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Ashurst advises Al Mutlaq Group on joint venture with Red Sea Development Company for Red Sea Project miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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The Red Sea Development Company (TRSDC), the developer of Red Sea Project, has entered a SR1.5-billion ($400 million) joint venture with Almutlaq Group to develop a 159-key luxury resort at the ambitious regenerative tourism destination in Saudi Arabia. ....
RIYADH: The Red Sea Development Co. has signed a joint venture agreement worth SR1.5 billion ($400 million) with Almutlaq Real Estate Investment Co., a subsidiary of the Al Mutlaq Group. Under the agreement, the two companies will develop the Jumeirah Red Sea, a 159-key luxury resort situated on The Red Sea destination’s hub island, Shura, currently under construction and ....