Responsible Development
Overview
At Red Sea Global, we are setting new standards in responsible development worldwide. That means delivering for employees, visitors, residents and communities, as well as protecting and enhancing our planet.
A Principled Approach
Power destinations by 100% renewable energy
Establish Marine Protected Area
Create 120,000 jobs
Grow more than 30 million plants by 2030
Deliver a 30% net conservation benefit by 2040 across our destinations
Support 10,000 graduates through our educational programs, 50% from the local community
People
Planet
With a 30% net conservation goal by 2040, we actively protect and enhance key habitats utilizing innovative technology and committing to 100% renewable energy to drive sustainable development on an unprecedented scale.
Governance
Our world-class governance framework ensures transparency and confidence, setting new standards in compliance, risk management, and accountability with a holistic approach embedded across all levels for responsible development.
Our team goes above and beyond to protect, enhance, and ensure a sustainable positive impact on our environment and the surrounding local communities and economy. We strive to make a ripple effect here at home and on the travel and luxury tourism industries around the world.
Corallium
was established in 2018 as a closed joint stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia to drive the development of The Red Sea Project, a regenerative tourism destination along Saudi Arabia’s west coast, and one of three giga-projects announced by HRH Crown Prince Mohammad bin Salman bin Abdulaziz Al-Saud in 2017.