Red Sea Global signs MoU with the Saudi Ministry of Environment Water and Agriculture
The partnership will regulate the ongoing regenerative environmental work underway at the destination
Red Sea Global (formerly known as TRSDC), the developer behind the world’s most ambitious regenerative tourism projects, The Red Sea and Amaala, has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Ministry of Environment, Water and Agriculture (MEWA).
Signed by RSG CEO John Pagano and MEWA Deputy Minister of Environmental Affairs Dr. Osama Ibrahim Fakiha, the MoU will look to implement and regulate RSG’s environmental work and studies.
MEWA, along with an independent third-party consultant, will provide expertise and guidance on the environmental assessments and reports being carried out at the destination, and will facilitate these studies in line with government guidelines.
RSG is underpinned by a commitment to regenerative tourism in its construction and operations. The master plan outlines the development of only 22 islands from more than 90 in the archipelago and aims to deliver a net positive conservation benefit of up to 30 percent by 2040.
In addition, the organisation is committed to powering the destination with 100 percent renewable energy and achieving 100 percent carbon neutrality once fully operational.
As one of the world’s last hidden treasures, The Red Sea is home to some of the most diverse and unique natural environments. The destination is being developed over 28,000 km² of pristine land on Saudi Arabia’s west coast and features a vast archipelago of more than 90 islands, mountain canyons, dormant volcanoes and ancient heritage sites.
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) ofSaudi Arabia.
RSG is a global multi-project developer, seeking to lead the world towards a more sustainable future, showing how responsible and regenerative development can uplift communities, drive economies, and enhance the environment. The protection of natural capital is central to all development decisions, as the organization seeks to create abetter future for all.
A cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify its economy, RSG is playing a key role in transforming the nation, by creating exciting opportunities for young Saudi talent and the private sector, as it develops built assets and destinations across multiple sectors 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.