Saudi Arabia’s Red Sea Development Company signs $2bn worth of contracts to date

Saudi Arabia’s Red Sea Development Company signs $2bn worth of contracts to date

Saudi Arabia's Red Sea Development Company signs $2bn worth of contracts to date

Saudi Arabia's Red Sea Development Company signs $2bn worth of contracts to date

1 / 3

Follow @arabnews

Saudi Arabia's Red Sea Development Company signs $2bn worth of contracts to date

More than 500 contracts have been awarded to companies from 24 countries, and work on the project's transport links is underway

Updated 13 sec ago

Follow @arabnews

RIYADH: The Red Sea Development Company (TRSDC), which is behind the Kingdom's flagship international tourism project, has signed SR7.5 billion ($2 billion) worth of contracts to date, the Saudi Press Agency reported.

More than 70 percent of the contracts' total value has been awarded to Saudi firms, highlighting TRSDC's commitment to strengthening the local economy.

"This significant landmark underscores the scale of our project and the remarkable progress made