Kingdom Holding Company and Red Sea Global signed a SAR 2bn (USD 533 million) Joint Venture to develop and own the Four Seasons Resort at Shura Island in the Red Sea.
Our CEO Eng. Talal Ibrahim Almaiman said:
“We are proud of our partnership with Red Sea Global in implementing one of the most ambitious projects in Saudi Arabia, and we look forward to creating value for our respective shareholders.”
Kingdom Holding Company's local investments total value has exceeded SAR 21 billion (USD 5,6 billion).
Economic and Environmental Impact
The project is expected to create thousands of jobs while ensuring environmental conservation. It aligns with Saudi Arabia’s commitment to green development by integrating renewable energy solutions and sustainable design practices.
Key benefits of the project include:
- Creation of 10,000+ jobs across various sectors, boosting the local economy.
- Integration of 100% renewable energy, reducing carbon emissions.
- Development of smart infrastructure, enhancing efficiency and sustainability.
- Preservation of 50,000 hectares of natural habitats, supporting biodiversity.
- Implementation of cutting-edge water recycling systems, minimizing waste.
Kingdom Holding Company’s Vision
KHC, led by Prince Alwaleed bin Talal, has a long history of investments in hospitality, real estate, and tourism. This venture strengthens its portfolio and reinforces its role in shaping the future of the Saudi tourism industry.
Red Sea Global’s Ambitious Plans
Red Sea Global, known for its commitment to luxury tourism with a sustainability focus, sees this partnership as a stepping stone toward developing world-class resorts. Their expertise in high-end hospitality will be crucial in the execution of the project.
A Landmark Deal for Saudi Arabia’s Future
This SAR 2 billion joint venture marks a milestone in Saudi Arabia’s economic diversification efforts. By combining the strengths of KHC and RSG, the project is poised to redefine tourism standards, making the Red Sea region a premier global destination.
