The Red Sea Project Achieves Construction Milestones

The Red Sea Development Company, the developer behind Saudi Arabia’s flagship international regenerative tourism initiative The Red Sea Project, has awarded to date more than 500 contracts to international and local firms. Collectively worth around SAR 7.5 billion ($2 billion), these include awards for the design, build and operation of the following projects:

• Archirodon is constructing a crossing linking Shurayrah Island (the destination’s main hub) to the mainland, as well as a number of jetties.
• Saudi Amana Contracting has delivered the first volumetric prefabricated units, which were built in a newly established facility in Saudi Arabia. These units will form part of the Coastal Village development, a new town set to house the 14,000 staff who will operate the destination once complete.
• The development of the Construction Village, which will be home to 10,000 construction workers, is nearing completion with all 1,876 cabins built offsite, delivered and assembled. While the onsite landscape nursery, which spans over 1 million square meters, is fully operational and set to deliver upwards of 15 million plants.

• In July this year, TRSDC signed its largest contract to date for airside infrastructure works for the destination’s international airport, set to open in 2022. The contract was awarded as a joint venture to Nesma & Partners Contracting Co. Ltd and Almabani General Contractors.

By the end of 2020, more contracts will be awarded including the airport terminal, an airport operator and a major public-private partnership utilities package that will secure 100% renewable energy generation, water desalination, waste treatment and district cooling. Together, these contracts will take aggregate commitments to a total approaching SAR 15 billion ($4 billion).

The Red Sea Project has already passed significant milestones and work is on track to welcome the first guests by the end of 2022, when the international airport and the first four hotels will open. The remaining 12 hotels scheduled for completion in Phase I will open in 2023, delivering a total of 3,000 rooms across five islands and two inland resorts.