Saudi Arabia Design and Construction Red Sea Global Project Opportunities

Currently focused on the luxury market, it encompasses hotels, residential properties, sporting and leisure activities, commercial amenities, and entertainment facilities. Integral to the project is the goal of “regenerative tourism”, preserving and improving the surrounding reef and desert ecosystems, through a focus on renewable energy, water conservation and re-use, and other sustainable technologies.

The project is overseen by the Red Sea Global Company (RSG) which was founded in 2018 as a closed joint-stock company fully owned by the Public Investment Fund (PIF). Valued at $17 billion, this tourism-focused masterplan spans approximately 28,000 square kilometers, including multiple sub-regions.

Expected to be completed by 2030 in two phases, the project will feature 50 resorts offering 8,000 hotel rooms, over 1,000 residential properties across 22 island resorts, mountain retreats, and desert hideaways, as well as luxury marinas and golf courses.

Phase 1 of the project has primarily concentrated on resort development across select islands, as well as construction of road infrastructure, utilities, plant nurseries, and labor accommodations.

Over the next five years, approximately $11.4 billion worth of planned and unawarded projects are anticipated to be tendered as part of Phases 1 and 2.

Opportunities abound across the two phases of development, encompassing commercial components from construction, project management, hospitality, residential, retail, and entertainment to utility infrastructure, power generation, transportation, and other hard infrastructure.

The project presents substantial opportunities for U.S. companies across various related sectors.

U.S. companies interested in becoming Red Sea Global suppliers must register in its Procurement Portal: Vendor Registration

U.S. Foreign Commercial Service in Saudi Arabia will organize an infrastructure working group to showcase U.S. companies in related sectors and facilitate connections to this and other opportunities in Saudi Arabia.

For more information, please contact Anwar Shaqhan, Senior Commercial Specialist at Anwar.Shaqhan@trade.gov