Significant Progress Announced in Development of Saudi AMAALA Luxury Tourism Destination

Inspired by the purity of the Red Sea, AMAALA is redefining the coastal lifestyle with spaces designed for deep connection to nature, to self, and to community. (SPA)
Inspired by the purity of the Red Sea, AMAALA is redefining the coastal lifestyle with spaces designed for deep connection to nature, to self, and to community. (SPA)
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Significant Progress Announced in Development of Saudi AMAALA Luxury Tourism Destination

Inspired by the purity of the Red Sea, AMAALA is redefining the coastal lifestyle with spaces designed for deep connection to nature, to self, and to community. (SPA)
Inspired by the purity of the Red Sea, AMAALA is redefining the coastal lifestyle with spaces designed for deep connection to nature, to self, and to community. (SPA)

Saudi Arabia’s Red Sea Global (RSG), the developer behind the regenerative tourism destinations AMAALA and The Red Sea, said on Sunday it continues to make substantial progress in the ongoing development of AMAALA – a new luxury destination with wellness at its core, that empowers people to live longer, better lives.

Inspired by the purity of the Red Sea, AMAALA is redefining the coastal lifestyle with spaces designed for deep connection—to nature, to self, and to community. From medical and integrative wellness and sun-drenched adventure to world-class art and transformative events, AMAALA seamlessly integrates meaningful spaces for people and the planet to flourish, said RSG in a statement.

“We have achieved remarkable progress across every aspect of AMAALA, from our signature resorts and immersive experiences to essential utilities and infrastructure. Our unwavering focus is on infusing sustainability and regenerative principles into every facet of development,” said RSG Group CEO John Pagano.

“Once complete, AMAALA will present an extraordinary collection of assets and experiences that will elevate wellness, lifestyle, and human connection," he added.

To date, RSG has awarded over 600 contracts on AMAALA worth nearly SAR23 billion ($6.13bn) to world-leading partners. These partners share RSG's ambition to co-create luxury and wellness destinations that are developed in line with responsible development practices, prioritizing regenerative initiatives and collaboration with local communities.

As development advances, a number of key areas of AMAALA are moving toward completion, each one bringing the destination closer to welcoming guests.

At Triple Bay Marina Village, the Equinox Resort is now topped out, and concrete structure work on the Village Boutique Hotel's main building, condos and villas is nearing completion. This bustling hub will soon offer guests a haven of scenic boardwalks, waterfront restaurants, luxurious boutiques and well-known retailers, plus a vibrant year-round events program, all set against the breathtaking backdrop of the Red Sea.

At the Marina: flooding of the marina basin was complete at the end of 2023, and contracts for the floating pontoons and fixed decks have been awarded as RSG begins putting the final touches on this stunning central feature.

At AMAALA Yacht Club, all construction contracts have been awarded, concrete works are close to completion, and structural steel and MEP works have been started.

At Wellness Core, superstructures are present on 80% of the 220 buildings within this zone. Including world-leading wellness resorts such as Jayasom and Clinique La Prairie, guests here will discover an environment where they can focus on mental, physical, and energetic regeneration.

In another significant development, the Ministry of Health, earlier this year, approved the design of the AMAALA Hospital. The hospital will provide healthcare services for residents and visitors to the 4,200 km2 destination.

Once complete, AMAALA will feature close to 4,000 hotel rooms across 30 hotels as well as 1,200 luxury villas, apartments, and estate homes. It will also be supported by high-end retail, fine dining, wellness, and recreational facilities. AMAALA will be powered entirely by solar energy, saving the equivalent of nearly half a million tons of CO2 emissions every year.



Egypt Eager for New Investment Opportunities in Oil, Gas Sectors

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi meets with a delegation from Mubadala Energy led by CEO Mansoor Mohammed Al Hamed. (Asharq Al-Awsat)
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi meets with a delegation from Mubadala Energy led by CEO Mansoor Mohammed Al Hamed. (Asharq Al-Awsat)
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Egypt Eager for New Investment Opportunities in Oil, Gas Sectors

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi meets with a delegation from Mubadala Energy led by CEO Mansoor Mohammed Al Hamed. (Asharq Al-Awsat)
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi meets with a delegation from Mubadala Energy led by CEO Mansoor Mohammed Al Hamed. (Asharq Al-Awsat)

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi said on Saturday that Emirati investments in the energy, petroleum, and gas sectors are a key symbol of the distinguished cooperation between the two brotherly nations.

Mubadala Energy, an Emirati company, exemplifies serious collaboration and investment in Egypt, he added.

Badawi welcomed the expansion of Emirati investments in Egypt’s petroleum and mining sectors, especially as new investment opportunities were offered.

He made his remarks during a meeting with a delegation from Mubadala Energy, led by CEO Mansoor Mohammed Al Hamed, accompanied by Adnan Buftaim, Executive Vice President for Global Technical Operations, Zayed Al Mazrouei, head of Marketing and Refining, and Salma Al Hajri, Regional Vice President for the Eastern Mediterranean and North Africa.

The officials reviewed Mubadala’s activities in natural gas exploration in Egypt, highlighting the company’s participation in key areas in the Mediterranean Sea.

Mubadala holds a 10% stake in the Zohr gas field, 20% stake in the Noor gas field, and 27% stake in Block 4 in the Red Sea.

The meeting touched on the recent global bid for natural gas exploration in the Mediterranean and the Nile Delta, launched by the Egyptian Natural Gas Holding Company (EGAS) in 12 areas.

Mubadala expressed interest in the bid and reviewed the available information through Egypt Upstream Gateway (EUG).

Al Hamed underscored the promising opportunities for further expansion, especially given the excellent relations between Egypt and the UAE.

He noted that Mubadala’s partnerships in gas exploration and production in Egypt, alongside international companies, provide a solid foundation for future expansion in other regions.

He also stressed the importance of Mubadala’s involvement in the Arab Petroleum Pipelines Company “SUMED,” which stands as one of the most successful models of Arab cooperation.

He reaffirmed that open dialogue would continue, seeking new ideas for future collaboration.