Saudi Arabia to upstage Monaco with ultra-luxury yacht club

Saudi developer The Red Sea Development Company (TRSDC) today revealed its design for its ultra-luxury Triple Bay Yacht Club on the Red Sea, which it says can berth yachts twice as long as the prestigious Monaco Yacht Club can hold.

The 7,900-sq-m facility was designed by architects HKS, the designers of the AT&T Stadium, home to the Dallas Cowboys, and Jinjiang International Exhibition Center. The yacht club will have 120 berths for craft up to 130m in length and a lift straight from the water’s edge to an elegant private sky lounge so guests can get from their boats to the club house “in full privacy”.

Fronted by an 80m Quai d’honneur for yachting events, the club’s public realm will have shops, restaurants and an amphitheatre for shows and a sun deck with an infinity pool giving the illusion of flowing into the sea.

The club anchors the Triple Bay resort, planned on 4,155 sq km in the Prince Mohammad bin Salman Natural Reserve, and part of the “Amaala” ultra-luxury tourism mega project which, along with the neighbouring Red Sea Project, is part of the kingdom’s plan to diversify the economy quickly away from oil.

“Amaala is one of the flagship Saudi Vision 2030 projects and remains central to the Kingdom’s ambition to become a global tourism leader,” said John Pagano, chief executive of TRSDC, Amaala and the Red Sea Project in a press release.

“We anticipate that Amaala will become an international hub for luxury yachting, and as such, the yacht club required a world-class design, influenced by the surrounding natural elements and Arabic heritage, and underpinned by our commitment to sustainability.”

Scheduled to welcome guests in 2024, Phase one of Triple Bay has eight resorts offering around 1,200 hotel rooms.

The whole development is targeting a minimum LEED Gold standard for sustainability, and will power itself with renewable sources off-grid.

Work is underway on infrastructure and groundwork with some 1,000 workers on site. TRSDC said more than 250 contracts have been awarded so far, with contracted work valued beyond $1.3bn (5 billion riyals). Some $266m of this has been awarded in the first quarter of this year.

That pace will continue in the second quarter, and an RFP for the utilities public-private partnership (PPP) has been issued to the market.

Owned by Saudi Arabia’s sovereign Public Investment Fund, Amaala is expected to create some 50,000 new jobs for Saudis and nearly $3bn (11 billion riyals) to GDP once fully open, with some 3,000 hotel rooms across 25 hotels and around 900 luxury residences.

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