Red Sea Global signs MOC with Saudi Communications Commission
The agreement aims to enhance cooperation between Red Sea Global (formerly known as TRSD) and Saudi Arabia’s Communications and Information Technology Commission for the provision of advanced communications and information technology services
Red Sea Global (RSG), the developer behind the world’s most ambitious regenerative tourism projects, The Red Sea and Amaala, has signed a Memorandum of Cooperation (MoC) with The Communications and Information Technology Commission (CITC).
The MoC establishes a cooperation framework to support the communications and information technology goals of both organizations and the wider aspirations of Saudi Arabia and its Vision 2030.
RSG is working to ensure that all projects it launches are compatible with the Communications Act, its bylaws and any additional relevant decisions made by the Commission. The Commission will provide RSG with support and assistance in line with its role as the regulator of the communications and information technology sector in the Kingdom.
Both parties agreed to determine a general framework for their future relationship and collaboration.
The Red Sea destination will welcome its first guests by the end of 2023. The first phase of the development will include 16 luxury hotels offering 3,000 rooms across five islands and two inland locations. It will also include entertainment facilities, an airport, and the necessary supporting logistics and utilities infrastructure. Work is already underway at the destination with the development of key supporting infrastructure and accommodation for the workforce and company employees deployed to manage construction.
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.
