AMAALA celebrates milestone moment with over SAR 6.62 bln of contracts signed to date

AMAALA celebrates milestone moment with over SAR 6.62 bln of contracts signed to date

Muscat: The Red Sea Development Company (TRSDC), the developer behind ultra-luxury tourism destination 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 organization’s 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 TRSDC.

Spanning over 4,155 square kilometers of pristine terrain and set within the