The Red Sea Real Estate Company I

The Red Sea Development Project - Financing

Industry
Social infrastructure/Infrastructure (other)
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

The Red Sea Development Company (TRSDC) closed a SAR 14.120billion ($3.76 billion) term loan and revolving credit facility with 4 Saudi banks on its Red Sea tourism megaproject. The Red Sea Project is set to welcome its first guests by the end of 2022, when the international airport and the first...

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Deal Volume
$3.76bn
Financial Close
03/05/2021
Dealmakers

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Tranches

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Project Deals

Red Sea Project (Phase 1)
$7.99bn
Greenfield
Infrastructure (other)
Middle East
Middle East
Saudi Arabia