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RSI Announces the Signing of a Contract with The Royal Commission of AlUla

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Element List Explanation
Introduction Red Sea International Company (RSI) has signed a contract with The Royal Commission for Al Ula (RCU) to construct a turnkey housing complex in AlUla
Date of Announcement of the Award 2021-06-16 Corresponding to 1442-11-06
Contract Subject Matter Design, construction, supply, and installation of high-quality modular units for The Royal Commission for Al Ula (RCU).
Date of Signing the Contract 2021-06-16 Corresponding to 1442-11-06
Contract Value SAR 52,932,503
Contract Details Red Sea International Company was awarded a contract from The Royal Commission for Al Ula (RCU) for the design, construction, supply and installation of 150 modular, high-quality and fully furnished accommodation units on a turnkey basis which shall serve as the housing complex for one of RCU’s strategic projects in AlUla.
Contract Duration Three (3) months
Financial Impact and the Relevant Period Revenues and profits will be realized in Q3 2021.
Related Parties There are no related parties in the Contract.
Additional Information It is worth noting that the Red Sea International Company (RSI) is a leading Saudi company in the field of providing modular solutions and construction of high quality administrative and residential complexes and field hospitals in very short periods and establishing the necessary infrastructure for various sectors, in addition to operating these complexes and providing all living requirements for guests during occupancy including electric energy, pure water, food supply and wastewater treatment. the company uses high quality local products and manufactures modular units in its local, regional and international manufacturing facilities to meet the housing requirements, catering and food services for various strategic projects, especially those initiatives emanating from the ambitious vision of the Kingdom of Saudi Arabia 2030.

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