More than 500 contracts have been awarded to companies from 24 countries and over 4,000 workers are currently engaged on the Red Sea Project site.
TRSDC ‘awarded $2bn contracts in three years’
01 December 2020
The Red Sea Development Company (TRSDC), the developer behind Saudi Arabia’s flagship international regenerative tourism initiative, has announced it has awarded to date more than 500 contracts to international and local firms.
Collectively worth around SR7.5 billion ($2 billion), these include awards for the design, build and operation of state-of-the-art accommodation and facilities at the destination.
One of the world’s most ambitious tourism projects that involve the development of several islands along the Saudi west coast, the Red Sea Project will be developed around several unique features including 200 km of untouched coastline; over 50 pristine islands and lagoons; thriving coral reefs and marine life; mountains and dormant volcanoes; and heritage sites. The masterplan has been developed in partnership with WATG and Buro Happold, and includes unique design concepts.
 |
|
Work on Construction Village, which is set to be home to 10,000 construction workers, is nearing completion. |
Since the company’s inception in 2017, over 70 per cent of the total value of contracts has been awarded to Saudi firms, highlighting TRSDC’s commitment to strengthening the local economy.
Overall, more than 500 contracts have been awarded to companies from 24 countries and over 4,000 workers are on site, which is indicative of the scale of the project and the international expertise required to create the unique destination.
Work on the destination’s transport links is well under way and includes developing 80 km of roads, highways and junctions to connect the destination, and the new international airport.
“This significant landmark underscores the scale of our project and the remarkable progress made to create the destination of the future,” remarks its CEO John Pagano.
Archirodon is constructing a crossing linking Shurayrah Island (the destination’s main hub) to the mainland and a number of jetties.
Meanwhile, 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 off-site, delivered and assembled. The onsite landscape nursery, which spans over one million sq m, 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. Awarded as a joint venture to two leading Saudi contractors, Nesma & Partners Contracting Company and Almabani General Contractors, the contract is another significant step in progress, while demonstrating TRSDC’s ongoing commitment to creating opportunities within the Saudi Arabian construction sector.
In addition to working with international and local companies, TRSDC has also forged partnerships with universities and ministries, as well as leading scientific and academic institutions. For instance, the company worked with King Abdullah University for Science and Technology (KAUST) on an ambitious marine spatial planning (MSP) programme to map out land and coral reef conservation areas at the site.
This exercise informed the concept masterplan which predicts a 30 per cent net conservation benefit by 2040, showcasing TRSDC’s commitment to setting new standards in regenerative sustainability.
