TRSDC to award $267m worth of contracts a month till Q1 2022 ...United Arab Emirates

The Red Sea Development Company (TRSDC) has said that it will award $267 million worth of contracts a month, until the end of Q1 2022, as it moves into its next phase of development. Speaking to CNBC Arabia, TRSDC’s chief administrative officer, Ahmed Darwish, said that the contracts will cover resorts, villas and hotels. To date, the developer has been focused on infrastructure and related equipment, which make up most of its completed projects, he added. Wholly owned by Saudi Arabia’s Public Investment Fund (PIF), The Red Sea Development Company is behind The Red Sea Project, a regenerative tourism destination that spans 28,000sqkm and features more than 90 islands along the kingdom’s west

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