Hyundai Motor Group (HMG) announced last week a collaboration with Red Sea Global (RSG), a luxury resort developer, to explore eco-friendly Advanced Air Mobility (AAM) in Saudi Arabia for tourism, reports a press release. The companies have signed a Memorandum of Understanding (MOU).
Under this MOU, the partners “In the mid to long term, will jointly explore potential opportunities in various fields, including electric battery and hydrogen powered fuel cell vehicles,” explains the release. “They will also research future mobility solutions, such as autonomous vehicles, AAM and maritime vessels.”
Dongkun Lee, Head of the Future Growth Strategy Sub-Division at HMG, remarked, “This partnership signifies our shared commitment to a sustainable and innovative mobility future for humanity. We will accelerate the validations and explore more long-term goals to build a greener and smarter ecosystem in the region.”
John Pagano, Group CEO of RSG, added, “By working together and integrating Hyundai’s cutting-edge technology and eco-friendly mobility solutions into our destinations, we have the opportunity to set new benchmarks in carbon-neutral operations while exceeding our guests’ expectations for style, comfort and environmental responsibility.”
The partnership aims to strengthen the Saudi Kingdom’s “Vision 2030” strategy to achieve a net-zero emission society by 2060.
AMAALA, the new multi-billion dollar ‘Riviera of the Middle East’ resort on the Saudi Arabian Red Sea coast, covering nearly 1,500 sq miles, is the brainchild of Saudi’s Crown Prince Mohammed bin Salman (Credit: Daily Mail)
Last September, The Red Sea welcomed its first resort guests and the International Airport has been receiving a regular flow of domestic flights. International flights are set to commence imminently.
RSG is behind some of the world’s most ambitious development ventures, including luxury regenerative tourism destinations such as The Red Sea and AMAALA. Two of the destination’s hotels are open with three more on track for 2024. One of these developments is called the Thuwal Private Retreat.
AMAALA remains on track to welcome its first guests next year as part of the company’s Triple Bay Phase One on the Red Sea. Dubbed “The Riviera of the Middle East”, this multi-billion resort covers nearly 1,500 sq. miles of luxury hotels, villas and shops.
The resort, which has been built from scratch, features hotels, private villas, marinas, beaches, high end shops, an Arts Academy and an iconic yacht club. The initial idea for the development came from Saudi’s Crown Prince Mohammed bin Salman.
Background
RSG is wholly owned by Saudi Arabia’s Public Investment Fund (PIF). It is a global multi-project developer, seeking to lead the world towards a more sustainable future. Under the cornerstone of Saudi Arabia’s 2030 ambition, the company is playing a key role in transforming the nation to a greener region.
For more information
https://www.hyundai.com/au/en/why-hyundai/concept-cars/urban-air-mobility
