Arab Press

بالشعب و للشعب
Sunday, May 11, 2025

Saudi Arabia’s Red Sea Global takes the lead in delivering Vision 2030 goals: Report

Saudi Arabia’s Red Sea Global takes the lead in delivering Vision 2030 goals: Report

Saudi Arabia’s Red Sea Global (RSG) is taking a leading role in supporting the delivery of the Kingdom’s Vision 2030 strategy by developing a world-class tourism industry, the company’s annual sustainability report revealed on Sunday.

RSG is the multi-project developer behind two of the world’s most ambitious regenerative tourism destinations – The Red Sea and Amaala.

The Red Sea – the RSG’s first flag-ship project – is on track to welcome its first guests in 2023, when the international airport and the first hotels are set to open. Amaala is expected to open to visitors after 2024.

Both are projected to contribute around $8.78 billion annually to the Kingdom’s economy on completion.



RSG’s projects also place enhancing the wellbeing of communities – including comprehensive training programs for the next generations of Saudi talent – at the forefront of its mission.

The report details the company’s key achievements over the past year and its commitment to transparency and accountability.

According to RSG, the company is continuing to develop innovative policies and strategies to facilitate its sustainability and regeneration commitments. These include the regulation of fisheries, removal of invasive species in the area, conservation zones, and the expansion of green and blue habitats to encourage regeneration and carbon sequestration.

The report said that RSG has invested heavily in innovative construction methods, such as off-site manufacturing, as well as in the use of sustainable products and materials, like green concrete.


Key achievements


RSG also continues to be internationally lauded for its leadership in sustainable development, as it works toward achieving critical milestones in the construction of its two existing giga projects.

“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,” Group CEO of RSG John Pagano said in a statement.

The company is the first development in the Middle East to receive platinum certification under the globally recognized standard for green construction, LEED for cities, as well as recognition for Saudi Arabia in the World Finance Corporate Governance Awards.

“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,” Pagano said.

“The report this year demonstrates that we are committed to more than pledges and our progress is rooted in tangible actions.”

This year, RSG was awarded a 5-star rating across areas such as policies, materials, water use, and waste management for ESG criteria under the Global Real Estate Sustainability Benchmark (GRESB).

It included being named as a Regional Sector Leader – one of the highest scoring entities in the Middle East – in recognition of RSG’s strong governance structure and commitment to transparency.

RSG has also become the first Saudi Arabian company to achieve the ISO 37000 certification for good governance, being recognized for operating ethically and effectively at an enterprise-wide level to fulfil its purpose as a business.


Other positive outcomes


The Sustainability Report outlines other positive outcomes RSG has secured in four key areas over the last year, which are: excellence in governance, commitment to protecting and enhancing the environment, positive social impact, and contribution to economic diversification and growth.

“These achievements are the result of the shared ambition, drive and passion of employees across our business. Sustainability and the desire to set new global standards in the industries in which we operate, sits at the heart of each and every one of us at Red Sea Global, and ripples across our many partners who collectively contributed to our success,” said Raed Albasseet, Group Chief Environment and Sustainability Officer, RSG.

The latest report comes following the company’s recent transformation from The Red Sea Development Company (TRSDC) to Red Sea Global (RSG).

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
India-Pakistan conflict may be first test for Chinese military tech
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Removing the Political Rival Means Diminishing What's Remaining of Turkey's Economy
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
UAE Pledges $1.4 Trillion Investment Strategy in the United States
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
Netanyahu Dismisses Shin Bet Chief Amid 'Loss of Trust' and 'Qatargate' Corruption Investigations Involving Netanyahu's Advisors
U.S. Approves $100 Million Precision Rocket Sale to Saudi Arabia Amid Ongoing Yemen Conflict
High-ranking ISIS Official Neutralized in Collaborative Operation in Iraq
Netanyahu Rejects UN Reports on Gaza as 'Untrue'
Six Americans Freed from Detention in Kuwait
Syria Wraps Up Military Campaign Amid Extensive Violence and Large-Scale Killings.
Trump Speaks Out on the Arrest of Pro-Palestinian Student at Columbia University
Demonstrations Break Out as Individual Ascends Big Ben with Palestinian Flag
Over 300,000 Refugees Expected to Return to Syria Amid Ongoing Crisis
Trump Urges Nuclear Talks with Iran as Tensions Escalate
US Launches AI Initiative to Track Foreign Nationals' Social Media for Terrorist Support.
US Initiates Direct Discussions with Hamas During Hostage Situation
US Government Dismisses Arab Leaders' Plan for Gaza Reconstruction
US Engages in Unprecedented Covert Talks with Hamas Regarding Hostages
Arab Leaders Approve $53 Billion Initiative for Gaza Reconstruction
Iran's Enriched Uranium Stockpile Reaches Levels for Six Nuclear Devices
Israel Indicates Willingness to Resume Military Operations in Gaza
Hamas Lets Go of Last Israeli Hostage as Part of Ceasefire Deal
Trump Adjusts Gaza Resettlement Plan Following Rejections from Regional Leaders
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advance.
Israeli Minister Urges Hamas to Surrender and Depart from Gaza.
Iran Considers Moving Its Capital Due to Urban Difficulties
Israel and Hamas Finalize Sixth Exchange of Hostages and Prisoners During Continuing Gaza Ceasefire
Leaders of BRICS to Gather in Rio de Janeiro for July Summit
Muhsin Hendricks, a trailblazing openly gay imam, was killed in South Africa.
Trump's special envoy for hostage affairs cautions Hamas against challenging Trump before Saturday's deadline.
Two British citizens apprehended in Iran amid escalating tensions.
Israel Issues Threat of Military Action as Hostage Negotiations with Hamas Continue
Hamas Coordinates Worldwide Solidarity Marches in Reaction to U.S. and Israeli Initiative
×