RIYADH, SAUDI ARABIA – Red Sea Global (RSG), the developer of The Red Sea and AMAALA tourist destinations, signed a memorandum of understanding (MoU) with Hyundai Motor Group to collaborate on deploying eco-friendly mobility solutions at RSG’s luxury resorts in the Kingdom.
RSG CEO John Pagano and head of the Future Growth Strategy Sub-Division at Hyundai Motor Group Dongkun Lee attended the signing ceremony at the Red Sea Global Headquarters here on Sunday, an RSG press release said.
Under the MoU, RSG and Hyundai Motor Group will explore opportunities in various fields.
In the short term, the two parties will focus on validating and deploying Hyundai Motor Group’s eco-friendly mobility solutions, such as electric battery and hydrogen fuel cell vehicles, while in the mid to long term, they will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility (AAM) and maritime vessels.
Pagano said, “Hyundai Motor company is a world leader in sustainable and luxury mobility.”
He said, “By working together and integrating its cutting-edge technology and eco-friendly mobility solutions into our destinations, we have the opportunity to continue setting new benchmarks in carbon-neutral operations while exceeding our guests’ expectations for style, comfort and environmental responsibility.”
Dongkun Lee emphasized the shared commitment to a sustainable and innovative mobility future and stated the intention to accelerate validations and explore long-term goals to build a greener and smarter ecosystem in the region.
Hyundai Motor Group’s comprehensive eco-friendly business portfolio, ranging from individual mobility solutions to extensive charging infrastructure, provides a wide range of opportunities.
“The partnership is expected to boost the Kingdom’s Vision 2030 strategy to achieve a net-zero emission society by 2060, accelerating the country’s transition to a green economy,” the release added.