Saudi Arabia’s Red Sea Global (RSG) is taking a leading role in supporting the delivery of the Kingdom’s Vision 2030 strategy by developing a world-class tourism industry, the company’s annual sustainability report revealed on Sunday.

RSG is the multi-project developer behind two of the world’s most ambitious regenerative tourism destinations - The Red Sea and Amaala.

The Red Sea - the RSG’s first flag-ship project - is on track to welcome its first guests in 2023, when the international airport and the first hotels are set to open. Amaala is expected to open to visitors after 2024.

Both are projected to contribute around $8.78 billion annually to the Kingdom’s economy on completion.

RSG’s projects also place enhancing the wellbeing of communities - including comprehensive training programs for the next generations of Saudi talent - at the forefront of its mission.

The report details the company’s key achievements over the past year and its commitment to transparency and accountability.

According to RSG, the company is continuing to develop innovative policies and strategies to facilitate its sustainability and regeneration commitments. These include the regulation of fisheries, removal of invasive species in the area, conservation zones, and the expansion of green and blue habitats to encourage regeneration and carbon sequestration.

The report said that RSG has invested heavily in innovative construction methods, such as off-site manufacturing, as well as in the use of sustainable products and materials, like green concrete.