Red Sea Global is a closed joint-stock company wholly owned by Saudi Arabia's Public Investment Fund, established to spearhead massive regenerative tourism projects along the nation's western coast. As a key component of Vision 2030, the company oversees the development of ultra-luxury sustainable destinations like The Red Sea and Amaala, integrating environmental preservation, 100 percent renewable energy usage, and high-end hospitality to diversify the national economy away from oil dependency.