TRSDC, AMAALA look into EVs, hydrogen cars as part of sustainable mobility solutions

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AMAALA’s Triple Bay master- plan for phase one offers a unique mix of luxurious assets sitting side- by-side yet providing varied guest experiences. Every resort offers full privacy from the adjacent resort. Supplied
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TRSDC airport. Supplied
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TRSDC Shurayrah Bridge
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Updated 24 April 2022
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TRSDC, AMAALA look into EVs, hydrogen cars as part of sustainable mobility solutions

  • Strategy involves destination-wide clean mobility as well as green approach to design

RIYADH: The Red Sea Development Co. is taking every possible measure to see that the megaproject meets its sustainability target. Andreas Flourou, operations and mobility executive director at TRSDC, told Arab News that efforts are underway to provide transportation at the project in line with its green ambitions.

“At the end of 2020, we engaged global engineering firm Mott MacDonald to provide consultancy services to determine the optimal sustainable vehicle and fleet configuration at the destination,” Flourou told Arab News.

Mott MacDonald delivered a comprehensive and robust analysis of the total land, sea and air transport needs for the development and operation of the 28,000 sq. km site, from its opening in 2022 to its completion in 2030.

This involved a strategy for destination-wide clean mobility using electric and potentially hydrogen vehicles, boats and aircraft

“More recently, we have been engaged with WSP, one of the world’s leading engineering consulting firms, who are assisting us in operationalizing our mobility strategy and the wider marketplace, looking to challenge mobility providers to come up with solutions that meet our aspirations to be net-zero from day one,” Flourou noted.

“Our need spans terrestrial, marine and aviation, and so far, there has been a huge amount of enthusiasm to participate and be part of this journey.”

TRSDC is currently investigating the use of electric vertical take-off and landing aircraft in the runways, he added.

“Excitingly, we have even been investigating the use of electric vertical take-off and landing aircraft, which can take off and land without a runway and are fully sustainable. In parallel, we have also commenced planning of our Urban Air Mobility strategy,” Flourou revealed.

Sustainable approach to design

AMAALA, on the other hand, is making sure that innovative ideas and creative designs match the beautiful nature and landscape in this area.

Asked how sustainable considerations are shaping the approach to design at the megaproject managed by TRSDC, Zak Ayache, design executive director at AMAALA, replied: “We are blessed with an abundance of diverse, colorful marine habitats home to natural treasures. From nesting turtles and falcons to blooming corals, inspiration quite literally surrounds us. All our designs value these assets and prioritize their preservation and enhancement.”

All of AMAALA’s built assets are sustainable and are achieving Leadership in Energy and Environmental Design gold certificates as a minimum on all buildings, with some achieving platinum rating, the highest LEED category, according to Ayache.

Furthermore, all of AMAALA’s masterplans comply with the Dark Sky Strategy, prohibiting any light pollution, and its ambition is to become an international dark sky reserve.

Ayache added: “The majority of our planting palette is locally sourced with planting species that do not require excessive irrigation water. Our sister project, TRSDC, has a fully operational landscape nursery, the largest in the region, growing upwards of 25 million plants across both destinations.”

Furthermore, all cars and vehicles considered in the master plan are electric, eliminating carbon emissions and noise pollution.

Ayache elaborated that innovation is present in the exceptional architectural designs that sit in harmony with the unique natural features of the site, capitalizing on the beautiful and dramatic mountains to the east, the blue azure pristine coves dotted along our coastline, and the sensational sunset views to the west.

“Equally, the Triple Bay masterplan for phase one offers a unique mix of luxurious assets sitting side-by-side yet providing varied guest experiences. Every resort offers full privacy from the adjacent resort, meaning no overlooking views, which enhances the privacy and seclusion of each retreat. Every asset is linked by an innovative wellness route,” he noted.

Ayache said this is effectively a “green spine” that provides various activities along its stretch: Hiking, cycling, horseback riding, contemplation spots, outdoor yoga and gym, landscape exploration and more.


Stc Group issues US dollar-denominated sukuk with a total value of $2bn

Updated 09 January 2026
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Stc Group issues US dollar-denominated sukuk with a total value of $2bn

RIYADH: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.

The group clarified that the issuance included the offering of $750 million in sukuk with a 5-year maturity at a yield of US Treasury plus 75 basis points, and an issuance of $1.250 billion with a 10-year maturity at a yield of UST plus 90 basis points, according to the Saudi Press Agency.

It noted that the total order book exceeded $8 billion across both tranches, with a coverage rate exceeding 4 times, and participation from over 300 investors in the subscription.

The issuance garnered strong demand from a broad and diverse base of international investors, reflecting solid confidence in the robustness and efficiency of stc Group’s business model and strategy. 

This strategy is aimed at strengthening its digital leadership, seizing infrastructure opportunities, enabling massive projects, and contributing to the realization of Vision 2030 objectives, with a focus on achieving sustainable growth based on operational efficiency and maximizing shareholder value.

This issuance enhances stc Group’s access to international capital markets and solidifies investor confidence in the strength of its credit position. 

It also supports its strategic role in accelerating the pace of digital transformation in the Kingdom and building a thriving digital economy.