Red Sea International signs $175mn contract with Webuild

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NOHA.GAD
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Aug 19, 2024
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Riyadh - Sharikat Mubasher: Red Sea International (RSI), a market-leading integrated building solutions provider, signed a contract worth SAR 658 million (around $175 million) with the Italian construction group Webuild to build a residential camp in the Trojena area at Neom.

RSI revealed in a statement that the Italian group will be responsible for designing, manufacturing, supplying, and installing prefabricated buildings, including residential units and supporting buildings such as a mosque, dining halls, a medical clinic, and a gym.

The project will be implemented in two phases and is expected to be delivered by the end of 2025.

RSI is the developer behind ambitious Saudi tourism destinations the Red Sea and Amaala. It uses high-quality local products and manufactures modular units in local, regional, and global manufacturing facilities to meet the housing, catering, and food service requirements of various strategic projects.


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