RSG awards $266mln contracts for Saudi ultra-luxury tourism hub

RSG awards $266mln contracts for Saudi ultra-luxury tourism hub

Saudi-based Red Sea Global (RSG) has awarded a primary infrastructure and utility contract worth nearly SR1 billion ($266 million) to Al Ayuni Investment and Contracting Company to deliver the first phase of development at Amaala, an ultra-luxury tourism destination located along the Kingdom’s north-western coast, across its Triple Bay masterplan.

A cornerstone of Saudi Arabia’s Vision 2030 ambition to diversify its economy, RSG is the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala.

According to RSG, Amaala’s first phase of development, focused on the Triple Bay masterplan, will encompass eight hotels and upwards of 1,200 hotel keys, upon full completion in 2027.

The destination will offer 3,000 hotel rooms across 25 hotels as well as high-end retail establishments, fine dining, wellness, and recreational facilities, it stated.

As per the deal, Al Ayuni will be responsible for delivering primary utility infrastructure systems, while minimizing Triple Bay’s carbon footprint as part of Amaala’s commitment towards net-zero operations, it added.

"Today’s infrastructure deal forms a critical part of Red Sea Global’s ambition to pioneer a new relationship between luxury tourism and the natural environment," remarked its Group CEO John Pagano.

"The sheer scale of the developments and our relentless pursuit of regenerative