Khaled Al-Mobid is founder and CEO of Menassat Realty Co., a Riyadh-based real estate developer, since 2018.
He was founder, previous general manager and executive partner of Bussma Real Estate Management Co. between 2008 and 2018.
Al-Mobid obtained his bachelor’s degree in business administration from the University of Florida, US, in 2002.
He has served as a member of several real estate entities, including the Real Estate Subcommittee for Real Estate Services of the Riyadh Chamber of Commerce since 2010 and the Real Estate Committee of the Riyadh Chamber between 2002 and 2018.
He also served on the boards of Al-Issa Endowment between 2016 and 2020, and Bussma Real Estate Management Company between 2008 and 2018.
Al-Mobid was vice chairman of the Real Estate Marketing Committee at the Riyadh Chamber between 2018 and 2022, and was a member of the board of directors and executive committee of Manarat Development Investment Company between 2016 and 2020. The company’s portfolio is worth SR900 million ($234 million).
He was also a member of the board of directors of ADdisign Engineering Company between 2018 and 2019.
Al-Mobid managed and supervised four execution court auctions in his previous company, in addition to other major private sector auctions afterward, with a total value of SR4 billion.
He is also founder and CEO of the Real Estate Platforms Application (Menassat), which won the 2019 Real Estate Application Award.
Al-Mobid was chosen as the best real estate marketer in the Kingdom and has been honored by a number of ministers of housing and trade.
He has made significant contributions to the Kingdom’s property industry through founding 15 real estate funds, and has taken part in the establishment of a large number of commercial and residential projects in the Kingdom.
Who’s Who: Khaled Al-Mobid, CEO of Menassat Realty Co.
https://arab.news/yveht
Who’s Who: Khaled Al-Mobid, CEO of Menassat Realty Co.
Red Sea Global unveils scientific model for regenerative tourism worldwide
- The report details the model’s rollout at “The Red Sea” and “AMAALA” destinations, backed by studies covering 8 marine habitats
TABUK: Red Sea Global (RSG) has unveiled a science-based model aimed at achieving a 30% net positive conservation benefit across its tourism destinations by 2040.
The framework is now available for global adoption, according to a statement released by RSG.
Owned by Saudi Arabia’s Public Investment Fund (PIF), Red Sea Global is the multi-project developer behind ambitious regenerative tourism destinations like “The Red Sea” and “AMAALA.”
As a cornerstone of the Kingdom’s Vision 2030, the company aims to diversify the national economy while setting new global benchmarks for sustainable, nature-positive development.
CEO John Pagano stated that openly sharing this detailed approach will help elevate the global tourism sector and secure a healthier environment for future generations.
The cornerstone of this initiative is the proprietary SIIG Model, a four-step framework:
• Survey: Establish biodiversity baselines and monitor long-term changes.
• Identify: Assess risks to priority habitats and species.
• Intervene: Execute evidence-based actions, such as regulating fishing and enhancing natural habitats.
• Gain: Measure and verify biodiversity improvements.
The report details the model’s rollout at “The Red Sea” and “AMAALA” destinations, backed by extensive 2022–2023 environmental baseline studies covering eight marine habitats and priority species groups during 2022 and 2023.
A major intervention is the 5,015-square-kilometer Fishery Management Area in Al-Wajh Lagoon. The plan reserves 38% of the area for priority conservation—protecting 62% of local coral reefs—while allocating 61% for sustainable fishing.
According to scientific modeling, eliminating fishing in high-protection zones could increase reef fish populations by 113%, sharks and rays by 72%, and marine mammals by 24%. These measures are expected to boost coral resilience, support ecosystem recovery, and protect vulnerable species like sea turtles and seabirds.
Ihab Kindi, RSG’s Red Sea Destination Executive Director, called the data-driven model a practical roadmap for large-scale marine recovery. The complete methodology is available in the new report, “The SIIG Model: A Roadmap Toward Achieving Measurable Conservation Gains.”
