Saudi Arabia's Red Sea Global Unveils Laheq Island – Its First 'Residential-Focused Luxury Destination'
Scheduled to open in 2028, it will be the first RSG project focused primarily on permanent, resort-style living rather than hospitality alone.
Located off Saudi Arabia's western coast, Laheq will feature private residences, two high-end hotels, a 115-berth marina, and a range of premium amenities, including a golf course, beach clubs, sports facilities, and wellness centres. The island will also include a traditional souq and dining venues designed to create a vibrant, self-contained coastal community.
Laheq will operate entirely on renewable energy and contribute to broader ecological goals such as mangrove planting and coral reef regeneration, as with all Red Sea developments. Red Sea Residences, a dedicated entity under the RSG umbrella, will manage the island.
When fully completed in 2030, The Red Sea project is expected to include 50 resorts and more than 1,000 residential properties. Red Sea Residences, a dedicated entity under the RSG umbrella, will operate Laheq Island.
Designed by Foster + Partners, the island's master plan centres around 'The Ring,' an 800-meter circular structure surrounding a lagoon, which will house apartments, hotels, and retail spaces. The concept follows the theme of a 'Forever Garden' theme, prioritizing lush landscaping and integration with nature.
RSG Group CEO John Pagano said the project reflects the company's shift toward integrated communities that align with Saudi Arabia's Vision 2030 goals of improving quality of life and attracting long-term investment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Insider
14 hours ago
- Gulf Insider
Saudi Arabia: Riyadh To Host 3rd World Defense Show In February 2026
Under the patronage of Custodian of the Two Holy Mosques King Salman, the General Authority for Military Industries (GAMI) will host the third edition of the World Defense Show (WDS) in Riyadh in February 2026. On behalf of the King, Minister of Defense and GAMI Vice Chairman Prince Khalid bin Salman will open the grand global event, scheduled to take place from February 8 to 12. The World Defense Show embodies the Kingdom's visionary leadership, serving as a future-focused, domain-driven international event designed to be the gold standard for global defense exhibitions. It receives full support from all relevant ministries, authorities, and companies, with participation from strategic entities in both the Saudi public and private sectors. GAMI Governor Ahmad Al-Ohali expressed his gratitude to King Salman and Crown Prince, Prime Minister and Chairman of GAMI Mohammed bin Salman for their generous patronage and unwavering support for the military industries sector. 'The royal patronage is an extension of the leadership's unwavering support to localizing 50 percent of military expenditure in line with the Kingdom's Vision 2030. This commitment to innovation and cooperation exemplifies our dedication to fostering global partnerships, leveraging our strategic location, and harnessing the Kingdom's industrial capabilities. Together, we are shaping the future of defense, ensuring stability and growth for our nation,' he said. World Defense Show CEO Andrew Pearcey said: 'The 2026 edition will build on the collaboration between government and industry to create a unique environment where the global defense supply chain can meet, share ideas, and do business. Through expanded venue capacity, cutting-edge content, and a strong focus on technology transfer and talent development, WDS 2026 will serve as a global catalyst—bringing together leaders, innovators, and emerging talent to chart the path for the defense industry's future.' WDS is expanding its 2026 edition with a fourth exhibition hall, increasing its total exhibition space by 58 percent compared to the inaugural event. The venue is designed to the highest international standards, which will enhance cooperation, partnership building, and the overall visitor experience.
Syyaha
7 days ago
- Syyaha
Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA
Forbes Middle East, the leading financial and economic magazine, highlighted the historic Initial Public Offering by flynas, the leading low-cost airline in the world and the best LCC in the Middle East, that raised $1.1 billion in the first-ever airline listing in Saudi its August edition, Forbes published an exclusive interview with Bander Almohanna, CEO and Managing Director of flynas, with his photo leading the magazine cover, about flynas 'flying ahead' on a new route for the low-cost aviation said that flynas made history being the first ever listed carrier in Saudi Arabia to go public after offering 30% of its shares to the public last June, raising $1.1 billion 'in a landmark IPO'. In the exclusive interview, the magazine explored Almohanna's vision and focus on further route expansion and new destinations for Middle East, the Arabic version of the renowned American magazine Forbes, quoted Almohanna as saying that the offering, which was 100% oversubscribed valuing the airline at $3.6 billion, marks 'a significant milestone not only for flynas but also for the Saudi financial market and the broader aviation sector.'The listing coincided with a surge in IPO momentum across the Gulf. Despite global headwinds, the GCC saw 27 deals raising $4.1 billion in the first half of 2025, with flynas topping the list with more than 25% of the total capital raised, Forbes highlighted.'flynas benefited from the Kingdom's resilience, robust growth, and the clarity of Vision 2030,' Almohanna said, highlighting the aviation's key role in the national said that Almohanna has joined flynas since its early stages as the Chief Financial Officer of the group, that was launched in 2007, and played a central role in flynas's evolution. With a background in finance, including a stint at the Saudi Arabian Monetary Agency from 1993 to 2002 in the Banking Supervision Department, transitioning from finance to aviation was a strategic evolution for Almohanna. 'My financial background gave me a solid foundation in understanding the economic dynamics of the airline industry,' Almohanna told Forbes. 'It has allowed me to make informed, data-driven decisions that support long-term operational and financial sustainability – something every CEO should be equibbed to do,' he was promoted to Executive Vice President in 2008 and became managing director and CEO in 2015, leading the flynas Group (flynas, NASJET, and flynas Hajj & Umrah) through rapid quoted Aljoharah Alsmari, VP of Investment Banking at BSF Capital, a lead manager of the IPO, as saying, 'As the only independent low-cost carrier in Saudi Arabia, flynas is internationally recognized for its operational efficiency and rapid growth.'As new entrants to the market emerge and legacy carriers expand, flynas continues to differentiate itself through its regional footprint, aggressive fleet expansion, and strategic focus on high-growth segments, particularly religious tourism, Forbes said. 'Competition is always welcome – it drives innovation,' Almohanna 2018, flynas launched its 'We Connect the World to the Kingdom' strategy, targeting international destinations that had not previously had direct routes to Saudi Arabia, Forbes said. Flynas plans to more than double its current fleet to 160 aircraft by 2030, with its network set to grow from over 70 destinations to 165 and more than 300 routes, Forbes for MENA's aviation sector, Almohanna sees a strong potential. 'Saudi Arabia, in particular, has all the right ingredients to become an aviation powerhouse,' he stressed. flynas, the leading low-cost airline in the world and the best LCC in the Middle East, and the first airline listed on the Saudi Exchange (Tadawul) operates 139 routes to more than 70 domestic and international destinations in 30 countries with more than 2000 weekly flights and has flown more than 80 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations within its growth and expansion plan, and in line with the objectives of Vision 2030.
Syyaha
12-08-2025
- Syyaha
The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects
Riyadh – The Coca-Cola Foundation (TCCF) and the Global Environment and Technology Foundation (GETF) have partnered with Lesser App, a pioneering technology solution developed by the Saudi women-led company Naqaa Solutions For Environmental Services, to help reduce packaging waste and improve waste recovery in the Kingdom. The partnership reflects TCCF's ongoing commitment to supporting impactful local initiatives that contribute to a more sustainable collaboration is part of a newly launched initiative, Partnership for A Circular Tomorrow (PACT) – with an initial US $1 million grant by TCCF that invests in solutions and service delivery models to uplift waste workers and scale growth-stage waste enterprises. The effort aims to use innovation to reduce waste and help transform lives across five countries, including Saudi part of the initiative, Lesser App is leading the implementation of targeted PET plastic collection interventions across Riyadh and Jeddah. Key components include a door-to-door collection program, the establishment of four community drop-off centers, and the installation of PET plastic collection bins at six high-footfall mosques. Lesser App will also manage logistics, real-time impact tracking via its proprietary Sustainability Dashboard, and stakeholder coordination throughout the rollout.'Our support for Lesser App reflects our commitment to the Kingdom and the importance of empowering local organizations to drive more innovation and improve waste recovery. We seek to create robust value chains, support informal waste workers, and support solutions in waste management, ultimately paving the way for a more sustainable future,' said Carlos Pagoaga, President, The Coca-Cola Foundation. Through this partnership, TCCF, GETF, and Lesser App will focus on raising environmental awareness, promoting responsible waste disposal, and driving large-scale PET plastic collection efforts throughout the Kingdom. The initiative directly supports Saudi Arabia's broader sustainability agenda and aligns with the ambitions of Vision 2030.'As a women-led tech startup company, we are proud to play a central role in driving environmental change and empowering female leadership in the sustainability space. This collaboration allows us to bring innovative, community-centric recycling models to life, from tech-enabled pickups to plastic collection, and demonstrate the value of inclusive approaches to solving environmental issues,' said Mona Othman, CEO and co-founder, Lesser App. Saudi Arabia is one of the five countries included in the first phase of the PACT program, alongside Türkiye, Azerbaijan, Kazakhstan, and Uzbekistan.
