The Red Sea Development Company (TRSDC) has acquired all of the necessary approvals from the Board of Directors for its ambitious tourism master plan in Saudi Arabia – The Red Sea Project.
Developed in partnership with WATG and Buro Happold, the master plan features design concepts from world-famous architects. Expected to reach completion in 2022, phase one of the project entails 14 luxury and hyper-luxury hotels, collectively contributing 3,000 rooms across five islands and two inland resorts.
The first phase will also include yacht marinas, leisure and lifestyle amenities, an airport to serve the destination and the necessary supporting logistics and utilities infrastructure.
The planning phase for this game-changing project was influenced by a number of environmental studies, ensuring that the ecologically sensitive area is fully protected. The final master plan, which preserves approximately 75 per cent of the destination’s islands for conservation and designates nine islands as sites of significant ecological value, required several redesigns throughout the process to avoid potentially disrupting endangered species native to the area.
CEO, TRSDC, John Pagano commented: “The design concepts that we have presented to the Board will provide visitors with a uniquely diverse, immersive experience while setting new standards in sustainable development, and positioning Saudi Arabia on the global tourism map. “With the master plan approved, we are now identifying investors and partners who are interested in working with us on realising the objectives of the project and who share our commitment to enhance, not exploit, the natural ecosystems that make the destination so unique,” he added.
The Red Sea Project forms part of Saudi Arabia’s ambitious Vision 2030 strategy. It is expected to create up to 70,000 new jobs and to contribute $5.3 billion to the KSA’s GDP. The project is expected to be fully completed in 2030, and once it is fully operational, it will house up to 10,000 hotel rooms across island resorts, mountain retreats and desert hideaways.
Adding to this, The Red Sea Project will boast luxury residential properties and commercial, retail and recreational facilities.
“The leadership of the Kingdom has shown great foresight in its insistence on balanced development of this pristine destination. Our plan not only envisions a stunning luxury destination, it also takes tangible, measurable steps to enhance that destination for future generations to enjoy and cherish,” Pagano concluded.