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-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.
