In a major move to advance Saudi Arabia’s position as a global tourism hub, Red Sea Global (RSG) has entered into a landmark partnership with stc Group to invest approximately $320 million in next-generation digital infrastructure. This strategic collaboration is set to digitally transform RSG’s luxury resorts, directly supporting the technology-driven development goals of the Kingdom’s Vision 2030.
A Landmark Investment For Vision 2030
The partnership will deploy cutting-edge technology to create seamless, intelligent, and sustainable tourism experiences. It represents a significant commitment from both entities to redefine the future of hospitality in the Kingdom.
Ahmad Darwish, Group Chief Administrative Officer at Red Sea Global, commented on the deal, stating, “This $320 million investment with stc represents a major milestone in our journey, enabling us to embed world-class digital infrastructure into our destinations. It is a testament to the strength of our collaboration and our joint commitment to realising Saudi Vision 2030 through transformative projects.”
Echoing this sentiment, Riyadh Muawad, stc Group’s Chief Business Officer, said, “This collaboration reflects our unwavering commitment to technological excellence and reaffirms stc Group’s role as a key enabler of digital transformation in support of landmark projects aligned with Saudi Vision 2030.”
Building The Digital Foundation For Smart Tourism
The investment will fund a comprehensive upgrade of digital services across Red Sea Global’s portfolio. The agreement includes the implementation of AI-driven services, cloud computing, digital twin technology, and advanced analytics to enable smart resort operations. Enhanced cybersecurity and a scalable infrastructure will ensure the destinations remain future-ready, providing world-class connectivity and an elevated, personalized experience for every guest.
About Red Sea Global
Red Sea Global (RSG) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. It is a world leader in regenerative development, dedicated to creating ambitious tourism destinations that prioritize environmental sustainability and enhance the well-being of local communities. Its portfolio includes luxury resorts and destinations along the Red Sea coast.
About stc Group
stc Group is a leading digital enabler in the Middle East and North Africa, providing innovative services and platforms to its customers. The group offers a variety of ICT solutions and digital services in several fields, including telecommunication, IT, financial technology, digital media, cybersecurity, and other advanced digital solutions, playing a key role in the region’s digital transformation.
Source: Fast Company Middle East
