Estithmar Holding subsidiary, Elegancia Arabia Trading Company, has been awarded the MEP package works for the Prestigious Central Hotel (430 Room Keys) on Shura island, and two hotels on the East side of the island (150 and 180 Room keys).
The three resorts are part of the 11 underway on the main hub island of The Red Sea destination under development in Saudi Arabia, Estithmar wrote in a statement.
The development already holds the LEED Platinum Rating and features a built-up area of 88,269 square metres, marking this one of the largest developments in the kingdom and a flag bearer for regenerative tourism worldwide, the statement from Estithmar noted.
The Red Sea is the first tourism project of its type, size, and magnitude, to be designed and build off-grid, solely powered by renewable solar energy in line with the stringent responsible commitments of Red Sea Global.
Red Sea Global continues to set new standards as it contributes to the Kingdom’s focus on sustainability, evident in the work of the Saudi Green Initiative and in-built into the goals of Vision 2030.
The ongoing construction works, underpinned by a regenerative approach to tourism development, are a critical part of building the Red Sea Global legacy and supporting the delivery of the Saudi Vision.
The awarding of this project marks a major milestone for the expansion of Estithmar Holding in Saudi Arabia.