] April 2, 2024 Tourism Red Sea airport prepares for first international visitors Saudi Arabia’s Red Sea International Airport will record its first international visitors this month when a flight from Dubai arrives on April 18. Red Sea Global, the developer behind regenerative tourism destinations The Red Sea and Amaala, said the flight, operated by Flydubai, marks the start of a new twice-weekly route. Regular domestic flights operated […] April 1, 2024 Giga-projects Red Sea Global says first hotels are open Red Sea Global, one of Saudi Arabia’s main giga-projects, said this week it has opened two hotels. Ben Edwards, group head of cost, commercial and procurement, said in a conference call on March 20 that Six Senses and St. Regis hotels had opened at the Red Sea Global site south of the remote town of […] March 20, 2024 Analysis Construction Foreign expertise vital for Saudi construction Saudi Arabia’s construction industry needs more foreign involvement if achieving its Vision 2030 goals is to become a reality, according to attendees of the Big 5 conference in Riyadh. In the first half of 2023 alone $44 billion worth of new projects were awarded in the kingdom’s $140 billion construction sector, according to real estate […] February 29, 2024 Aviation PIF subsidiary to buy 120 Airbus helicopters The Helicopter Company (THC), a wholly-owned unit of the Public Investment Fund, has signed a framework agreement with European aviation giant Airbus to buy up to 120 helicopters. The helicopters of various types will be delivered over the next five to seven years. Part of the deal includes a firm order for eight H125s and […] February 29, 2024 Posts navigation Previous 1 2 3 4 … 8 Next
Giga-projects Saudi university working to improve ‘green concrete’ Saudi Arabia’s King Abdullah University of Science and Technology (Kaust) is developing direct carbon capture for buildings with the “green concrete” construction company Partanna. The Bahamas-based startup has already begun supplying a number of Saudi giga-projects with its concrete that absorbs carbon dioxide. These include housing company Roshn, tourist resort operator Red Sea Global and […] July 5, 2024
Leisure & Hospitality Eight sites to open at Amaala Red Sea resort in 2025 Saudi Arabia’s Red Sea giga-project Amaala is to open its first phase in 2025 with seven resorts and a yacht club, the company said this week. Red Sea Global – the Public Investment Fund project that owns Amaala – said the resorts to open would be Clinique La Prairie Health Resort, Jayasom Wellness Resort, Rosewood […] July 1, 2024
Tourism Saudi Red Sea resorts aim for 19m tourists by 2030 Saudi Arabia hopes to attract 19 million tourists a year to its Red Sea giga-projects and other resorts being built along the country’s west coast. Mohammed Al Nasser, CEO of the Saudi Red Sea Authority, said it intends to issue licences for up to 60 marinas over the next two years. It recently licensed six […] June 27, 2024
Video length: 07:15 Analysis Tourism Hajj pilgrims feel the pinch as costs rise The costs of Hajj are getting ever higher for pilgrims coming from around the world to perform the annual rites, which are a duty for every able-bodied Muslim to perform once in a lifetime. Even pilgrims coming from within Saudi Arabia, for whom the costs are cheaper, are paying around SAR23,500 ($6,266) for up to […] June 14, 2024
Aviation Airports consider ‘transit hotels’ for 6-hour stays Saudi Arabia’s aviation expansion could stretch to transit hotels inside airport terminals where customers can pay for stays of less than the standard 24 hours. A Hong Kong-based company is developing the concept in the Gulf, with hotels offering six and 12-hour stays already established in Jeddah and Abu Dhabi, and a Muscat hotel that […] June 9, 2024
Giga-projects Neom and Jeddah offer appeal to expat buyers Many expatriates in Saudi Arabia are interested in buying property in Neom and Jeddah Central and willing to spend over $1 million, a real estate survey showed this week. “When asked about which giga-project they would most like to buy a home to live in, Neom emerges as the clear favourite, followed by Jeddah Central […] April 2, 2024
Tourism Red Sea airport prepares for first international visitors Saudi Arabia’s Red Sea International Airport will record its first international visitors this month when a flight from Dubai arrives on April 18. Red Sea Global, the developer behind regenerative tourism destinations The Red Sea and Amaala, said the flight, operated by Flydubai, marks the start of a new twice-weekly route. Regular domestic flights operated […] April 1, 2024
Giga-projects Red Sea Global says first hotels are open Red Sea Global, one of Saudi Arabia’s main giga-projects, said this week it has opened two hotels. Ben Edwards, group head of cost, commercial and procurement, said in a conference call on March 20 that Six Senses and St. Regis hotels had opened at the Red Sea Global site south of the remote town of […] March 20, 2024
Analysis Construction Foreign expertise vital for Saudi construction Saudi Arabia’s construction industry needs more foreign involvement if achieving its Vision 2030 goals is to become a reality, according to attendees of the Big 5 conference in Riyadh. In the first half of 2023 alone $44 billion worth of new projects were awarded in the kingdom’s $140 billion construction sector, according to real estate […] February 29, 2024
Aviation PIF subsidiary to buy 120 Airbus helicopters The Helicopter Company (THC), a wholly-owned unit of the Public Investment Fund, has signed a framework agreement with European aviation giant Airbus to buy up to 120 helicopters. The helicopters of various types will be delivered over the next five to seven years. Part of the deal includes a firm order for eight H125s and […] February 29, 2024