The Red Sea Development Company
Red Sea Global is a Saudi state-owned developer building three luxury regenerative tourism destinations on the Kingdom's west coast, comprising 35+ resorts, 90+ experiences, and branded residential collections, serving ultra-high-net-worth buyers and luxury travelers under Vision 2030.
- Company typePrivate
- Founded2018
- HeadquartersRiyadh, Saudi Arabia
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What The Red Sea Development Company does
Red Sea Global (legally The Red Sea Development Company) is a Saudi Arabian state-owned multi-project developer established in 2018 to execute the Kingdom's Vision 2030 luxury tourism programme. The company develops and operates three giga-project destinations along Saudi Arabia's west coast: The Red Sea (20+ resorts and 50+ experiences), AMAALA (15+ resorts and 40+ experiences focused on wellness), and Thuwal (a private retreat). It targets ultra-high-net-worth residential buyers, luxury travelers, and institutional investors through a vertically integrated model that spans design, development, operations, and environmental stewardship.
The portfolio comprises branded luxury hospitality (Shebara Resort, Desert Rock, Six Senses, Four Seasons, InterContinental, SLS, Nujuma Ritz-Carlton Reserve, St. Regis, EDITION), residential collections (Shura Island, Laheq, Ummhat, Red Sea Residences, AMAALA Residences, plus branded residences with Clinique La Prairie, Nammos, and Rosewood), leisure facilities (Shura Links Golf Club, ADRENA entertainment district, Triple Bay Marina, AMAALA Yacht Club, Corallium marine institute), and enabling infrastructure (Red Sea International Airport, Turtle Bay Village). The company operates 28+ wholly-owned subsidiaries across security, facilities management, fire & rescue, supply chain, utilities, coastal contracting, mobility, aviation (Fly Red Sea), sports & entertainment, regenerative tourism, reef conservation, and botanica services.
The business generates revenue through three primary streams: real estate development (one-time sales of luxury residential properties), hospitality operations (managed services across owned and partner-branded resorts), and tourism experiences (transaction-based leisure, entertainment, and sports activities). Pricing is quote-based at the premium luxury tier and not publicly disclosed. The company is fully funded by Saudi sovereign capital, with selected co-investment from strategic partners such as Kingdom Holding Company on flagship projects including the €590 million Four Seasons Resort & Residences Red Sea at Shura Island. Red Sea Global has secured multiple sustainability credentials, including Saudi Arabia's first LEED Platinum airport, multiple LEED Platinum facilities, the country's first EarthCheck Sustainable Destinations certification, and its first Forbes Travel Guide Verified Destination designation.
The Red Sea Development Company firmographics
Firmographics- Name
- The Red Sea Development Company
- Legal name
- Red Sea Global
- Website
- https://theredsea.sa
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Red Sea Global is a Saudi state-owned developer building three luxury regenerative tourism destinations on the Kingdom's west coast, comprising 35+ resorts, 90+ experiences, and branded residential collections, serving ultra-high-net-worth buyers and luxury travelers under Vision 2030.
- Ownership category
- akta.pro rank
The Red Sea Development Company industry classification
Industry- Product category
- Luxury Tourism Development
- NAICS
- Tour Operators (561520)
- akta.pro primary industry
- Beachfront & Island Luxury Resorts (THAGACAA)
- akta.pro secondary industries
- Luxury Eco-Resorts (THAGACAK), Luxury Beachfront & Waterfront Villas (THAMAEAE), Island, Beach & Resort Travel Agencies (THAKAFAL)
Keywords
Where The Red Sea Development Company is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices3 records
Markets served
The Red Sea Development Company business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Development: Sale of luxury residential properties including villas, residences at Shura Island, Laheq Residences, Ummhat Island Residences, and branded residential projects such as Clinique La Prairie Residences, Nammos Residences, and Rosewood Residences.
- Hospitality Operations: Operation of luxury resorts and hotels across The Red Sea and AMAALA destinations including Shebara Resort, Desert Rock, Six Senses, Nujuma Ritz-Carlton Reserve, SLS, InterContinental, and Four Seasons.
- Tourism Experiences: Revenue from leisure, entertainment, and sports eco-tourism experiences including Shura Links Golf Club, Adrena adventure district, AMAALA Yacht Club, Triple Bay Marina, and Corallium marine life institute.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Luxury residential and resort properties |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
The Red Sea Development Company product offering
Product offeringCore offering
The Red Sea Development Company (now operating as Red Sea Global) develops and operates luxury regenerative tourism destinations along Saudi Arabia's west coast, including The Red Sea, AMAALA, and Thuwal. The company sells luxury residential properties (branded and unbranded villas and residences) and operates premium hospitality resorts in partnership with international hotel brands, supported by 28+ integrated subsidiaries covering security, facilities management, logistics, utilities, hospitality operations, and environmental regeneration.
Product overview
Red Sea Global (formerly The Red Sea Development Company) operates as a multi-project developer with a vertically integrated model spanning design, development, operation, and enablement across three major destinations: The Red Sea (20+ resorts, 50+ experiences), AMAALA (15+ resorts, 40+ experiences focused on wellness), and Thuwal (private island retreat). The portfolio includes branded hospitality properties (Shebara Resort, Desert Rock, Six Senses, Four Seasons, InterContinental, SLS, Ritz-Carlton Reserve, St. Regis, EDITION), residential collections (Shura Island Residences, Laheq Residences, Ummhat Island Residences, Red Sea Residences, AMAALA Residences, Clinique La Prairie, Nammos, Rosewood), leisure facilities (Shura Links Golf Club, Adrena entertainment district, Triple Bay Marina, AMAALA Yacht Club, Corallium marine institute), and infrastructure (Red Sea International Airport, Turtle Bay Village). The company supports operations through 28+ subsidiaries including hospitality management, security, facilities management, fire & rescue, supply chain, utilities, coastal contracting, mobility, aviation (Fly Red Sea), sports & entertainment, regenerative tourism, reef restoration (Reef), and botanica services, alongside education programs (Vocational Training, Hospitality Pioneers, Scholarships, Elite Graduate, English for Tourism). The company positions itself as a regenerative tourism developer focused on sustainability and environmental stewardship.
Differentiator
Problem solved
Functional benefit
Brands
- The Red Sea: World's most ambitious regenerative tourism destination on Saudi Arabia's west coast with 20+ resorts and 50+ experiences
- AMAALA
- Thuwal
- Red Sea Residences
- ADRENA
- Shebara Resort
Quantifiable outcome
- Saudi Arabia's first LEED Platinum airport (Red Sea International Airport) and one of only five globally
- +5 more outcomes
Companies that use The Red Sea Development Company
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
The Red Sea Development Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Red Sea Development Company partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and major.
- Kingdom Holding CompanycoreJoint venture partnership with Kingdom Holding Company for the €590 million Four Seasons Resort & Residences Red Sea development at Shura Island. Represents a flagship luxury hotel and residential project as part of The Red Sea destination development.
- Four Seasons Hotels and ResortscoreLuxury hotel brand operating Four Seasons Resort & Residences Red Sea at Shura Island - €590 million development with 150+ rooms and branded residences.
- Foster + PartnerscoreLead architectural firm responsible for multiple designs across The Red Sea and AMAALA including Red Sea International Airport, ultra-luxury resorts, residential island, and Corallium marine life institute. Lord Norman Foster's influence visible across 10+ operational and upcoming projects.
- Killa DesigncoreArchitectural firm behind Shebara Resort - named Prix Versailles World's Most Beautiful Hotels List 2025 with special prize for best exterior.
- InterContinental Hotels GroupmajorInterContinental Red Sea resort on Shura Island featuring 210 rooms inspired by the sea - one of 11 distinct hotels on the island.
- Six Senses Hotels & SpasmajorSix Senses resort at The Red Sea and Six Senses Southern Dunes featured in Forbes Travel Guide Star Awards 2026. Also Six Senses AMAALA wellness resort.
- Ritz-Carlton (Nujuma)majorNujuma, a Ritz-Carlton Reserve private island resort at The Red Sea - among world's most private island settings with design excellence and regenerative approach. Cristiano Ronaldo purchased residence here.
- EDITION HotelsmajorThe Red Sea EDITION named on Condé Nast Traveler's 2026 Hot List - luxury boutique hotel brand.
- SLS Hotels (Edmonds Duncan)majorSLS The Red Sea on Shura Island - brand's first hotel in Saudi Arabia with 150 rooms, suites, and villas featuring dining, wellness, and entertainment.
- St. Regis Hotels & ResortsmajorThe St. Regis Red Sea resort featured in Forbes Travel Guide Star Awards 2026.
- Clinique La PrairiemajorClinique La Prairie Residences at AMAALA - branded wellness-focused residential development.
- Rosewood Hotels & ResortsmajorRosewood Residences & Iconic Villa at AMAALA - luxury branded residential offering.
- NammosmajorNammos Village brand with Nammos Residences and Nammos Resort at AMAALA - Mediterranean-inspired luxury beach club concept.
- EarthCheckcoreSustainable destinations certification body that certified The Red Sea as first destination in Saudi Arabia to achieve EarthCheck Sustainable Destinations certification.
- Forbes Travel GuidecoreLuxury travel rating organization that verified The Red Sea as first Forbes Travel Guide Verified Destination in Saudi Arabia.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
The Red Sea Development Company competitors and assessment
Company assessmentDirect peers
- Qiddiya Investment Company: Qiddiya is a PIF-owned Saudi giga-project developing an entertainment, sports, and cultural destination near Riyadh. Directly comparable as a sovereign-backed Vision 2030 destination developer targeting tourism and leisure demand, with similar capital structure and development pipeline.
- Aman Resorts: Aman operates ultra-luxury resorts and branded residences in remote, nature-immersive destinations worldwide. Directly comparable as a luxury resort developer emphasizing exclusivity, design excellence, and destination-driven experiences targeting the same UHNW customer base.
- Kerzner International (Atlantis, One&Only): Kerzner operates ultra-luxury resort brands including Atlantis The Royal (Dubai) and One&Only resorts globally. Directly comparable as a luxury beachfront/island resort developer and operator targeting the same UHNW guest segment with similar brand-driven pricing models.
- NEOM: NEOM is Saudi Arabia's flagship giga-project developing futuristic mega-destinations including luxury coastal and island tourism components (Sindalah, Trojena). Directly comparable as a sovereign-backed multi-destination developer under Vision 2030 with comparable capital intensity, regulatory moat, and execution scope.
- Miral: Miral is Abu Dhabi's tourism and entertainment destination developer behind Yas Island (Ferrari World, Yas Waterworld, Warner Bros. World) and Saadiyat Island. Directly comparable as a state-backed destination developer building integrated luxury hospitality, leisure, and entertainment ecosystems.
- Diriyah Company: Diriyah Company is developing the Diriyah giga-project—a heritage, cultural, and luxury hospitality destination near Riyadh—under PIF ownership. Directly comparable as a Vision 2030 sovereign-backed developer of luxury hospitality, branded residences, and destination experiences at mega-scale.
Regional players
- Aldar Properties: Aldar is a leading Abu Dhabi-based real estate developer with significant hospitality and destination assets (Yas Island, Saadiyat, Alghadeer). Comparable as a regional Gulf luxury real estate and hospitality developer, though more diversified across residential and commercial real estate.
- Emaar Hospitality: Emaar Hospitality Group operates Address Hotels + Resorts and the Armani hotel network in the UAE, embedded within Dubai's master-planned destinations (Downtown Dubai, Dubai Marina). Comparable as a regional luxury hospitality developer tied to large-scale master-planned destinations.
- Majid Al Futtaim (MAG of Life): Majid Al Futtaim develops and operates integrated retail, leisure, and hospitality destinations across the MENA region, including luxury hotels (RIXOS, Kempinski) and shopping resorts. Comparable as a regional destination developer creating integrated hospitality and lifestyle ecosystems.
Others
- Kingdom Holding Company: Kingdom Holding is the Saudi conglomerate that co-invested €590M with Red Sea Global in the Four Seasons Shura Island project. Directly comparable as a partner/coinvestor in Saudi luxury hospitality, with parallel exposure to Kingdom Tower, Four Seasons, and other Saudi luxury assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Red Sea Development Company social profiles
Digital presenceThe Red Sea Development Company compliance and trust
Trust signalCompliance7 records
The Red Sea Development Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Red Sea Development Company leadership team
Management profileNumber of profiles
Profiles1 record
The Red Sea Development Company subsidiaries and ownership
Company hierarchySubsidiaries13 records
The Red Sea Development Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Red Sea Development Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Red Sea Development Company
What does The Red Sea Development Company do?
The Red Sea Development Company (now operating as Red Sea Global) develops and operates luxury regenerative tourism destinations along Saudi Arabia's west coast, including The Red Sea, AMAALA, and Thuwal. The company sells luxury residential properties (branded and unbranded villas and residences) and operates premium hospitality resorts in partnership with international hotel brands, supported by 28+ integrated subsidiaries covering security, facilities management, logistics, utilities, hospitality operations, and environmental regeneration.
Is The Red Sea Development Company a public or private company?
The Red Sea Development Company is a private company. It is classified as state government owned and is currently operating.
When was The Red Sea Development Company founded?
The Red Sea Development Company was founded in 2018. It employs 501 to 1,000 people.
Where is The Red Sea Development Company based?
The Red Sea Development Company is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does The Red Sea Development Company make money?
Three revenue lines are on record. Real Estate Development is the primary driver. The others are hospitality Operations and tourism Experiences.
Who are The Red Sea Development Company's main competitors?
Direct peers on record are Qiddiya Investment Company, Aman Resorts, Kerzner International (Atlantis, One&Only), NEOM, Miral and Diriyah Company. Regional players are Aldar Properties, Emaar Hospitality and Majid Al Futtaim (MAG of Life). Kingdom Holding Company is listed as an others.
Does The Red Sea Development Company have an API?
No public API is recorded for The Red Sea Development Company.
What industry is The Red Sea Development Company in?
The Red Sea Development Company's product category is Luxury Tourism Development. Its primary akta.pro industry code is THAGACAA, Beachfront & Island Luxury Resorts, with a secondary code of THAGACAK, Luxury Eco-Resorts. Its NAICS code is 561520.