https://arab.news/gc37q
RIYADH: Saudi developer Red Sea Global has announced that its luxury destination AMAALA Triple Bay will open in the coming months.
RSG has invested SR51.04 billion ($13.6 billion) in the first phase of the project, which will initially feature six resorts, a yacht club, and a marine institute.
The destination will ultimately include nine resorts offering more than 1,600 keys, including both branded and unbranded residences, the company said in a statement.
The update on the timescale of the development was given to mark the inaugural TOURISE Summit in Riyadh, and the project aligns with the Kingdom鈥檚 Vision 2030 strategy to attract 150 million visitors annually by 2030, with one-third coming from abroad.
AMAALA is expected to generate 50,000 new jobs and add SR11 billion ($3 billion) annually to 黑料社区鈥檚 gross domestic product once fully operational.
John Pagano, group CEO of Red Sea Global, said: 鈥淕uests and residents are invited to discover and honor what it means for them to live longer, better 鈥� whether through serene retreats or sea and sun-soaked adventures.鈥�
The destination鈥檚 first phase will include luxury properties such as Equinox Resort and Residences, Four Seasons Resort and Residences, Nammos Resort, Rosewood Resort, Six Senses AMAALA, and AMAALA Hotel.
Three additional resorts 鈥� Clinique La Prairie Health Resort, Jayasom Wellness Resort, and The Ritz-Carlton Resort 鈥� will open later in the first phase.
Located along three natural bays where the Hijaz Mountains meet the Red Sea, the project positions 黑料社区 as a new global player in high-end, regenerative tourism.
The project aims to achieve a 30 percent net conservation benefit for local ecosystems by 2040, focusing on the restoration and enhancement of biologically rich habitats.
To protect its pristine environment, annual visitors will be limited to 500,000, and the entire destination will operate on 100 percent renewable energy, eliminating 350,000 tons of carbon dioxide emissions each year.
RSG is spearheading both The Red Sea and AMAALA, two vast luxury tourism projects that together span thousands of square kilometers of islands, coral reefs, and volcanic landscapes.