RSG named “Developer of the Year” at Big Project Middle East Awards 2020
- The developer also won the Excellence in Health & Safety award at the prestigious regional event
Riyadh, (27 Jan 2021): Red Sea Global RSG (formerly known as TRSDC) , the developer behind the world’s most ambitious regeneration tourism project, has won two awards at the 2020 edition of the Big Project Middle East Awards, held on January 26 at the Ritz Carlton JBR in Dubai.
Following an extensive judging process that included more than 140 nominations, RSG was named The Developer of The Year in recognition of the significant progress made at the new destination and the exceptional work undertaken to set new standards, particularly in sustainability and environmental regeneration in and around the area of its flagship project.
RSG was also awarded the Excellence in Health and Employee Safety award for their Covid-19 Health and Safety Plan, celebrating their efforts to maintain the health and safety of their workforce during the pandemic, whether onsite or at their headquarters.
Dubox by AMANA, a subsidiary of AMANA Investments, won the Sustainability Project of The Year for its sustainability efforts on the Turtle Bay development at The Red Sea Project.
Riad Bseibes, CEO of AMANA Investments, said: “We are delighted to win this significant award for our work on The Red Sea Project, which demonstrates our commitment from the outset to progress this project in a sustainable fashion with like-minded stakeholders in order to protect this pristine destination and its unique habitats.”
The Turtle Bay is currently under development with AMANA Investments involved in both the residential housing and the three-star management hotel, which is set to open by the end of Q2 2021. The village will provide accommodation, office space, and supporting civil amenities to around 14,000 employees who will eventually operate the destination.
RSG’s commitment to regenerative tourism is underpinned by a master plan that predicts a 30 percent net conservation benefit by 2040. Only 22 islands of more than 90 will be developed, leaving 75 percent untouched and a further nine islands designated as special conservation zones.
Late last year RSG announced that it is creating the world’s largest battery storage facility to enable the entire site to be powered by renewable energy 24 hours a day, including the island sites.
Upon completion in 2030, The Red Sea Project will comprise 50 hotels, offering up to 8,000 hotel rooms and around 1,300 residential properties across 22 islands and six inland sites. The destination will also include a luxury marina, entertainment, and leisure facilities.
About Red Sea Global
Red Sea Global (RSG - www.redseaglobal.com) is a closed joint-stockcompany wholly owned by the Public Investment Fund (PIF) of Saudi Arabia.
RSG is a global multi-project developer, seeking to lead the worldtowards a more sustainable future, showing how responsible andregenerative development can uplift communities, drive economies, andenhance the environment. The protection of natural capital is central toall development decisions, as the organization seeks to create a betterfuture for all.
A cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify itseconomy, RSG is playing a key role in transforming the nation, bycreating exciting opportunities for young Saudi talent and the privatesector, as it develops built assets and destinations across multiplesectors that make a positive impact for people and planet.
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.