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Red Sea Development awards contract to Emirati, Saudi companies

Red Sea Development awards contract to Emirati, Saudi companies
The new project is set to house 10,000 construction workers

Riyadh – Mubasher: The Red Sea Development Company (TRSDC) has awarded a contract to two companies based in UAE and Saudi Arabia for the construction of a residential village for workers at the destination.

Each of the winning companies, a joint venture between ARCCO and Speedhouse, in addition to Saudi company Al Majal Al Arabi Group, will construct 5,000 units over the next 10 months, according to a company statement released on Tuesday.

“A healthy, happy workforce is key to the delivery of the destination in line with our sustainable development approach; an approach which is guided by a commitment to set new standards at every stage of the development,” CEO of TRSDC, John Pagano, said.

The new project is set to house 10,000 construction workers working on the site, TRSDC revealed, adding that 25,000 construction workers would be housed in the upcoming Coastal Village, which will be awarded later this year.

“We look forward to working with the Red Sea management team to deliver this project in line with the timelines and environmental standards required,” CEO of Al Majal Al Arabi, Mazen Alzahrani, commented.

The Construction Village will comprise residential buildings positioned to form neighbourhoods around a centralized area, which will be equipped with a range of recreational facilities including cricket pitches, volleyball and basketball courts, along with football pitches, a gym, pool, and cinema.