Red Sea Global awards new Amaala contracts to Saudi Arabian Baytur Construction Company
- New contracts cover construction of part of Amaala’s world class Marina Village, including its state-of-the-art marine life institute and the Yacht Club at Triple Bay
Riyadh, 30 March 2023: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has awarded two major new contracts for the first phase of development at Amaala’s Triple Bay Marina Village to construction firm Saudi Arabian Baytur. The contracts include work on Red Sea Global’s marine life institute - the world’s first fully immersive experiential marine life center – plus its Yacht Club.
As part of the contracts, Baytur will be responsible for the construction and oversight of numerous aspects of the Triple Bay Marina Village and marine life institute, including structural concrete, dewatering, earthworks, and back of house finishes. Another contract covers the concrete, steel, and mechanical, electrical and plumbing (MEP) works for the Yacht Club at Triple Bay.
“To develop a truly state-of-the-art marina village at Amaala, we need partners that are not only best in their fields, but who understand and align with our goals and governance principles," said Fahad Al Balawi, Head of Construction of Amaala at Red Sea Global.
“Through our existing work with Saudi Arabian Baytur, we have seen first-hand the high-quality execution of the construction contracts they undertake. And working with best-in-class organizations based here in the Kingdom, we can further our commitment to help create opportunities for Saudi businesses, and work with the best in Saudi talent.”
Murat Giray, CEO of Saudi Arabian Baytur, said: “We are delighted to be expanding our partnership with Red Sea Global. We feel ideally suited to support them in creating truly world-class destinations, working with them and alongside other partners – such as leading architects Foster + Partners - to set new standards in sustainable development and create destinations that will put Saudi Arabia on the map.”
Designed to evolve and elevate the very best in travel, Amaala is an ultra-luxury destination and the first global integrated family wellness destination, set to curate transformative personal journeys inspired by arts, wellness, and the purity of the Red Sea. State-of-the-art facilities and an attractive year-long events calendar will ensure Amaala is a distinctive wellness destination worldwide.
The first development phase of Amaala is well underway and expects to welcome its first guests in 2024. Upon completion, Amaala will be home to more than 3,000 hotel rooms across 25 hotels, and approximately 900 luxury residential villas, apartments, and estate homes, alongside high-end retail establishments, fine dining, wellness, and recreational facilities.
About Red Sea Global
Red Sea Global (RSG - www.redseaglobal.com) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) ofSaudi Arabia.
RSG is a global multi-project developer, seeking to lead the world towards a more sustainable future, showing how responsible and regenerative development can uplift communities, drive economies, and enhance the environment. The protection of natural capital is central to all development decisions, as the organization seeks to create abetter future for all.
A cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify its economy, RSG is playing a key role in transforming the nation, by creating exciting opportunities for young Saudi talent and the private sector, as it develops built assets and destinations across multiple sectors that make a positive impact for people and planet.
RSG is the visionary company behind some of the world’s most ambitious development ventures, including luxury regenerative tourism destinations such as The Red Sea and AMAALA.
Across its portfolio, RSG leverages the most innovative concepts, strategies, and technologies to deliver projects that actively enhance the wellbeing of customers, communities, and environments.
