TRSDC Rebrands to Red Sea Global

The Red Sea Development Co., known as TRSDC, has rebranded to Red Sea Global, the company announced during the Future Investment Initiative (also called Davos in the desert) in Riyadh on Oct. 25.

RSG is the parent company of the so called Red Sea Project, a luxury tourist destination to be developed near NEOM, the future smart city in the northwest of Saudi Arabia.

The Red Sea destination is expected to welcome its first visitors in early 2023, and RSG’s mandate has expanded to oversee upwards of a dozen projects stretching the length of the Red Sea coast of Saudi Arabia, with the potential to expand beyond the Kingdom in the future.

The announcement today marks the start of our evolution into a truly global developer that can lead the category toward a new archetype for development,

said RSG's group CEO John Pagano.