Red Sea Global announces ‘Nammos Resort AMAALA’

Located at the stunning Triple Bay and offering breathtaking ocean and Hijaz Cove views, Nammos Resort AMAALA will welcome guests later this year.
Short Url
Updated 27 April 2025
Follow

Red Sea Global announces ‘Nammos Resort AMAALA’

Red Sea Global, the developer behind regenerative tourism destinations AMAALA and The Red Sea, has unveiled Nammos Resort AMAALA, setting a new standard for luxury in the region. This partnership marks Nammos Hotels and Resorts’ first hotel outside of Greece, bringing its iconic Cycladic elegance and world-renowned hospitality to Saudi Arabia.

Located at the stunning Triple Bay and offering breathtaking ocean and Hijaz Cove views, Nammos Resort AMAALA will welcome guests later this year, promising an unparalleled experience defined by sophisticated design, exceptional amenities, and a harmonious blend of Mykonian and Hijazi influences.

Nammos Resort AMAALA is the second resort under Nammos Hotel and Resorts brand portfolio. It is part of ADMO Lifestyle Holding, a joint venture between Alpha Dhabi Holding and Monterock International.

The luxury property will have 110 keys with ocean views and 20 branded residences with waterfront views of the AMAALA Marina and Corallium Marine Life Institute. The property features a luxury spa, offering serene rejuvenation, a state-of-the-art fitness center for health and wellness enthusiasts and a Children’s Club, perfect for family-friendly experiences.

Nammos Resort AMAALA includes four dining venues: Horizon Bar with sunset views of the Red Sea; Nammos Restaurant; Nalu Restaurant, an all-day dining restaurant blending Latin American and Asian flavors with cascading pools that lead to the resort’s main beach; and Omnia Restaurant, an international restaurant featuring a rotating line up of guest chefs and brands.

The property’s design masterfully blends Greek and Saudi aesthetics. Crafted by Foster + Partners, the exterior draws inspiration from traditional Hijazi architecture, while the interiors, designed by Lazaro Rosa Violan Studio from Spain and Elastic Architects from Greece, capture the timeless elegance of Mykonos’ Cycladic style. Signature elements include iconic terrazzo flooring, textured walls, traditional archways, and a refined color palette of aquamarine, white, and gold. Accentuated with tarnished gold finishes and soft marble, the result is a contemporary Mediterranean ambiance.

Renowned for its beachfront bliss, Nammos Restaurant AMAALA is located on the exclusive Hijaz Island off the resort’s coast. Offering unparalleled sunset views over the Red Sea, the restaurant promises ultimate privacy with its cabanas. Accessible via boat from the Marina Village jetty, the club is exclusive to guests staying at AMAALA’s resorts. The highlight is an infinity pool that seemingly floats over the Red Sea, offering breathtaking views of the sunset.

Petros Stathis, chairman of Nammos World and vice chairman of ADMO Lifestyle Holding, said: “The opening of Nammos Resort AMAALA marks a defining milestone for our Nammos brand, a full-scale, all-encompassing resort experience in one of the most anticipated luxury travel destinations in the world. We have the utmost confidence in the visionary leadership of the Kingdom of Saudi Arabia, whose shared commitment to excellence is set to redefine the global hospitality landscape for decades to come. We are simply honored to be part of this extraordinary journey and look forward to the remarkable chapters that lie ahead at Red Sea.”

Sanjay Nandi, CEO of ADMO Lifestyle Holding, added: “Nammos Resort AMAALA marks a significant milestone in ADMO’s global expansion in hotels.”

As a brand synonymous with vibrant luxury and exceptional experiences, opening in one of the world’s most exclusive luxury lifestyle and wellness retreats is the perfect fit for the iconic Nammos brand and reinforces ADMO’s commitment to expanding our international portfolio in the premium hospitality sector.”

The first master plan of AMAALA, centered on the Triple Bay development, is progressing well, with the first guests expected to arrive in 2025 at the destination’s 1,400 keys across eight hotels. Triple Bay will eventually feature 12 resorts and three residential communities.

Upon full completion, AMAALA will boast approximately 4,000 rooms across 30 hotels, along with approximately 1,200 luxury residential villas, apartments, and estate homes. The development will also include vibrant marinas for the global yachting community, as well as high-end retail, fine dining, wellness and recreational facilities.


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
Follow

25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.