The Red Sea Development Company says contracts worth $1.7bn signed for AMAALA to date ...United Arab Emirates

The Red Sea Development Company (TRSDC), the developer behind AMAALA, has announced tangible progress across the project, with more than 300 contracts signed to date, worth in excess of US$1.7bn. In a statement, TRSDC said more than 98% of the total contract value has been awarded to Saudi firms, highlighting the commitment towards 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 $1.62bn 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

Hence then, the article about the red sea development company says contracts worth 1 7bn signed for amaala to date was published today ( Friday 09/09/2022 - 11:52 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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