Upon opening, the first phase of the development will eventually include 16 hotels, totalling 3,000 hotel keys.
The multi-billion dollar Red Sea Project plans to begin welcoming guests at the end of 2022, with as many as five hotels open by the end of the year, according to John Pagano, the CEO of the Red Sea Development Company.
In an exclusive interview with Arabian Business, Pagano said that the first phase of the development will eventually include 16 hotels, totalling 3,000 hotel keys across five islands and two inland locations. The first phase will also include entertainment facilities, an airport, and the wider infrastructure needed to support a significant number of staff members and an influx of tourists.
“We’ll be welcoming our first guest at the end of 2022. That’s what’s on the horizon. We’re working towards opening the resort,” Pagano said. “Not the full 16 hotels, but probably five by the end of 2022. The balance will open in 2023. We’ve already committed SAR 5.3 billion ($1.41 billion) of signed contracts that we are executing on site,” Pagano added.
