A vibrant society, displaying traits such as national pride, community strength, a widening of opportunities for all and an empowering social and health care system.
An effective, transparent, accountable, enabling and high-performing government which will nurture the right environment for citizens, and both private and non-profit sectors.
A thriving diversified economy providing opportunities through an improved education system, vibrant business and entrepreneurial communities. This includes improving and sometimes privatizing services, attracting global talent and investment and leveraging Saudi Arabia’s unique strategic location to connect Europe, Asia and Africa.
The Red Sea Development Company was established in 2018 as a closed joint stock company wholly owned by the Public Investment Fund of Saudi Arabia to spearhead development of The Red Sea Project, one of three giga-projects announced by HRH Crown Prince Mohammad bin Salman bin Abdulaziz Al-Saud in 2017.
Collectively, the giga-projects will open new areas of economic activity, create jobs, cultivate entrepreneurial activity and drive economic development in line with the objectives of Vision 2030. By completion, the Red Sea Project will directly employ around 35,000 people and support an equivalent number of jobs in the wider community by creating opportunities for local businesses, entrepreneurs and supporting industries.