In a grand celebration of progress and partnership, Red Sea Markets Company (Red Sea Mall) hosted its distinguished annual gala, bringing together key stakeholders who have played a pivotal role in its journey toward success. The event marked a new era of excellence and innovation, reinforcing the company’s commitment to sustainable growth and visionary leadership.
The evening commenced with a welcoming speech by Mr. Ibrahim Al-Qasimi, CEO of Red Sea Markets Company. He emphasized the company’s dedication to fostering strong partnerships as the foundation for sustainable success. Highlighting the significance of collaboration and innovation, he stated:
“This event embodies our vision of strengthening partnerships that contribute to achieving sustainable success. We believe that innovation and collaboration are the keys to building a future full of opportunities. The announcement of RASM Advanced Property Management Company and the launch of The Point project’s identity are steps toward achieving our ambitious goals in supporting the Kingdom’s economic and tourism development.”
A key highlight of the gala was the launch of RASM Advanced Property Management, announced by its CEO, Mr. Artin Malatjian. The newly introduced entity aims to offer integrated and advanced services in managing commercial properties and enhancing investments. This initiative aligns with the objectives of Saudi Vision 2030, contributing to the Kingdom’s economic and infrastructural growth.
The event also marked the official unveiling of The Point, a landmark development set to redefine modern living. Designed as a mixed-use project, it will feature luxury apartments operated by Hilton, alongside a shopping center, cinema, and a youth-oriented hub.
Mr. Mohammad Alawi, Managing Director of the Board, provided exclusive insights into the project, underlining its potential to attract both local and international investors. He emphasized the significance of The Point in boosting tourism and economic activity in the Asir region, positioning it as a premier destination for business and leisure.
Further solidifying its commitment to development, Red Sea Markets Company announced multiple strategic agreements for The Point project. Key partnerships were forged with Chalhoub Group, Al-Malki Group, and Generation, reflecting a collaborative effort to enhance the retail and tourism sectors. These alliances aim to drive economic prosperity while fostering innovation and engagement with leading global and local brands.
The gala also served as a platform to celebrate outstanding contributions to the retail sector. Ms. Widyan Bayazeid, Marketing Director at Red Sea Mall, highlighted key marketing initiatives that have positioned the mall as a leading retail and lifestyle destination in Jeddah. She reaffirmed the alignment of these initiatives with RASM Advanced Property Management’s vision of delivering a unique and high-quality experience.
In recognition of the efforts and achievements of its partners, Red Sea Markets Company honoured distinguished contributors with over 70 awards, celebrating their role in driving the company’s success.
The evening also featured insightful panel discussions, including sessions on “Partnerships in Business” and “The Future of Retail Experiences.” Industry experts and specialists shared their perspectives on fostering innovation and advancing the retail sector, reinforcing the importance of collaboration in achieving long-term success.
The gala underscored Red Sea Markets Company’s commitment to excellence and its long-term vision for growth. By launching RASM Advanced Property Management and The Point, the company reaffirmed its dedication to enhancing the national economy and achieving sustainable development goals in line with Saudi Vision 2030.
With a strong foundation of innovation, collaboration, and strategic partnerships, Red Sea Markets Company is set to redefine the future of retail and tourism, making a lasting impact on the Kingdom’s economic landscape.
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