Red Sea Global expanding footprint in hotel management
Red Sea Global, the Saudi Arabian project developer, is
expanding its presence in the hotel management sector, supported by substantial
funding from one of the world's largest state wealth funds. The ambitious plan
includes the development of various projects such as the Sheybarah overwater
villa project, a mountain-embedded luxury hotel with 60 rooms, and a private
island named Thuwal near Jeddah.
With a goal to open 16 hotels by 2025 and an additional 34
by 2030, Red Sea Global Hospitality operates as a department within Red Sea
Global rather than as an independent company. Noteworthy is its collaboration
with global hotel operators for the majority of these ventures.
Red
Sea Global introduces Thuwal private retreat, an exclusive private island
The confirmed list of Red Sea Hotels includes notable
establishments like Desert Rock Resort, Faena The Red Sea, Fairmont Red Sea,
Four Seasons Resort The Red Sea, Grand Hyatt The Red Sea, InterContinental The
Red Sea, Jumeirah The Red Sea, Miraval The Red Sea, Nujuma - A Ritz-Carlton
Reserve, Raffles The Red Sea, Rosewood The Red Sea, Shebara Sheybarah Island, SLS
The Red Sea, Six Senses Southern Dunes, The Red Sea Edition, and St. Regis The
Red Sea.
To support the growing venture, Red Sea Global Hospitality
is actively recruiting key positions, such as general and resort managers,
chefs, and various department heads.
Red
Sea Global's contribution to Saudi Vision 2030
Owned entirely by the Public Investment Fund (PIF), Red Sea
Global is a key player in Saudi Arabia's tourism development, benefitting from
PIF's substantial assets exceeding $600 billion. Sebastien Carre, previously
with Four Seasons for over two decades, has been appointed as the head of
hospitality to lead the team in crafting a world-class experience.
Noteworthy is Red Sea Global's intention to expand beyond
Saudi Arabia, with plans for self-operated hotels and giga-projects. CEO John
Pagano revealed the development of more affordable hotel options to be unveiled
before 2030, introducing thousands of hotel rooms to the kingdom's tourism
sector.
Red
Sea Global reveals in-house luxury brand Shebara
Pagano emphasized the strategic focus on the mid-market
segment, targeting different audiences and locations along the entire Red Sea
coast. While developments in Europe are in the pipeline, the current emphasis
remains on Saudi Arabia, aligning with the objectives of the Saudi Vision 2030
to diversify the economy.
Red Sea Global Hospitality stands as a prominent participant
in the flourishing hospitality and tourism sector in the Middle East,
contributing to the broader mission of economic diversification initiated by
Saudi Arabia's Vision 2030.
Source: https://skift.com/
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