RSG awards $266mn contract to AL-AYUNI for first phase of development at Amaala ...United Arab Emirates

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RSG awards $266mn contract to AL-AYUNI for first phase of development at Amaala
Red Sea Global (RSG) has awarded a US $266.3mn contract to AL-AYUNI Investment and Contracting Company, for the first phase of development at Amaala, the ultra-luxury tourism destination located on the Kingdom’s north-western coast across its Triple Bay masterplan. In a statement, RSG said that the primary infrastructure and utility contract was awarded to AL-AYUNI based on its overall technical and commercial competencies, as well as its regional and global credentials. It added that all design and construction methods meet RSG’s stringent criteria for end-to-end sustainable development, including economic, financial, social, and institutional factors. Classified as a ‘First Class’ contract

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