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

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The Red Sea Development Company says contracts worth $1.7bn signed for AMAALA to date
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 19
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

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