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Red Sea Global and Monaco Marina Management to make Saudi Arabia a distinguished yachting destination

Published

28 Sep 2023

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Red Sea Global and Monaco Marina Management to make Saudi Arabia a distinguished yachting destination

Published

28 Sep 2023

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New partnership to put Amaala Yacht Club on the global yachting map.


Riyadh / Monaco, 28 September, 2023: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, is partnering with Monaco Marina Management (M3) to establish RSG’s Amaala Yacht Club as one of the world’s premier yachting destinations.

The partnership with M3, privileged partner of “La Belle Classe Destinations”, a certification owned and operated by the world-famous Yacht Club de Monaco, was confirmed in a signing ceremony at the Monaco Yacht Show, hosted at the Saudi Red Sea Authority exhibition stand.

Together, they will work to meet the criteria and standards to be certified as ‘La Belle Classe Destinations’ once in operation, a marker of excellence for yacht clubs and marinas around the world. The agreement also covers developing an exceptional event calendar, creating a sailing academy, supporting with training and recruitment, and providing seasonal, reciprocal opportunities for members, cadets and youth.

 

“The Amaala Yacht Club, with its signature architecture inspired by the rock formations that created our Triple Bay millennia ago, will be the stunning centerpiece of our marina development. With M3’s support, our facilities, operations, services and amenities will ensure our Yacht Club honors the striking landscape in which it is set and makes Amaala one of the world’s most distinguished yachting destinations,”
said John Pagano, Group CEO of Red Sea Global.

 


‘La Belle Classe Destinations’ certification is awarded to yachting destinations that demonstrate a deep understanding of maritime ethics and etiquette, environmental protection, design aesthetics, educational and economic impact. Recipients become part of a global network of excellence, committed to building the future of sailing and yachting while maintaining these essential values.

 

“What excites me most about this partnership is the opportunity for training and knowledge transfer. Empowering Saudi nationals has always been at the center of our regenerative approach, and with our marina employees receiving best-in-class training both in Monaco and at Amaala, we are confident that we are fulfilling our promise to create destinations by the people and for the people of Saudi Arabia,”

Mr. Pagano added.


Designed by leading architecture firm HKS and sitting in a 10-hectare basin, the ultra-luxurious, four-story Amaala Yacht Club boasts a 120-berth marina and can accommodate residents’ activities as well as yachting events, regattas, and launches. 

José Marco Casellini, CEO of Monaco Marina Management, said: “Red Sea Global’s vision for regenerative tourism closely mirrors our mission to promote sustainable yachting. We’re excited to help bring these ambitions to life and work together to put the Amaala Yacht Club and Saudi Arabia on the global yachting destination. Moreover, M3 being part of the collective “Monaco, Capital of Advanced Yachting” approach, we are glad to spread the initiatives of the Monaco Principality as a spearhead for responsible yachting”.

Phase One of Amaala – focused on the Triple Bay masterplan – is well underway, with the first guests set to be welcomed in 2025. It will consist of eight resorts offering upwards of 1,200 hotel keys. Once complete, Amaala will be home to more than 3,900 hotel rooms across 29 hotels, and approximately 1,200 luxury residential villas, apartments, and estate homes, supporting high-end retail, fine dining, wellness, equestrian and recreational 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 SaudiArabia. It is a vertically integrated real estate developer with adiverse portfolio across tourism, residential, experiences,infrastructure, transport, healthcare, and services. This includes theluxury regenerative tourism destinations The Red Sea, which beganwelcoming guests in 2023, and AMAALA, which remains on track to welcomefirst guests in 2025. A third destination, Thuwal Private Retreat, willopen this year, and RSG has also been entrusted with refurbishment worksat Al Wajh Airport, focused on upgrading the existing terminal andinfrastructure, and building a new international terminal. RSG is acornerstone of Saudi Arabia’s ambition to diversify its economy. Acrossits growing portfolio of destinations, subsidiaries and businesses, RSGseeks to lead the world towards a more sustainable future, showing howresponsible development can uplift communities, drive economies, andenhance 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.

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