Red Sea, Kingdom Holding sign SAR 2 bln joint project to develop, own Four Seasons Resort

Red Sea Global (RSG) and Kingdom Holding Co. (KHC) signed an investment deal valued at SAR 2 billion, for a joint project to develop and own the Four Seasons Resort - the Red Sea.

According to a RSG’s statement, the project is owned equally by the two companies, and is located on Shura Island, the main hub island at the Red Sea.

The project is expected to be opened at the beginning of 2025.

The resort will include 149 hotel units and suites, 31 residential properties, in addition to six restaurants, a bundle of outlets in the halls, spaces for meetings and events, a marine discovery center, and entertainment spaces for children.

The statement indicated that Shura Island will provide 11 resorts and residential properties, in addition to an 18-hole championship golf course, a marina with 118 berths, and an exceptional retail experience, in addition to diverse choices for dining and entertainment.

Source : Argaam