AMAALA advances: Saudi giga project set to award contracts worth $1.6bln

AMAALA advances: Saudi giga project set to award contracts worth $1.6bln

Saudi ultra-luxury tourism project AMAALA has 6.1 billion Saudi riyals ($1.6 billion) of contracts currently out to tender across 54 proposals, the project’s developer The Red Sea Development Company (TRSDC) said in a press statement.

The statement said 300 contracts worth more than 6.62 billion Saudi riyals ($1.76 billion) have been signed to date with Saudi firms accounted for more than 98 percent of the total contract value.

“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,” said John Pagano, Group CEO of TRSDC.

Spanning over 4,155 square kilometres within the Prince Mohammad bin Salman Natural Reserve, the first phase of AMAALA is focused on the Triple Bay masterplan.

AMAALA Construction updates

- Work is underway for enabling infrastructure and groundwork with more than 2,400 staff already on site and 9.9 million manhours logged to date.

- 11 kilometres of roads were completed ahead of schedule, while the entrance for Triple Bay is expected to be completed by October 2022.

- 8 hotels and upwards of 1,200 hotel keys are set for completion in 2024.

- The first section of the Construction Village, designed to house