Red Sea Project CEO Says It Will Carry Debt Over 10 Billion Riyals

The video discusses a major development project in Saudi Arabia, often compared to the Maldives. The project focuses on creating a unique destination with diverse topography and features. Key efforts include building infrastructure with a focus on renewable energy and preparing for tourist arrivals by 2022. The project is backed by the Public Investment Fund and offers opportunities for foreign investors through public-private partnerships. The financial strategy involves raising commercial debt, with a focus on sustainable development and setting new standards.

What is the primary focus of the Red Sea Project at its current stage?

• Marketing to tourists

• Developing enabling infrastructure

• Establishing a new government

• Building hotels and resorts

When does the Red Sea Project plan to welcome its first guests?

• End of 2022

• Beginning of 2023

• End of 2021

• Mid 2022

Who owns the Red Sea Project?

• The Public Investment Fund

• A consortium of investors

• The Saudi Arabian government

• A private company

What is the expected investment amount for the central utilities project?

• Over 20 billion dollars

• Several million dollars

• Several billion dollars

• Less than a billion dollars

How does the Red Sea Project plan to fund its development?

• Raising commercial debt

• Issuing bonds

• Crowdfunding

• Using only equity