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Red Sea Global named “Developer of the Year” at Big Project Middle East Awards 2020

Published

27 Jan 2021

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RSG named “Developer of the Year” at Big Project Middle East Awards 2020

Published

27 Jan 2021

Share

  • 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.

We are honored to be named The Developer of the Year in this year’s edition of Big Project Middle East Awards. This is a prestigious accolade which has previously crowned many landmark organizations and projects around the region,
Said John Pagano, Group CEO of RSG.
We are also happy to see a greater focus being placed on rewarding sustainable and responsible development, which is a growing trend around the world, particularly in the wake of the Covid-19 pandemic. At RSG we firmly believe that development does not need to be at the expense of nature and the natural habitat, 

 

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 closedjoint-stockcompany wholly owned by the Public Investment Fund (PIF) ofSaudiArabia. It is a vertically integrated real estate developer withadiverse portfolio across tourism, residential,experiences,infrastructure, transport, healthcare, and services. Thisincludes theluxury regenerative tourism destinations The Red Sea, whichbeganwelcoming guests in 2023, and AMAALA, which remains on track towelcomefirst guests in 2025.
A third destination, Thuwal PrivateRetreat, willopen this year, and RSG has also been entrusted withrefurbishment worksat Al Wajh Airport, focused on upgrading the existingterminal 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 andbusinesses, RSGseeks to lead the world towards a more sustainablefuture, showing howresponsible development can uplift communities, driveeconomies, 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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