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Amaala celebrates milestone moment with over SAR 6.62 billion of contracts

Published

07 Sep 2022

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Amaala celebrates milestone moment with over SAR 6.62 billion of contracts

Published

07 Sep 2022

Share

Ultra-luxury tourism destination located along Saudi Arabia’s north-western coast outlines impressive and tangible progress, with first phase of development on track for completion in 2024

 

"Riyadh, (07 September 2022): Red Sea Global (Formerly known as TRSDC), the world’s most ambitious regenerative tourism projects, The Red Sea and Amaala, has announced tangible progress across the development, with over 300 contracts signed to date, worth in excess of SAR 6.62 billion ($1.7bn). More than 98 percent of the total contract value has been awarded to Saudi firms, highlighting the organizations commitment to strengthening the local economy. These include agreements for the design and build of state-of-the-art accommodation and facilities at the destination for future employees. An additional 6.1 billion riyals of contracts is currently out to tender, across 54 proposals."
Surpassing 300 contract awards underscores the scale of this project and the significant progress being made as we press ahead with activity on the ground to bring our destination to life. At Amaala, we are working to create a sustainable, purpose- and meaning-driven destination for the discerning traveler, and remain closely aligned with the goals of the Kingdom’s Vision 2030, as we develop one of the top global tourism destinations of the future. I am delighted to be able to showcase the results achieved by our brilliant team and partners
Said John Pagano, Group CEO of RSG.
"Spanning over 4,155 square kilometers of pristine terrain and set within the Prince Mohammad bin Salman Natural Reserve, the first phase of Amaala is focused on the Triple Bay masterplan. Eight hotels and upwards of 1,200 hotel keys are set for completion in 2024. Work is well underway on-site to progress the enabling infrastructure and groundwork required to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date. This includes the successful completion of 11 km of roads ahead of schedule to better connect the site. The entrance for Triple Bay is under construction and expected to be completed by October 2022. The first section of the Construction Village, a home to 5,000 construction workers, is now operational. An additional two sections are in progress to provide accommodation for a further 10,000 workers. Secondary infrastructure works are also in progress for the development of the first phase of Amaala's world-class accommodation at the Employee Village in Triple Bay, set to accommodate nearly 20,000 employees who will eventually operate the destination."
 
Construction on the destination’s transport links has also commenced, with the airside infrastructure works for the destination’s new airport progressing on schedule. The fast-track contract for the works was awarded to Rawabi BUTEC in 2020 and includes the development of the airport’s 3,150m runway, taxiways and aprons, alongside additional infrastructure.
This project is a cornerstone of Vision 2030, and it is an honor for Rawabi BUTEC to contribute to such a unique destination. We look forward to applying our sustainable design and construction know-how to ensure the safe and timely achievement of delivering the new airport, while preserving the exceptional surrounding environment.
"said Abdulaziz AlTurki, Rawabi BUTEC Chairman "

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) of Saudi Arabia. It is a vertically integrated real estate developer with a diverse portfolio across tourism, residential, experiences, infrastructure, transport, healthcare, and services. This includes the luxury regenerative tourism destinations The Red Sea, which began welcoming guests in 2023, and AMAALA, which remains on track to welcome first guests in 2025. A third destination, Thuwal Private Retreat, will open this year, and RSG has also been entrusted with refurbishment works at Al Wajh Airport, focused on upgrading the existing terminal and infrastructure, and building a new international terminal. RSG is a cornerstone of Saudi Arabia’s ambition to diversify its economy. Across its growing portfolio of destinations, subsidiaries, and businesses, RSG seeks to lead the world towards a more sustainable future, showing how responsible development can uplift communities, drive economies, and enhance the environment.

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.

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