Amaala has unveiled the design for its Triple Bay Yacht Club. Photo: Amaala
Amaala has unveiled the design for its Triple Bay Yacht Club. Photo: Amaala
Amaala has unveiled the design for its Triple Bay Yacht Club. Photo: Amaala
Amaala has unveiled the design for its Triple Bay Yacht Club. Photo: Amaala

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Amaala unveils designs for world-class yacht club on Saudi Arabia's Red Sea

The new facility is set within the Triple Bay Marina in the Prince Mohammed bin Salman Nature Reserve

Selina Denman
Selina Denman

May 23, 2022

  • English
  • Arabic

Amaala, a luxury development on Saudi Arabia’s north-western coast, has unveiled the design for its Triple Bay Yacht Club.

Set within the Triple Bay Marina in the Prince Mohammed bin Salman Nature Reserve, the club moves Amaala towards its goal of becoming an international yachting hub.

Its design draws inspiration from the unique rock formations of Saudi Arabia's Red Sea coastline, which are translated as cantilevered terraces that echo the natural contours of the surrounding cliffs.

HKS Design, the company responsible for the project, also draws on the relationship between mankind and the sea, and builds on the idea of the yacht club acting as a meeting point between the land and the sea.

Amaala will have a 120-berth marina for vessels up to 130 metres in length. Photo: Amaala
Amaala will have a 120-berth marina for vessels up to 130 metres in length. Photo: Amaala

“Amaala is one of the flagship Saudi Vision 2030 projects and remains central to the kingdom’s ambition to become a global tourism leader,” says John Pagano, chief executive of Amaala.

“We anticipate that Amaala will become an international hub for luxury yachting, and as such, the yacht club required a world-class design, influenced by the surrounding natural elements and Arabic heritage, and underpinned by our commitment to sustainability.”

The design also borrows from traditional Arabian houses, with its smooth white exterior and palette of natural and locally sourced materials, such as stone, timber and leather.

The entrance is set within an arch that forms a shaded plaza and acts as a frame for dramatic views of the Red Sea. The area has a mirrored vaulted ceiling over a starlit floor for an added sense of theatre.

The entrance features a mirrored vaulted ceiling over a star-lit floor. Photo: Amaala
The entrance features a mirrored vaulted ceiling over a star-lit floor. Photo: Amaala

Set over four levels and 7,900 square metres, the Triple Bay Yacht Club will house lounges and restaurants, as well as a 120-berth marina for vessels up to 130 metres long. It is designed for residents and yachting events, regattas and launches, with deepwater superyacht berths, a fuel dock and personalised services.

“We were clear from the outset that we wanted to create a building of its place, with the design drawing inspiration from local landscapes and culture, alongside the nature of the marine lifestyle,” said Dan Flower, HKS design director and lead architect for Amaala Yacht Club.

“The team wanted to reimagine the yacht club as a modern concept, a home from home for nautical enthusiasts from all backgrounds, from leisure to elite sport.”

Set across 4,155 square kilometres and scheduled to host its first guests in 2024, Triple Bay spans three natural bays. It consists of eight resorts offering more than 1,300 hotel rooms and will feature dining outlets and retail and leisure facilities.

All the hotels opening at Saudi Arabia's Red Sea — in pictures:

  • Grand Hyatt The Red Sea is part of phase one of the mega-tourism project in Saudi Arabia. All photos: The Red Sea Development Company
    Grand Hyatt The Red Sea is part of phase one of the mega-tourism project in Saudi Arabia. All photos: The Red Sea Development Company
  • SLS Red Sea will welcome guests to Shaura Island in early 2023.
    SLS Red Sea will welcome guests to Shaura Island in early 2023.
  • Nujuma, a Ritz-Carlton Reserve, is scheduled to open in 2023. Photo: Marriott International
    Nujuma, a Ritz-Carlton Reserve, is scheduled to open in 2023. Photo: Marriott International
  • The St Regis Red Sea Resort will be located on a private island and offer travellers a Maldivian-style experience.
    The St Regis Red Sea Resort will be located on a private island and offer travellers a Maldivian-style experience.
  • Eco-friendly mountain resort Desert Rock was the first hotel to be announced for Saudi Arabia's Red Sea Project.
    Eco-friendly mountain resort Desert Rock was the first hotel to be announced for Saudi Arabia's Red Sea Project.
  • The Red Sea Edition on the island of Shaura will be designed to reflect the best of the location's cultural and social environment.
    The Red Sea Edition on the island of Shaura will be designed to reflect the best of the location's cultural and social environment.
  • Six Senses Southern Dunes will be one of the first hotels to open at the destination.
    Six Senses Southern Dunes will be one of the first hotels to open at the destination.
  • The first Raffles resort in the kingdom, Raffles Red Sea, promises a nature-focused stay.
    The first Raffles resort in the kingdom, Raffles Red Sea, promises a nature-focused stay.
  • The InterContinental Resort Red Sea will have sea-facing rooms and direct beach access.
    The InterContinental Resort Red Sea will have sea-facing rooms and direct beach access.
  • Jumeirah's hotel at the Red Sea will have open-plan suites with views of the pristine shorelines.
    Jumeirah's hotel at the Red Sea will have open-plan suites with views of the pristine shorelines.
  • Fairmont Red Sea is a luxury family-friendly hotel with a focus on wellness and nature.
    Fairmont Red Sea is a luxury family-friendly hotel with a focus on wellness and nature.
  • Hyatt-owned Miraval The Red Sea will be home to the region's largest spa. Photo: Hyatt
    Hyatt-owned Miraval The Red Sea will be home to the region's largest spa. Photo: Hyatt
  • Playa Hotels & Resorts has also announced it will open a luxury all-inclusive property on Saudi Arabia's Red Sea. Photo: Playa Hotels & Resorts / Facebook
    Playa Hotels & Resorts has also announced it will open a luxury all-inclusive property on Saudi Arabia's Red Sea. Photo: Playa Hotels & Resorts / Facebook
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Price: from Dh195,000 

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On sale: October to December

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Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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Director: Majid Al Ansari

Rating: 4/5

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Marathon results

Men:

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2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

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2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

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Updated: May 23, 2022, 2:01 PM