Red Sea International awards contract for prefabricated residential project ...United Arab Emirates

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Red Sea International awards contract for prefabricated residential project
The Red Sea International Company has signed a contract worth US $7.76mn with The Fundamental Installation for Electric Work Company (known as ‘First Fix’) to design, manufacture, supply and install prefabricated buildings for a residential project in NEOM. Elements of this work will involve the use of innovative 3D printing techniques, allowing more rapid on-site construction as well as considerably reducing overall time-frames and schedules. Hence, a relatively ambitious portfolio of project work is scheduled for inclusion in this new four-month contract. The financial impact of the contract will be shown in revenues and profits in the period starting from Q3 2023, the company said in its

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