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Red Sea Global (RSG), the Saudi developer of tourism giga projects, announced on Sunday that it has awarded a primary infrastructure and utility contract valued at nearly 1 billion Saudi riyals ($266 million) for the first phase of development at Amaala ultra-luxury tourism destination across its Triple Bay masterplan.
The project will be undertaken by Al-Ayuni Investment and Contracting Company, RSG said in a press statement.
Al-Ayuni will be responsible for delivering Primary Utility Infrastructure Systems, while minimising Triple Bay’s carbon footprint as part of Amaala’s commitment towards net-zero operations.
“Today’s infrastructure deal forms a critical part of Red Sea Global’s ambition to pioneer a new relationship between luxury tourism and the natural environment,” said John Pagano, Group CEO of RSG. “The sheer scale of the developments and our relentless pursuit of regenerative tourism require meaningful partnerships that can deliver resilient infrastructure.”
Faheed Al-Ayuni Chairman of Al-Ayuni Investment and Contracting Company added that the contractor looks forward to unlocking the full breadth of its “robust capabilities to meet RSG’s ambitious sustainability targets.”
Phase 1 of Amaala, focused on the Triple Bay masterplan, will encompass eight hotels and upwards of 1,200 hotel keys. Upon full completion in 2027, the destination will offer 3,000 hotel rooms across 25 hotels as well as high-end retail establishments, fine dining, wellness, and recreational facilities.
(Writing by Senthil Palanisamy; Editing by Anoop Menon)
