Amaala
Type of projectTourism
LocationNorthwestern coast of the Red Sea
OwnerPublic Investment Fund
Established2018
Websitehttp://www.amaala.com

Amaala is a land and property megaproject currently[when?] in development in Saudi Arabia that is managed by Red Sea Global[1] and forms part of the Saudi Vision 2030 program.[2] Its name is derived from the Arabic word for "hope", and focuses on luxury tourism to attract visitors to the Red Sea coast. The project consists of three main developments: The Coastal Development, Amaala Island, and Triple Bay.[3]

The project is under the patronage of Prince Mohammed bin Salman. The Public Investment Fund (PIF) Development Management Organisation was established with Nicholas Naples, CEO.[4] Amaala, along with the other Red Sea projects, is expected to provide jobs to 35,000 individuals.[5] and planned to span over 3,800 km2.[6]

On 25 October 2022, it was announced that AMAALA and The Red Sea Development Co. (TRSDC) has been merged to form Red Sea Global (RSG).[7]

Phases

The first phase of the project is planned to be completed by the fourth quarter of 2020. The project is to be wholly accomplished by 2028.[6]

Facilities

References

  1. ^ Traveler, Elite (2022-10-26). "John Pagano Sets Out Vision for Red Sea Global". Elite Traveler. Retrieved 2023-02-21.
  2. ^ "Saudi Vision 2030". vision2030.gov.sa. Retrieved 2020-05-17.
  3. ^ "Saudi Arabia Unveils Plans To Create Massive Red Sea Wellness Destinations". Forbes. 2018-12-26. Retrieved 2019-06-10.
  4. ^ "PIF - Public Investment Fund". www.pif.gov.sa. Retrieved 2020-05-17.
  5. ^ "Amaala, Red Sea projects to 'generate 57,000 jobs'". Saudigazette. 2019-02-16. Retrieved 2019-05-31.
  6. ^ a b c "AMAALA". www.thebig5saudi.com. Archived from the original on 2020-08-14. Retrieved 2019-06-18.
  7. ^ "Saudi Arabia's Red Sea Project, AMAALA merge to form Red Sea Global". Arabian Business. 25 October 2022. Retrieved 25 October 2022.


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