Red Sea Global, Equinox partner to establish new luxury resort in AMAALA 

The new hotel will feature a magnesium salt rooftop pool (Supplied)
Short Url
Updated 25 July 2023
Follow

Red Sea Global, Equinox partner to establish new luxury resort in AMAALA 

RIYADH: Visitors to AMAALA, one of the world’s most well-preserved natural environments in Saudi Arabia’s Red Sea, will soon experience a new resort with a focus on sports, fitness and lifestyle.

The Public Investment Fund-owned Red Sea Global and US firm Equinox are joining hands to establish Equinox Resort AMAALA, according to a statement. 

“AMAALA brings the best in health and wellness together in an area of extraordinary natural beauty to offer exceptional and transformative experiences for guests,” Group CEO of RSG John Pagano said. 

He added: “Equinox’s unique brand of luxury and fitness is a fantastic fit, allowing visitors to choose seeking self-improvement during their stay, getting back to nature on land or at sea, or simply enjoying quiet moments with loved ones in comfort and privacy.” 

The new hotel will comprise 128 keys, including two luxury penthouses and a suite of amenities such as several world-class culinary concepts.  

In addition to this, the new hotel will also feature a magnesium salt rooftop pool, spa, beach club, and an Equinox fitness club. 

The statement further revealed that Equinox Resort AMAALA will be a key part of the AMAALA Marina Village, which is home to a collection of luxury hotels, villas and condominiums. 

Designed by British international architecture firm Foster + Partners, the new hotel will be built in such a way that it will ensure complete connectivity to the surrounding area. 

Equinox Resort AMAALA is located on a prime position that provides direct access and views to the Marina Village on one side and the pristine Hijaz Cove on the other.   

“AMAALA is a destination that perfectly aligns with our mission of redefining luxury hospitality,” Equinox Hotels CEO Christopher Norton said. 

He added: “Our highly differentiated resort offering will provide guests an unparalleled experience that only a brand like Equinox can deliver.” 

In February, RSG partnered with Swiss longevity clinic Clinique La Prairie to offer a new wellness resort at AMAALA. Later in April, it signed an agreement with international hospitality brand Rosewood Hotel & Resorts to manage a 110-key hotel at upcoming integrated wellness destination. 


Second firm ends DP World investments over CEO’s Epstein ties

Updated 11 sec ago
Follow

Second firm ends DP World investments over CEO’s Epstein ties

  • British International Investment ‘shocked’ by allegations surrounding Sultan Ahmed bin Sulayem
  • Decision follows in footsteps of Canadian pension fund La Caisse

LONDON: A second financial firm has axed future investments in Dubai logistics giant DP World after emails surfaced revealing close ties between its CEO and Jeffrey Epstein, Bloomberg reported.

British International Investment, a $13.6 billion UK government-owned development finance institution, followed in the footsteps of La Caisse, a major Canadian pension fund.

“We are shocked by the allegations emerging in the Epstein files regarding (DP World CEO) Sultan Ahmed bin Sulayem,” a BII spokesman said in a statement.

“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”

The move follows the release by the US Department of Justice of a trove of emails highlighting personal ties between the CEO and Epstein.

The pair discussed the details of useful contacts in business and finance, proposed deals and made explicit reference to sexual encounters, the email exchanges show.

In 2021, BII — formerly CDC Group — said it would invest with DP World in an African platform, with initial ports in Senegal, Egypt and Somaliland. It committed $320 million to the project, with $400 million to be invested over several years.