The Red Sea Development Company (TRSDC), one of the leading tourist development projects of Saudi Arabia, specialised in Red Sea Project, has recently rebranded to Red Sea Global (RSG). Last Tuesday, the announcement was made by the company during the sixth edition of Future Investment Initiative in Riyadh on Oct. 25.
This rebranding is part of the Company’s vision to expand their tourism possibilities on a global scale. TRSDC was spearheading creation of two luxury resort projects, The Red Sea and Amaala. Along with that, this recent announcement has made Saudi’s tourism interests to a whole new level.
RSG’s group CEO John Pagano in a statement put forward the reason behind their evolution into a truly global developer as “ With The Red Sea and AMAALA we’ve proven our ability to realise mega-scale responsible developments that positively shape the futures of both the people who we welcome and employ, and the places in which we operate.”
This transformation into a truly global developer could help the people of Saudi Arabia by creating massive economic opportunities – valued at hundreds of billions worth of riyals – for the people of Saudi Arabia.” said RSG officials.
Red Sea Global is owned by Saudi Arabia’s Public Investment Fund (PIF), which was created as part of Saudi Arabia’s Vision 2030 – An event that can contribute to the country’s ambition to become a global tourism hub.
