Red Sea Global signs MOU with King Abdulaziz University
The agreement marks the start of a collaborative partnership intended to facilitate a series of initiatives across learning and development, research and development, and CSR projects.
Red Sea Global (formerly known as TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has signed a Memorandum of Understanding (MoU) with King Abdulaziz University (KAU) in Jeddah.
Signed by RSG CEO John Pagano and KAU President Professor Abdulrahman Obaid Al-Youbi, the MoU establishes a cooperation framework to support both organization’s goals and the wider aspirations of Saudi Arabia and its Vision 2030.
The agreement opens new opportunities across numerous areas of marine research and monitoring with KAU’s Faculty of Marine Sciences in addition to a number of joint research and development (R&D) initiatives.
RSG will advise KAU on the academic disciplines required for students to find work in the Saudi development, tourism and hospitality industries and specifically at RSG. In addition, RSG will conduct educational research and surveys in collaboration with KAU to develop future academic and training programs for both parties.
Established by RSG, The Red Sea destination is underpinned by a commitment to regenerative tourism in construction and operations and aims to deliver a net positive conservation benefit of up to 30 percent by 2040. Under the MoU, KAU will provide expertise, guidance and access to scientific references with a focus on region-related encyclopedias and scientific publications that will support this ambition, as well as sharing social research projects and studies relevant to the Project.
RSG is committed to creating learning and development opportunities for young Saudis, such as the recently launched Ecotecture initiative. This design competition invites Saudi Arabia’s brightest architecture students to submit designs for a state-of-the-art community center to be located at The Red Sea destination’s exclusive Turtle Bay. The competition winners will be selected in October 2020 and the winning designer will have the opportunity to play a part in the creation of Saudi Arabia’s world-leading tourism destination.very guest enjoys a uniquely memorable experience.
About Red Sea Global
Red Sea Global (RSG - www.redseaglobal.com) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. It is a vertically integrated real estate developer with a diverse portfolio across tourism, residential, experiences, infrastructure, transport, healthcare, and services. This includes the luxury regenerative tourism destinations The Red Sea, which began welcoming guests in 2023, and AMAALA, which remains on track to welcome first guests in 2025. A third destination, Thuwal Private Retreat, will open this year, and RSG has also been entrusted with refurbishment works at Al Wajh Airport, focused on upgrading the existing terminal and infrastructure, and building a new international terminal. RSG is a cornerstone of Saudi Arabia’s ambition to diversify its economy. Across its growing portfolio of destinations, subsidiaries, and businesses, RSG seeks to lead the world towards a more sustainable future, showing how responsible development can uplift communities, drive economies, and enhance the environment.
RSG is the visionary company behind some of the world’s most ambitious
development ventures, including luxury regenerative tourism destinations
such as The Red Sea and AMAALA.
Across its portfolio, RSG leverages the most innovative concepts,
strategies, and technologies to deliver projects that actively enhance
the wellbeing of customers, communities, and environments.
