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Red Sea Global is on track to open 11 new resorts and the ambitious AMAALA destination by early next year.
The Suadi Boom
July 12, 2025
YOUR WEEKLY ROUNDUP
In case you missed this weeks latest developments in the growth of Saudi Arabia we’ve compiled the best articles for you.
In Today’s Edition:
Red Sea Global on Track to Open 11 New Resorts and AMAALA by Early Next Year
IHG Hotels Signs Deal to Open Dual Branded Hotels at King Abdullah Sports City Jeddah
Korea’s HanmiGlobal Secures $18.3 Million Contract for High Rise Project in Makkah
Riyadh Monopoly Board Game Unveiled to Celebrate Riyadh’s Culture and Landmarks
RED SEA GLOBAL
✨Red Sea Global on Track to Open 11 New Resorts and AMAALA by Early Next Year
Red Sea Global is on track to open 11 new resorts and the ambitious AMAALA destination by early next year, marking a significant expansion of Saudi Arabia's luxury tourism offerings.
Key Takeaways:
Red Sea Global plans to open 11 new resorts and the AMAALA destination by early next year, bringing the total number of resorts to 25.
This initiative is projected to attract 1.5 million visitors annually, create 120,000 jobs, and contribute over $3 billion annually.
AMAALA, an ultra-luxury wellness destination on the northwestern coast, will see its first phase (Triple Bay masterplan) open in 2025 with 8 resorts.
Red Sea Global is rapidly expanding Saudi Arabia's luxury tourism landscape with the impending opening of 11 new resorts and the AMAALA destination. Read more
HOSPITALITY
✨IHG Hotels Signs Deal to Open Dual Branded Hotels at King Abdullah Sports City Jeddah
IHG Hotels & Resorts has partnered with Koushan Real Estate to develop dual-branded Kimpton and Even Hotels at King Abdullah Sports City (KASC) in Jeddah, set to open by 2028.
Key Takeaways:
IHG will open two hotels under its Kimpton and Even Hotels brands at King Abdullah Sports City in Jeddah.
The hotels are expected to open by 2028.
This development supports Saudi Arabia's Vision 2030 goals to enhance tourism and sports infrastructure, particularly in preparation for the 2034 FIFA World Cup.
HG Hotels & Resorts' new dual-branded development at King Abdullah Sports City in Jeddah represents a significant investment in Saudi Arabia's hospitality and sports tourism sectors. Read more
COMPANIES
✨ Korea’s HanmiGlobal Secures $18.3 Million Contract for High Rise Project in Makkah
South Korea's project management firm, HanmiGlobal, has secured an $18.3 million contract for a major high-rise mixed-use project in Makkah, Saudi Arabia.
Key Takeaways:
HanmiGlobal secured an $18.3 million (approximately 25 billion won) contract.
The high-rise mixed-use complex is strategically located directly opposite Al Masjid Al Haram in Makkah.
The development will feature residential towers, retail spaces, commercial facilities, prayer rooms, parking lots, and other essential amenities.
HanmiGlobal's $18.3 million contract for a high-rise mixed-use project in Makkah marks a significant development for Saudi Arabia's construction and project management sector. Read more
TRAVEL
✨ Riyadh Monopoly Board Game Unveiled to Celebrate Riyadh’s Culture and Landmarks
The first-ever custom Monopoly edition for Saudi Arabia, "Riyadh Monopoly," has been unveiled, celebrating the city's rich culture and iconic landmarks.
Key Takeaways:
Riyadh Monopoly is the first custom Monopoly board game specifically for Saudi Arabia.
The game was officially launched on June 26, 2025, at the KAFD Conference Centre.
Riyadh Monopoly is set to be released in September 2025.
The launch of Riyadh Monopoly is a unique initiative celebrating the vibrant culture and rapid development of Saudi Arabia's capital. Read more
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