Construction on a multi-billion dollar solar-powered resort in Saudi Arabia has recently reached a significant 'milestone,' as announced by Red Sea Global (RSG), a firm owned by the country's Public Investment Fund (PIF). With over $6.13 billion worth of contracts awarded for the Amaala resort along the country's coast, key features of the luxury destination are set to be open by 2025.
Amaala's Progress Update
The 4,200 square kilometer (1622 square mile) resort, entirely powered by solar energy, will save nearly half a million tons of carbon dioxide emissions annually. The Equinox Resort in the Triple Bay Marina Village has topped out, with hotels, condos, and villas nearing completion. The marina basin flooding is completed, and marina basin flooding is completed, with final touches underway.
Development Highlights
Contracts for the yacht club and two key hotels are already awarded, with major brands like Four Seasons, Rosewood, and Six Senses ready to open in 2025. Progress is visible in works towards internal roads, power, water, irrigation, and communications infrastructure.
Sustainability and Growth
Over $6 billion contracts have been awarded, with sustainability at the forefront of development efforts. Three million plants and trees are set to be planted by the year's end. The resort plans to feature nearly 4,000 hotel rooms, 1,200 luxury villas, apartments, and estate homes.
Future Developments
Plans for the hospital have been approved, with a focus on sustainable and regenerative principles. Red Sea Global CEO, John Pagano, highlights progress across all aspects of Amaala.
Contacted for further comments, Red Sea Global continues to drive sustainability and growth in the region. Meanwhile, Saudi Arabia gears up for a $25 billion metro megaproject, set to revolutionize public transport in the country. The King Abdulaziz Project for Riyadh Public Transport aims to transport millions daily through a vast network of metro lines and bus routes, with operations set to begin later this year.