Red Sea Global Secures $1.7B Credit to Accelerate Amaala Tourism Project

Описание: Red Sea Global Amaala credit facility Saudi Arabia tourism project green finance Islamic tranches local banks Riyad Bank Shura Island resorts opening 2025.
Discover how Red Sea Global, backed by Saudi Arabia's Public Investment Fund, has secured a SAR6.5 billion credit to fast-track the Amaala mega-resort development. This funding combines conventional and Islamic finance, aligning with their green framework for sustainable tourism.
Key highlights include Riyad Bank as sole underwriter, Saudi Investment Bank and Bank AlBilad as lead arrangers, and plans for Amaala to launch this year with over 1,400 hotel keys across eight luxury resorts. Attractions feature the Corallium Marine Life Institute and Amaala Yacht Club.
Learn about Red Sea Global's expansion beyond Saudi Arabia to Italy, and their track record of opening ultra-luxury resorts, including the upcoming Four Seasons on Shura Island.
Explore the future of giga-projects in the Middle East with this exclusive update on Red Sea Global's ambitious tourism initiatives.