As developer
Formed in November 2023 by merging The Red Sea Development Company, established 2018, with AMAALA. Owned by the Public Investment Fund. It holds 28,000 square kilometres of land and sea and will develop less than one per cent of it: 22 of more than ninety islands, nine of the rest designated conservation zones.
The authorship claim
Not the architecture — the ceiling. Carrying capacity was derived from a marine spatial planning simulation of the 2,081 km² Al-Wajh lagoon run with KAUST and published in Frontiers in Marine Science, and the caps follow from it: one million visitors a year at The Red Sea, 500,000 at AMAALA, 50 hotels and 8,000 keys. A developer that published its model and then limited itself below what its own acreage could support is doing something the industry has not done.
Candour
The cap is a policy, not a covenant, and the body that wrote it can revise it. Much of the destination is unbuilt: Shura Island opened in 2025 with eleven resorts and Desert Rock, Shebara and Nujuma are open, but completion is stated as 2030 and the Library does not write 2030 in the present tense. The marine spatial planning, the caps and the reef surveys are verifiable and ahead of peers; the political questions about the state that funds this are real, are not settled by that, and are not the Library’s to answer.
Holdings
What the register records this entity as holding, and in what capacity.