Skip to content Skip to Search
Skip navigation

Saudi developer vows to protect Red Sea corals

Red Sea Global is currently monitoring some 300 reef sites, rescuing corals through relocation Red Sea Global
Red Sea Global is currently monitoring some 300 reef sites, rescuing corals through relocation

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 resilient corals anywhere in the world. They may even hold the secret to global coral health. But unfortunately, not even Red Sea coral is invincible,” group CEO John Pagano said.

“We need to protect and regenerate this vital ecosystem,” he added.

In addition, the Saudi developer signed a letter of intent with the Coral Research & Development Accelerator Platform (Cordap).

Cordap was launched in 2020 by the G20 to fast-track research and development solutions to save the world’s corals. The agreement will see RSG work with the body to accelerate and scale up the development of new technologies that support international coral conservation efforts.

RSG also unveiled Corallium, a new brand for its marine life institute at Amaala.

The developer is currently monitoring some 300 reef sites, rescuing corals through relocation and testing coral farming techniques to restore coral reefs.

In 2021, the developer established several offshore floating nurseries to sustain and grow a small number of rescued corals, achieving a 97 percent success rate.

Next year, RSG will take delivery of a million-dollar coral breeding lab, allowing its team of scientists to produce juvenile coral at multiple points throughout the year.

The developer is already deploying advanced technology, including robots and machine learning, to monitor coral cover.

Latest articles

Sainsbury's has the second-largest share of the UK grocery market, at 15 percent, behind Tesco at 28 percent

Qatar to reduce stake in UK supermarket Sainsbury’s

Qatar’s sovereign wealth fund is selling part of its 15 percent stake in the British supermarket Sainsbury’s as the fund pushes ahead with expansion in the United States and Asia, particularly China and India. Qatar Investment Authority (QIA), the biggest shareholder in Sainsbury’s, is selling £306 million ($399 million) worth of shares in the retailer, […]

Shoppers in Kuwait's Avenues Mall – the IMF says the country needs to encourage private sector employment

Kuwait needs to push reforms for economic growth, says IMF

Kuwait must accelerate the introduction of fiscal and structural reforms that are needed to increase private sector-led growth and diversify its economy away from hydrocarbons, the International Monetary Fund said on Friday. Kuwait’s economy will contract by 3.2 percent this year because of an Opec+ oil production cut, but will grow by 2.8 percent in 2025 […]

Thani Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates, (UAE) speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign trade, said 'Malaysia offers substantial opportunity for our exporters, industrialists and business leaders' UAE Malaysia Cepa

UAE and Malaysia sign Cepa to increase bilateral trade

The UAE and Malaysia have signed a free trade deal, bringing the number of deals the Gulf state has agreed with foreign governments to 12. The comprehensive economic partnership agreement (Cepa) will seek to eliminate or reduce tariffs, lower trade barriers, increase private sector collaboration and create new investment opportunities, the two countries said in a […]

Modern buildings in the city center of Riyadh, Saudi Arabia

Riyadh leads Saudi Arabia’s hot property market

Strong population and employment growth in Riyadh is driving a surge in real estate transactions as new properties cannot come on the market fast enough. A dramatic rise in the number of deals in the 12 months to the end of June was also visible in Jeddah and Dammam, according to a report this week […]