The Red Sea Development Company (TRSDC) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. TRSDC was established to drive the development of The Red Sea Project, an ultra-luxury tourism destination that will set new standards in sustainable development and position Saudi Arabia on the global tourism map.
The project will be developed over 28,000 km2 of pristine land on Saudi Arabia’s west coast and includes a vast archipelago of more than 90 pristine islands and lagoons. The destination also features mountain canyons, dormant volcanoes, desert vistas and ancient cultural and heritage sites. The first phase of the development is planned to open in 2022 and will include hotels, unique attractions, residential properties, a marina, leisure, commercial and entertainment amenities and all supporting infrastructure.
The Red Sea Project is the world’s most exciting and ambitious tourism and hospitality project: a new luxury destination being created in one of the world’s last natural hidden treasures on The Red Sea in Saudi Arabia.