Saudi tourism hotspot Amaala records $1.7bln contracts

Saudi tourism hotspot Amaala records $1.7bln contracts

Saudi Arabia - The Red Sea Development Company (TRSDC), the developer behind ultra-luxury tourism destination Amaala, has announced more than 300 contracts signed to date, worth in excess of SR6.62 billion ($1.7 billion).

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 SR6.1 billion 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.

Spanning over 4,155 square kilometres of pristine terrain and set within the Prince Mohammad bin Salman