📋 Tender Overview
Scope:
Upon completion in 2030, The Red Sea Project will comprise 50 hotels, offering up to 8,000 hotel rooms and more than 1,000 residential properties across 22 islands and six inland sites. The destination will also include a luxury marina, entertainment and leisure facilities. The Red Sea Project has already passed numerous significant milestones and work is on track to welcome the first guests next year when the international airport and the first hotels will open. All 16 hotels planned in Phase I will be open by the end of 2023.
Phase One will also include yacht marinas, leisure and lifestyle amenities and an airport to serve the destination, as well as the necessary supporting logistics and utilities infrastructure.The project outline is guided by a series of wide-ranging environmental studies to ensure that the ecologically sensitive area is fully protected during and after development.The final master plan, which preserves some 75 percent 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. According to CEO of TRSDC the he design concepts that 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 and also added that they are now identifying investors and partners who are interested in working with them on realizing the objectives of the project and who share their commitment to enhance, not exploit, the natural ecosystems that make the destination so unique.The Red Sea Project is an integral component in Saudi Arabia›s Vision 2030 strategy. The project is expected to create up to 70,000 new jobs and to contribute as a much as SR22 billion ($5.3 billion) to the nation’s GDP, by creating investment opportunities for the private sector and developing the Kingdom’s tourism industry while preserving the nation’s precious cultural and environmental heritage.The destination will be fully completed in 2030. The approved master plan will steer the development of 22 of the 90+ islands at the destination, providing up to 10,000 hotel rooms across island resorts, mountain retreats and desert hideaways.
Previous Events:
October 2021- TRSDC sign agreement with 9 luxury hotel brands. The Agreements includes with the following brands: EDITION Hotels and St Regis Hotels & Resorts, part of Marriott International; Fairmont Hotel & Resorts, Raffles Hotels & Resorts and SLS Hotels & Residences, part of global hospitality group Accor; Grand Hyatt, part of Hyatt Hotels Corporation; Intercontinental Hotels & Resorts and Six Senses, part of IHG Hotels & Resorts;
August 2021-
The Red Sea Development Company (TRSDC), has announced a partnership with The King Abdulaziz City for Science and Technology (KACST) to provide hig
