Saudi Arabia’s Red Sea Global (RSG) is playing a pivotal role in advancing the Kingdom of Saudi Arabia’s Vision 2030 goal by creating a quality tourism economy, according to RSG’s annual sustainability report.
RSG created two of the most ambitious regenerative tourist locations in the world, The Red Sea and Amaala, through various projects.
The international airport and the first hotel are scheduled to open in 2023, making The Red Sea—the RSG’s first flagship project—ready to welcome its visitors. After 2024, guests are anticipated to be welcomed to Amaala.
Upon completion, both are anticipated to provide the Kingdom’s economy with about $8.78 billion yearly.
To support its commitments to sustainability and regeneration, the corporation is reportedly working on novel policies and methods. These include managing fisheries, eradicating invasive species from the area, creating conservation zones, and enlarging green and blue regions to promote regrowth and carbon sequestration.
According to the research, RSG has substantially invested in both the usage of sustainable goods and materials, such as green concrete, as well as innovative building techniques, like off-site manufacture.
“As one of the world’s most visionary multi-project developers and a leader in sustainable development, we know how important transparency is to our business. Fundamentally, we believe that accountability is the essential currency of sustainable business in today’s world,” said John Pagano, group CEO at RSG.
“We hope our pioneering approach to development, which sees us act first and foremost as global corporate citizens, can provide a clear blueprint for like-minded organizations to follow. The report this year demonstrates that we are committed to more than pledges and our progress is rooted in tangible actions.” Pagano added.