Red Sea Global has announced the opening of Four Seasons Resort and Residences Red Sea, welcoming its first guests from May 20, marking a milestone in the development of Shura Island and the wider Red Sea destination.

The SAR 2.6 billion ($693 million) resort, developed through a 50-50 joint venture with Kingdom Holding Company, represents the first jointly developed property within Red Sea Global’s portfolio to enter operation.

The project was supported by SAR 2 billion in debt financing from Riyad Bank, highlighting strong institutional backing for Saudi Arabia’s expanding luxury tourism sector.

Located at the eastern tip of Shura Island, the resort features 149 guestrooms and suites alongside 31 residences, designed to open fully onto the surrounding Red Sea waters. Guests can access multiple dining concepts, including international and regional cuisine, as well as curated family-friendly amenities, children’s programmes, and water-based activities.

The resort operates under Red Sea Global’s regenerative tourism model, running entirely on renewable energy and supported by advanced water and waste management systems aimed at reducing environmental impact and supporting long-term ecological conservation.

The opening comes amid rising demand for The Red Sea destination, where occupancy reached 82% during the final days of Ramadan.

To support increased travel during Eid Al-Adha, Red Sea Global is adding 32 additional flights to Red Sea International Airport.

“With Four Seasons preparing to welcome guests, we are significantly scaling the capacity and offering of The Red Sea destination in time for one of the busiest travel periods in our calendar,” said John Pagano, Group CEO at Red Sea Global.

“Launching reservations for the first joint venture-developed resort in our portfolio is also an important commercial milestone for RSG, demonstrating the value of strategic partnerships, the strength of our investment proposition and reflecting growing market confidence in Saudi Arabia’s tourism sector.”

Sarmad Zok, CEO at Kingdom Hotel Investments, a subsidiary of KHC, said: “Kingdom Holding Company’s investment in Four Seasons Resort and Residences Red Sea at Shura Island reflects our continued commitment to deploying long-term capital into hospitality and tourism assets in alignment with Saudi Vision 2030. Alongside Red Sea Global, this landmark development demonstrates the strength of the destination proposition and the growing international appeal of Saudi Arabia’s luxury tourism market.

Greg Djerejian, Group Head of Investments and Group Chief Legal Officer at Red Sea Global, added: “The successful delivery of this resort sends a strong signal to the market about the quality of opportunities emerging across RSG’s portfolio and our ability to convert investor interest into operating assets, while reinforcing our reputation as a developer that delivers.” -TradeArabia News Service