Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Joint Saudi-Greek companies’ venture gets key infrastructure contract at Red Sea Global

Joint Saudi-Greek companies’ venture gets key infrastructure contract at Red Sea Global

Greek development firm Archirodon has joined forces with Saudi Arabia’s Arabian Construction Co. to build a staff village at one of Red Sea Global’s leading tourist destinations.
The joint venture will see the construction of facilities in the Amaala development, including a beach club, mosque, and multifunctional hall, according to MEED.

The reported SR1 billion ($267 million) contract will also see the developers responsible for the engineering, installation, and other assorted aspects of the residential assets and infrastructure.

Archirodon has previously worked on the Red Sea project with regards to coral transplantation, including the relocation and transplantation of around 21,000 crates of the sea organism.

Once complete, Amaala will be home to more than 3,000 rooms across 25 hotels, as well as hosting around 900 luxury residential villas, apartments, and estate homes.

In January, RSG awarded a nearly SR1 billion 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, while also working on minimizing Triple Bay’s carbon footprint.

RSG has made involving Saudi companies in its development a key goal, and has organized a series of local and regional meetings highlighting partnership opportunities.

Representatives from more than 100 businesses attended the first regional meeting, held in Doha in March, with RSG looking to award about SR25 billion worth of contracts as the development grows.

So far in 2023, 70 percent of existing contracts were awarded to Saudi companies.

Speaking in March Ben Edwards, group head of cost, commercial and procurement, talked up the opportunities in construction for Red Sea Global destinations, including building infrastructure, marine and civil engineering, plumbing and furnishing.

He added that the company is also looking for partners with global experience in tourism, such as food and beverages and other hospitality services.

The Red Sea project is set to open its first three resorts this year, and its Red Sea International Airport is nearing the first phase of completion.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×