Four Seasons Resort and Residences Red Sea at Shura Island has opened its doors, marking the first joint venture-developed resort in Red Sea Global’s (RSG) portfolio to enter the market.
Developed in partnership with Kingdom Holding Company (KHC), the launch represents a shared milestone for both organisations and marks a new phase in RSG’s development model, highlighting the growing role of institutional and private sector partnerships in scaling Saudi Arabia’s luxury tourism sector.
Four Seasons Resort and Residences Red Sea at Shura Island presents a serene sanctuary at the secluded eastern tip of the island, blending regenerative luxury, anticipatory service and experiences for the entire family.
The resort is surrounded by crystal-clear waters on three sides and features 149 accommodations and 31 Resort Residences that open fully to the outdoors.
Guests can enjoy a selection of dining options ranging from all day dining and plant forward specialties at Sea Green, Levantine cuisine at Al Forn, to al fresco Italian fare at Spiaggia Restaurant and Pool.
The resort operates in line with RSG’s regenerative tourism principles, powered entirely by renewable energy and supported by advanced water and waste management systems designed to minimise environmental impact while contributing to long-term conservation goals.
On the eve of the hotel’s opening, John Pagano, Group CEO at RSG commented: “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.
“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.”
The SAR 2.6 billion resort was developed through a 50-50 joint venture between RSG and KHC, with SAR 2 billion ($522 million) debt financing provided by Riyad Bank.
Sarmad Zok, CEO at Kingdom Hotel Investments, a subsidiary of KHC, says: “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, adds: “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.”
Four Seasons Resort and Residences Red Sea at Shura Island joins 11 other hotels open at The Red Sea, with six additional resorts scheduled to open on Shura Island in the coming months.
