ITALIAN SUMMER

Red Sea Global expands overseas with Sardinia resort

The Public Investment Fund-controlled developer holds a 90% stake in Santo Stefano Resort, while the remaining share is owned by Re.vo, a real estate investment firm controlled by members of the Benetton family

Daniele Venturelli/Getty Images

A coastal resort in Sardinia.

Saudi Arabia’s Red Sea Global is developing its first overseas destination, an island resort at Santo Stefano off the coast of Sardinia.

The Public Investment Fund-controlled developer holds a 90% stake in Santo Stefano Resort, while the...