LBCI

Saudi Arabia downscales flagship Red Sea giga-project: Sources tell AFP

Middle East News

13-02-2026 | 08:22

Share

Share

Saudi Arabia downscales flagship Red Sea giga-project: Sources tell AFP

Saudi Arabia is scaling back plans to build 81 luxury resorts on the Red Sea by 2030, seven sources told AFP, the latest cutback to the kingdom's multi-billion-dollar giga-projects aimed at diversifying the economy.

Red Sea Global (RSG) denied plans to downsize, saying the project would continue after the initial phase of 27 resorts is completed this year.

But sources with knowledge of the plans, who requested anonymity to discuss sensitive matters, said construction would halt at the end of 2026, costing dozens of jobs at RSG and hundreds at contracting firms.

AFP

Middle East News

Saudi Arabia

Resorts

Red Sea

Projects

Economy

Next

US completes transfer of IS detainees from Syria to Iraq: CENTCOM

Second US aircraft carrier to head to Middle East amid Iran tensions: US media

Previous

Recommended For You

Hezbollah says fired rockets at north Israel town

Middle East News

04:13

Hezbollah says fired rockets at north Israel town

Hezbollah claims several attacks targeting northern Israel

Middle East News

16:37

Hezbollah claims several attacks targeting northern Israel

Iran says still 'no final agreement' on deal with US: State media

Middle East News

13:47

Iran says still 'no final agreement' on deal with US: State media

Israel's military urges expanded Lebanon operations ahead of potential Trump-Iran deal

News Bulletin Reports

12:55

Israel's military urges expanded Lebanon operations ahead of potential Trump-Iran deal

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Choueifat strike underscores growing gap between Washington diplomacy and Israel's expanding operations in Lebanon

News Bulletin Reports

2026-05-28

Choueifat strike underscores growing gap between Washington diplomacy and Israel's expanding operations in Lebanon

White House denies considering nuclear strikes on Iran

2026-04-07

White House denies considering nuclear strikes on Iran

Hezbollah says fired rockets towards Israel in response to 'violation of ceasefire'

2026-04-09

Hezbollah says fired rockets towards Israel in response to 'violation of ceasefire'

Labor minister condemns Israeli attack on Lebanese Civil Defense personnel, calls for international accountability

2026-04-29

Labor minister condemns Israeli attack on Lebanese Civil Defense personnel, calls for international accountability

Videos

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Most read

24 hours

7 days

Month

Israel's military urges expanded Lebanon operations ahead of potential Trump-Iran deal

1

Israel's military urges expanded Lebanon operations ahead of potential Trump-Iran deal

Netanyahu says Israeli forces have crossed south Lebanon's Litani River

2

Netanyahu says Israeli forces have crossed south Lebanon's Litani River

US pushed to keep Lebanon political talks on schedule despite Israeli attempts to delay them: Sources to LBCI

3

US pushed to keep Lebanon political talks on schedule despite Israeli attempts to delay them: Sources to LBCI

Rubio hails Aoun’s ‘courage and vision’ in pursuing Israel negotiations

4

Rubio hails Aoun’s ‘courage and vision’ in pursuing Israel negotiations

Washington talks focus on extending state authority and restricting Hezbollah arms: Source tells LBCI

5

Washington talks focus on extending state authority and restricting Hezbollah arms: Source tells LBCI

Israeli army issues urgent evacuation warning for six southern Lebanon towns

6

Israeli army issues urgent evacuation warning for six southern Lebanon towns

Sarafand mayor announces precautionary measures following evacuation warning

7

Sarafand mayor announces precautionary measures following evacuation warning

Rubio reaffirms US support for Lebanon’s stability, sovereignty, and independence

8

Rubio reaffirms US support for Lebanon’s stability, sovereignty, and independence

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More