great pride in – as do we ,” says Flourou . “ The economic implications of RSG ’ s venture echo the broader goals of Vision 2030 . Beyond diversifying the economy , RSG becomes a catalyst for economic growth , creating a ripple effect that extends to various sectors . The visionary approach adopted by RSG aligns with Vision 2030 ’ s ambition to transform Saudi Arabia into a global economic powerhouse .”
The company is constantly being challenged and encouraged to look at things differently , especially in terms of sustainability and construction .
“ For example , our overwater villas at Shebara Resort were prefabricated and bought in , which mitigates the environmental impact . Al Wajh Lagoon has 92 islands and RSG is only developing 22 , with nine designated as conservation areas .”
Red Sea Global takes a conservative view of where it builds , due to the unique local environment . When Pagano assumed the role of CEO , an island was going to be developed , but after a turtle ’ s nest was found on a boat trip there , Pagano and his team got back on the boat and left the island alone .
“ That ’ s the ethos that we continue to take in terms of our responsibility and our endeavour to make this a genuinely sustainable and regenerative project ,” says Flourou .
54 August 2024