COASTAL CLIMB

Red Sea Global’s villas sell for $40 million amid Saudi luxury boom

The resorts developed by Red Sea Global, a unit of the Public Investment Fund, are key to the kingdom's plans for becoming a posh holiday lair

Red Sea Global

Shura Island where Red Sea Global is building resorts on Saudi Arabia's western coast

Luxury home prices in Saudi Arabia’s Red Sea Global development are selling for as much as $40 million, after prices climbed sharply over the past two years.

With ultra-high-end villas and mansions overlooking the coastline, the area...