Red Sea Global, a tourism development company based in Saudi Arabia, plans to increase the net conservation value of its local destination by 30% by 2030. The CEO, John Pagano, spoke at the Biban 2023 global entrepreneurship event, where he highlighted the company’s commitment to protecting the environment in line with Saudi Vision 2030. Red Sea Global aims to enhance rather than preserve with its regenerative development approach. Pagano mentioned that the company strives to incubate small and medium-sized enterprises to help build its destinations, and it is launching an incubator to train 35 new businesses this year. The company seeks to commercialize different technologies in the Kingdom and beyond. Pagano also shared that Red Sea Global is planning to open three tourist destinations to visitors in 2021: St. Regis Red Sea Resort, Nujuma Ritz Carlton Reserve, and Six Senses Southern Dunes.