Red Sea Global, the multi-project developer behind the world s most ambitious regenerative tourism destinations, has announced the installation of 750,000 solar panels and five solar stations dedicated to the operation of Phase One of the key project.
Red Sea Global has announced the installation of 750,000 solar panels and five solar stations dedicated to the operation of the first phase of the “Red Sea Project,” which consists of 16 hotels, retail, and entertainment venues, and supporting infrastructure facilities to be powered entirely by renewable energy. John Pagano, the CEO of Red Sea Global, explained that since the beginning, the company has been committed to adopting a different approach in its operations and projects.
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Qatar Airways has reported a record annual revenue of 76.3 billion riyals ($21 billion), underpinned by a higher customer base after the Doha-based carrier hosted the FIFA World Cup as its official partner and airline. Net profit for the fiscal year 2022-2023 stood at 4.4 billion riyals ($1.21 billion), the company said in a statement, when the airlines carried 31.7 million passengers, a 71% jump year-on-year. The airline recorded a load factor of 80% and yields, both the highest in the company's history.