Company Insights Red Sea Global Real Estate Red Sea Global News Leisure & Hospitality Kingdom Holding, Red Sea Global set up JV to develop $533m resort Saudi-listed Kingdom Holding Company said that it has incorporated a new joint venture with Public Investment Fund-backed Red Sea Global Company to develop a tourist resort in the kingdom. East Shoura III Real Estate Company is the new venture between Kingdom Holding’s wholly-owned subsidiary, Sea Front Company, and RSG’s Red Sea Investment Co. II subsidiary. […] December 25, 2023 Sustainability Saudi developer vows to protect Red Sea corals Red Sea Global (RSG), the developer of the Red Sea and Amaala mega tourism projects, has announced its “coral commitment” to protect and regenerate corals in the Red Sea. The multi-layered programme was revealed at a side event during the Cop28 climate conference in Dubai. “The Red Sea has some of the most stunning and […] December 13, 2023 Analysis Giga-projects Big 5 builders seek answers to Saudi’s $1.5trn question Saudi Arabia’s mammoth pipeline of giga-projects was the focus of the Big 5 Global conference in Dubai this week, as the region’s main construction players discussed how to juggle fast-approaching 2030 deadlines with the kingdom’s push for sustainable development. Saudi Arabia has signed off on $78 billion of construction projects so far this year, up […] December 7, 2023 Agriculture RedSea to dig further into Egypt’s agricultural market RedSea, an agtech business based in Saudi Arabia, is prioritising Egypt to transform the North African nation’s agricultural industry. The company has also announced the appointment of Bruno De Oliveira as vice president of Egypt and East Africa as a result of increasing customer demand for its products. RedSea has already installed heat-blocking roofing materials […] November 30, 2023 Finance Kingdom Holding ups stake in Citigroup with Alwaleed deal Kingdom Holding Company has increased its investment in Citigroup after buying a $450 million stake from its Saudi Arabian billionaire chairman, Prince Alwaleed Bin Talal. The deal has raised Kingdom’s stake to 2.2 percent from 1.63 percent, according to a filing on the Saudi Stock Exchange on Wednesday. The company did not disclose any further […] November 29, 2023 Opinion Sustainability Saudi Arabia can make the case for change at Cop28 The kingdom is making steps to protect its young population November 21, 2023 Leisure & Hospitality Kingdom Holding profit up 10% on higher hotel revenue Kingdom Holding Company, the investment firm of Saudi billionaire Prince Alwaleed Bin Talal, reported a 10 percent increase in net profit to SAR391.2 million ($104.29 million) in the third quarter of 2023. The profit was driven by an increase in hotel and other operating revenue, higher finance income, and lower withholding and income tax. Despite […] November 10, 2023 Tourism Red Sea Global reveals own luxury resort brand The Saudi developer Red Sea Global (RSG) will open Shebara, its own luxury resort brand, next summer at the Red Sea tourism project. The resort, on Sheybarah Island in the Al Wajh Lagoon, will house 73 keys, including overwater and beach villas. Guests can get to the resort after a 45-minute boat ride, or 20 […] November 7, 2023 FII Tourism Red Sea Global links up with Kingdom for $530m resort Red Sea Global and Kingdom Holding Company have agreed a SAR2 billion ($530 million) joint venture to develop and own a Four Seasons resort at the Red Sea giga-project. The luxury development, scheduled to open in early 2025, will be built on Shura Island, the main hub of the 22-island giga-project. The Four Seasons resort […] October 24, 2023 Transport Red Sea Global installs Saudi Arabia’s largest EV charging network Saudi developer Red Sea Global has installed what it says is the kingdom’s largest off-grid electric vehicle charging network. The network includes more than 150 charging stations spread across phase one of the Red Sea project. The stations are strategically located to keep Red Sea Global’s initial fleet of 80 electric Lucid and Mercedes vehicles […] October 17, 2023 Posts navigation Previous 1 … 3 4 5 … 8 Next
Leisure & Hospitality Kingdom Holding, Red Sea Global set up JV to develop $533m resort Saudi-listed Kingdom Holding Company said that it has incorporated a new joint venture with Public Investment Fund-backed Red Sea Global Company to develop a tourist resort in the kingdom. East Shoura III Real Estate Company is the new venture between Kingdom Holding’s wholly-owned subsidiary, Sea Front Company, and RSG’s Red Sea Investment Co. II subsidiary. […] December 25, 2023
Sustainability Saudi developer vows to protect Red Sea corals Red Sea Global (RSG), the developer of the Red Sea and Amaala mega tourism projects, has announced its “coral commitment” to protect and regenerate corals in the Red Sea. The multi-layered programme was revealed at a side event during the Cop28 climate conference in Dubai. “The Red Sea has some of the most stunning and […] December 13, 2023
Analysis Giga-projects Big 5 builders seek answers to Saudi’s $1.5trn question Saudi Arabia’s mammoth pipeline of giga-projects was the focus of the Big 5 Global conference in Dubai this week, as the region’s main construction players discussed how to juggle fast-approaching 2030 deadlines with the kingdom’s push for sustainable development. Saudi Arabia has signed off on $78 billion of construction projects so far this year, up […] December 7, 2023
Agriculture RedSea to dig further into Egypt’s agricultural market RedSea, an agtech business based in Saudi Arabia, is prioritising Egypt to transform the North African nation’s agricultural industry. The company has also announced the appointment of Bruno De Oliveira as vice president of Egypt and East Africa as a result of increasing customer demand for its products. RedSea has already installed heat-blocking roofing materials […] November 30, 2023
Finance Kingdom Holding ups stake in Citigroup with Alwaleed deal Kingdom Holding Company has increased its investment in Citigroup after buying a $450 million stake from its Saudi Arabian billionaire chairman, Prince Alwaleed Bin Talal. The deal has raised Kingdom’s stake to 2.2 percent from 1.63 percent, according to a filing on the Saudi Stock Exchange on Wednesday. The company did not disclose any further […] November 29, 2023
Opinion Sustainability Saudi Arabia can make the case for change at Cop28 The kingdom is making steps to protect its young population November 21, 2023
Leisure & Hospitality Kingdom Holding profit up 10% on higher hotel revenue Kingdom Holding Company, the investment firm of Saudi billionaire Prince Alwaleed Bin Talal, reported a 10 percent increase in net profit to SAR391.2 million ($104.29 million) in the third quarter of 2023. The profit was driven by an increase in hotel and other operating revenue, higher finance income, and lower withholding and income tax. Despite […] November 10, 2023
Tourism Red Sea Global reveals own luxury resort brand The Saudi developer Red Sea Global (RSG) will open Shebara, its own luxury resort brand, next summer at the Red Sea tourism project. The resort, on Sheybarah Island in the Al Wajh Lagoon, will house 73 keys, including overwater and beach villas. Guests can get to the resort after a 45-minute boat ride, or 20 […] November 7, 2023
FII Tourism Red Sea Global links up with Kingdom for $530m resort Red Sea Global and Kingdom Holding Company have agreed a SAR2 billion ($530 million) joint venture to develop and own a Four Seasons resort at the Red Sea giga-project. The luxury development, scheduled to open in early 2025, will be built on Shura Island, the main hub of the 22-island giga-project. The Four Seasons resort […] October 24, 2023
Transport Red Sea Global installs Saudi Arabia’s largest EV charging network Saudi developer Red Sea Global has installed what it says is the kingdom’s largest off-grid electric vehicle charging network. The network includes more than 150 charging stations spread across phase one of the Red Sea project. The stations are strategically located to keep Red Sea Global’s initial fleet of 80 electric Lucid and Mercedes vehicles […] October 17, 2023
