Company Insights Red Sea Global Real Estate Red Sea Global News Tourism Saudi Arabia hits tourism target seven years early More than 106 million tourists visited Saudi Arabia last year, surpassing the kingdom’s 2030 target and prompting it to set a new goal of welcoming 150 million annual visitors by the end of the decade, according to the Ministry of Tourism. Achieving the milestone target of the Vision 2030 economic roadmap seven years early cements […] February 28, 2024 Trade Hundreds of companies consider Saudi Arabia A survey of 660 companies described as high-growth and from more than 50 countries around the world found more than two thirds were considering expanding into Saudi Arabia. Of the 450 across 37 sectors looking to move into the kingdom, half of them plan on doing so within the next six months. Ease of doing […] February 14, 2024 Giga-projects Red Sea Global secures $522m for Four Seasons Resort Saudi giga-project developer Red Sea Global (RSG) has secured SAR2 billion ($522 million) from Riyad Bank for its latest tourism project in the Red Sea development. The financing will be used to develop Four Seasons Resort, part of a joint venture between RSG and Kingdom Holding Company, which was incorporated in December 2023. The Four […] February 12, 2024 Construction Saudis to build carbon-negative concrete factory The Saudi real estate company Roshn Group and the Bahamas-based startup Partanna have agreed to build a factory to produce carbon-negative concrete in the kingdom. The specifics of the agreement, including the facility’s size and location, are still being finalised, a Partanna spokesperson told AGBI. The factory could have the capacity to produce enough concrete […] January 12, 2024 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 Posts navigation Previous 1 … 3 4 5 … 8 Next
Tourism Saudi Arabia hits tourism target seven years early More than 106 million tourists visited Saudi Arabia last year, surpassing the kingdom’s 2030 target and prompting it to set a new goal of welcoming 150 million annual visitors by the end of the decade, according to the Ministry of Tourism. Achieving the milestone target of the Vision 2030 economic roadmap seven years early cements […] February 28, 2024
Trade Hundreds of companies consider Saudi Arabia A survey of 660 companies described as high-growth and from more than 50 countries around the world found more than two thirds were considering expanding into Saudi Arabia. Of the 450 across 37 sectors looking to move into the kingdom, half of them plan on doing so within the next six months. Ease of doing […] February 14, 2024
Giga-projects Red Sea Global secures $522m for Four Seasons Resort Saudi giga-project developer Red Sea Global (RSG) has secured SAR2 billion ($522 million) from Riyad Bank for its latest tourism project in the Red Sea development. The financing will be used to develop Four Seasons Resort, part of a joint venture between RSG and Kingdom Holding Company, which was incorporated in December 2023. The Four […] February 12, 2024
Construction Saudis to build carbon-negative concrete factory The Saudi real estate company Roshn Group and the Bahamas-based startup Partanna have agreed to build a factory to produce carbon-negative concrete in the kingdom. The specifics of the agreement, including the facility’s size and location, are still being finalised, a Partanna spokesperson told AGBI. The factory could have the capacity to produce enough concrete […] January 12, 2024
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
