Amaala
| Amaala | |
|---|---|
| Type of project | Tourism |
| Location | Northwestern coast of the Red Sea |
| Owner | Public Investment Fund |
| Established | 2018 |
| Website | http://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
- 2,500 hotel rooms
- 200 retail shops, art exhibitions and marinas
- 700 villas[6]
- A state-of-the-art Marine Life Institute
References
- ^ Traveler, Elite (2022-10-26). "John Pagano Sets Out Vision for Red Sea Global". Elite Traveler. Retrieved 2023-02-21.
- ^ "Saudi Vision 2030". vision2030.gov.sa. Retrieved 2020-05-17.
- ^ "Saudi Arabia Unveils Plans To Create Massive Red Sea Wellness Destinations". Forbes. 2018-12-26. Retrieved 2019-06-10.
- ^ "PIF - Public Investment Fund". www.pif.gov.sa. Retrieved 2020-05-17.
- ^ "Amaala, Red Sea projects to 'generate 57,000 jobs'". Saudigazette. 2019-02-16. Retrieved 2019-05-31.
- ^ a b c "AMAALA". www.thebig5saudi.com. Archived from the original on 2020-08-14. Retrieved 2019-06-18.
- ^ "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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