Red Sea Global inks contract for Enabling Marine Infrastructure
First major construction contract signed for The Red Sea Project
Red Sea Global RSG (formerly known as TRSDC), the developer behind one of the world’s most ambitious tourism development initiatives, has awarded a contract to Archirodon, a global leader in marine infrastructure projects, for the construction of key enabling works at the 28,000 square kilometre destination.
The contract award, which followed a competitive tender process, specifies the construction of a 3.3 km crossing to Shurayrah, the main hub island for the first phase of The Red Sea Project. Also included in the award are two coastal jetties, and a further four island jetties. The work is scheduled for completion by November 2020."
About Red Sea Global
Red Sea Global (RSG - www.redseaglobal.com) is a closed joint-stockcompany wholly owned by the Public Investment Fund (PIF) of Saudi Arabia.
RSG is a global multi-project developer, seeking to lead the worldtowards a more sustainable future, showing how responsible andregenerative development can uplift communities, drive economies, andenhance the environment. The protection of natural capital is central toall development decisions, as the organization seeks to create a betterfuture for all.
A cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify itseconomy, RSG is playing a key role in transforming the nation, bycreating exciting opportunities for young Saudi talent and the privatesector, as it develops built assets and destinations across multiplesectors 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.