Dubai: The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, participates in the 2019 edition of the Arabian Travel Market (ATM) event held in Dubai .
The business-focused event, which brings together around 40,000 inbound and outbound tourism professionals, government ministers and media representatives, provides the ideal platform to share TRSDC’s plans for the destination, progress made and key milestones reached, as well as to explore opportunities for collaboration and partnership.
“Our participation in the 2019 Arabian Travel Market is an important opportunity for The Red Sea Development Company to showcase the character of the project and our ambitions for its development,” explained John Pagano, CEO at TRSDC.
“As the region’s leading travel fair, ATM is a chance to demonstrate the beauty and appeal of the destination and begin exploring opportunities to collaborate with some of the region’s most renowned hospitality and tourism focused institutions.”
With budget and funding in place for Phase One of the development, TRSDC currently has over SAR10 billion in contracts in the market for construction, development and operation of the various assets that will make up the destination. The company is also talking to major hotel brands at the luxury end of the market
“The Red Sea Project aims to position the Kingdom on the global tourism map, open new growth opportunities for local and international businesses, creating jobs and contributing to the Saudi national economy,” said Pagano.
Arabian Travel Market is the Middle East’s leading platform for tourism professionals and a focal point for the region’s travel industry. ATM 2019 is set to build on the success of last year’s show, which was the largest edition in its history, welcoming almost 40,000 industry professionals and showcasing over 2,500 exhibitors with hotels comprising 20 percent of the total floor area.