Red Sea Global hands out $270m contract for infrastructure works at luxury destination

RIYADH: Tourism project Red Sea Global has awarded a nearly SR1 billion ($270 million) contract to Saudi-based Al-Ayuni Investment and Contracting Co. to develop utilities infrastructure systems at one of its resorts.

The firm will carry out the work in the first phase of development at Amaala, an ultra-luxury tourism destination located along the Kingdom’s north-western coast, across its Triple Bay masterplan.

Al-Ayuni will also work on minimizing Triple Bay’s carbon footprint as part of Amaala’s commitment towards net-zero operations.