island opening

Shura resort launches as Saudi megaprojects bow to budget gaps

Budget deficits have forced Saudi Arabia to shrink or shut down projects ranging from NEOM’s The Line to Riyadh’s cube-shaped Mukaab

Red Sea Global

Shura Island's hotels are open for bookings starting May 20

It’s showtime this week for Shura Island, the Saudi Public Investment Fund’s $690 million luxury resort project whose opening has been postponed since early last year.

Managed by Four Seasons, the island’s development is backed by the PIF’s...