The Red Sea Development Company
E777225
The Red Sea Development Company is a Saudi Arabian developer established to create a luxury, sustainable tourism destination along the Red Sea coast as part of the country’s Vision 2030 diversification strategy.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
company
ⓘ
real estate developer ⓘ tourism development company ⓘ |
| brandPositioning | ultra-luxury regenerative tourism destination ⓘ |
| commitment |
carbon-neutral operations goal
ⓘ
no waste-to-landfill goal for operations ⓘ |
| country | Saudi Arabia ⓘ |
| economicGoal |
attract foreign direct investment in tourism
ⓘ
increase Saudi Arabia’s tourism GDP contribution ⓘ |
| environmentalGoal |
achieve net positive conservation impact
ⓘ
limit development footprint to small percentage of project area ⓘ protect coral reefs and marine habitats ⓘ |
| focus |
eco-tourism
ⓘ
environmental conservation ⓘ high-end hospitality ⓘ sustainable development ⓘ |
| foundedBy | Public Investment Fund of Saudi Arabia NERFINISHED ⓘ |
| governedBy | board of directors appointed by Public Investment Fund ⓘ |
| headquartersLocation | Riyadh NERFINISHED ⓘ |
| inception | 2018 ⓘ |
| industry |
hospitality
ⓘ
real estate development ⓘ tourism ⓘ |
| infrastructurePlan |
develop airports and transport infrastructure
ⓘ
develop hotels and resorts ⓘ develop residential and leisure facilities ⓘ |
| locatedOn | Red Sea coast of Saudi Arabia NERFINISHED ⓘ |
| mission | create a sustainable tourism destination along the Red Sea ⓘ |
| owner | Public Investment Fund of Saudi Arabia NERFINISHED ⓘ |
| parentOrganization | Public Investment Fund of Saudi Arabia NERFINISHED ⓘ |
| partOf | Saudi Vision 2030 NERFINISHED ⓘ |
| projectName | The Red Sea Project NERFINISHED ⓘ |
| projectType |
luxury tourism destination
ⓘ
regenerative tourism destination ⓘ |
| purpose |
develop luxury tourism destination on the Red Sea coast
ⓘ
support Saudi Vision 2030 economic diversification ⓘ |
| regionServed | Red Sea coast between Umluj and Al Wajh ⓘ |
| socialGoal |
create employment opportunities for Saudis
ⓘ
support local communities along the Red Sea coast ⓘ |
| strategicObjective |
create jobs in tourism sector
ⓘ
diversify Saudi economy beyond oil ⓘ |
| sustainabilityApproach |
off-grid renewable power systems
ⓘ
waste reduction and recycling ⓘ water conservation and desalination management ⓘ |
| targetMarket |
international luxury tourists
ⓘ
regional high-end tourists ⓘ |
| usesEnergySource | renewable energy ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.