The Red Sea Real Estate Company I

The Red Sea Development Project - Financing

Industry
Social infrastructure/Infrastructure (other)
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

The Red Sea Development Company (TRSDC) closed a SAR 14.120billion ($3.76 billion) term loan and revolving credit facility with 4 Saudi banks on its Red Sea tourism megaproject. The Red Sea Project is set to welcome its first guests by the end of 2022, when the international airport and the...

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Deal Volume
$3.76bn
Financial Close
03/05/2021
Dealmakers

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Tranches

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Project Deals

Red Sea Project (Phase 1)
$7.99bn
Greenfield
Infrastructure (other)
Middle East
Middle East
Saudi Arabia