Red Sea Global (RSG) announced that Four Seasons Resort and Residences Red Sea at Shura Island will start receiving guests on Wednesday, May 20, 2026.
Developed in collaboration with Kingdom Holding Company (KHC), the development marks the first joint venture resort in RSG’s portfolio, in a major milestone for both companies.
Riyad Bank provided SAR 2 billion ($522 million) in debt financing for the SAR 2.6 billion resort, which was developed as a 50-50 joint venture between RSG and KHC, according to a press release.
Four Seasons Resort and Residences Red Sea at Shura Island offers a regenerative luxury escape along the coast of the Red Sea. It features 149 accommodations and 31 Resort Residences opening directly to the outdoors, in addition to a selection of world-class dining options, water sports, and children’s programs.
The resort operates in line with RSG’s regenerative tourism principles, completely depending on renewable energy and utilizing advanced water and waste management systems to minimize environmental impact and advance long-term conservation goals.
“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,” John Pagano, Group CEO at RSG, said.
“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,” he added.
This remarkable milestone follows a successful Ramadan season where the Red Sea Destination occupancy rates surged to 82% during the month’s final 10 days.
Expecting a spike in demand during Eid Al-Adha, RSG has added 32 additional flights to Red Sea International Airport (RSI) during the holiday period.
