Red sea: Red Sea Global announced that Four Seasons Resort and Residences Red Sea at Shura Island at The Red Sea destination will begin welcoming guests starting Wednesday, May 20, marking the commercial launch of the first resort developed through a joint venture within the company's portfolio.

According to Saudi Press Agency, the resort represents an investment of SAR2.6 billion and was developed through an equal partnership between Red Sea Global and Kingdom Holding Company, while Riyad Bank provided debt financing worth SAR2 billion ($522 million).

The resort operates according to regenerative tourism principles, relying entirely on renewable energy and is supported by advanced water and waste management systems designed to reduce environmental impact and strengthen long-term conservation goals.

This milestone comes as Red Sea Global continues expanding hospitality and aviation capacity at The Red Sea destination. Occupancy rates reached 82% during the final 10 days of last Ramadan, with demand expected to rise ahead of Eid Al-Adha. To support this growth, the company is adding 32 additional flights to Red Sea International Airport (RSI) during the holiday period.