Red Sea Collection signs marine conservation agreement with Prince Albert II of Monaco Foundation
by Zoe Dickens
The Red Sea Collection, a group of luxury resorts developed by the Public Investment Fund of the kingdom of Saudi Arabia on the north-eastern coast of the Red Sea, has signed a framework agreement on sustainability and marine conservation with the Prince Albert II of Monaco Foundation.
The agreement acknowledges the shared sustainability aims of the Foundation and the Red Sea Collection and was signed by the Saudi Minister of Culture, His Highness Prince Badr bin Abdullah Al Saud, and HSH Prince Albert II of Monaco during the Monte-Carlo Gala for the Global Ocean. The gala was held on the first day of the Monaco Yacht Show 2018 with a host of celebrity attendees raising millions for the Foundation’s marine conservation work.
The agreement also provides a first step towards an ongoing exchange of information which will enable both sides to further their commitment to the health of the oceans with key aims being to protect marine biodiversity, reverse the decline of coral reefs and tackle the issue of plastic pollution.
His Highness Prince Badr bin Abdullah Al Saud said, “This agreement underlines our commitment to create the most innovative, sustainable and forward-thinking projects for Saudi Arabia. The pristine coral reefs, thriving marine life and untouched landscapes are what make this region so special, and the Red Sea Collection is committed to ensuring these features are given the utmost protection.”