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Red Sea Global signs MoU with the Saudi Ministry of Environment Water and Agriculture

Published

22 Oct 2020

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Red Sea Global signs MoU with the Saudi Ministry of Environment Water and Agriculture

Published

22 Oct 2020

Share

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.

“We’re going beyond the current expectations of sustainable tourism at RSG. To ensure that we are doing all we can to become standard-bearers in luxury ecotourism, we aim to be one of the first global destinations to demonstrate a regenerative tourism approach, We look forward to working with such an esteemed government body to ensure we protect, preserve and enhance our natural environment throughout our construction period and beyond,”
said Mr. Pagano.

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.

“We pride ourselves in offering a vast array of knowledge and expertise in sustainability to ensure all companies we work with are accredited to the highest standards. This collaboration with RSG will enable the company to continue its ambitious plans in conserving and enhancing the natural habitat,” 
said Dr. Fakiha.

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 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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