Red Sea Global’s ultra-luxury destination, AMAALA Triple Bay, is set to open in the coming months, marking a major milestone in Saudi Arabia’s Vision 2030. The developer, RSG, made the announcement at the inaugural TOURISE Summit, confirming the debut of six world-class luxury resorts and a range of exclusive facilities including a yacht club and a marine life institute. The total completed first phase will feature nine resorts and over 1,600 keys.
Red Sea Global (RSG) has secured SAR 6.5 billion ($1.73 billion) in green financing from a consortium of Saudi banks to accelerate the development of AMAALA, its flagship luxury wellness destination on the Red Sea coast. Led by Riyad Bank, the facility aligns with RSG’s Green Loan Framework and marks the company’s latest milestone in sustainable tourism investment.
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