The Red Sea Development Company

E777225

The Red Sea Development Company is a Saudi Arabian developer established to create a luxury, sustainable tourism destination along the Red Sea coast as part of the country’s Vision 2030 diversification strategy.

All labels observed (1)

Label Occurrences
The Red Sea Development Company canonical 2

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf company ⓘ
real estate developer ⓘ
tourism development company ⓘ
brandPositioning ultra-luxury regenerative tourism destination ⓘ
commitment carbon-neutral operations goal ⓘ
no waste-to-landfill goal for operations ⓘ
country Saudi Arabia ⓘ
economicGoal attract foreign direct investment in tourism ⓘ
increase Saudi Arabia’s tourism GDP contribution ⓘ
environmentalGoal achieve net positive conservation impact ⓘ
limit development footprint to small percentage of project area ⓘ
protect coral reefs and marine habitats ⓘ
focus eco-tourism ⓘ
environmental conservation ⓘ
high-end hospitality ⓘ
sustainable development ⓘ
foundedBy Public Investment Fund of Saudi Arabia ⓘ
governedBy board of directors appointed by Public Investment Fund ⓘ
headquartersLocation Riyadh ⓘ
inception 2018 ⓘ
industry hospitality ⓘ
real estate development ⓘ
tourism ⓘ
infrastructurePlan develop airports and transport infrastructure ⓘ
develop hotels and resorts ⓘ
develop residential and leisure facilities ⓘ
locatedOn Red Sea coast of Saudi Arabia ⓘ
linked to: Red Sea coast
mission create a sustainable tourism destination along the Red Sea ⓘ
owner Public Investment Fund of Saudi Arabia ⓘ
parentOrganization Public Investment Fund of Saudi Arabia ⓘ
partOf Saudi Vision 2030 ⓘ
projectName The Red Sea Project ⓘ
linked to: Red Sea Project
projectType luxury tourism destination ⓘ
regenerative tourism destination ⓘ
purpose develop luxury tourism destination on the Red Sea coast ⓘ
support Saudi Vision 2030 economic diversification ⓘ
regionServed Red Sea coast between Umluj and Al Wajh ⓘ
socialGoal create employment opportunities for Saudis ⓘ
support local communities along the Red Sea coast ⓘ
strategicObjective create jobs in tourism sector ⓘ
diversify Saudi economy beyond oil ⓘ
sustainabilityApproach off-grid renewable power systems ⓘ
waste reduction and recycling ⓘ
water conservation and desalination management ⓘ
targetMarket international luxury tourists ⓘ
regional high-end tourists ⓘ
usesEnergySource renewable energy ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Red Sea Project → formerDeveloperName → The Red Sea Development Company ⓘ
Amaala → formerDeveloper → The Red Sea Development Company ⓘ