The Red Sea Development Company (TRSDC), the developer behind ultra-luxury tourism destination AMAALA, has signed over 300 contracts to date, worth more than SAR 6.62 billion (USD1.7bn). More than 98 percent of the total contract value has been awarded to Saudi firms, highlighting the organisations 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 traveller 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 TRSDC.
Rawabi BUTEC chairman, Abdulaziz AlTurki, said: “This project is a cornerstone of Vision 2030, and it is an honour 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.”
Spanning over 4,155 square kilometres 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.
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.
In addition to key infrastructure construction, AMAALA is breaking ground across its tourism offering. Bulk earthwork is in progress, with nearly 50 percent of the total fill quantity completed to date in key super plots. This includes the AMAALA Yacht Club, the Red Sea Marine Life Institute, The Marina and the Wellness Core, as well as three of the first hotels.
In line with TRSDC’s broader commitment to responsible development across its expanding portfolio, AMAALA aims to operate with a zero-carbon footprint. Like The Red Sea, the destination will be powered by renewable energy with no connection to the national grid and send zero waste to landfill.
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