The Red Sea Development Company (TRSDC) has commenced development of the Coastal Village, a residential and commercial area that will house the workers, staff and management of The Red Sea Project.
Construction of corporate offices is already underway and is scheduled for completion by Q2 2020. It will accommodate 500 people and provide supporting amenities including a 160-seat restaurant and 100-seat auditorium.
TRSDC has also signed a contract for construction of the first ten residential apartment buildings within the Coastal Village, which will be home to around 14,000 people working at the destination when the first phase opens in 2022. The village will also provide temporary housing for 25,000 workers who are building the infrastructure and assets.
Saudi-based Al Majal Al Arabi is designing and building the management offices. It recently signed a separate contract with TRSDC to build 5,000 residential units for construction workers.
The contract for building the residential apartments has been awarded to Saudi Amana Contracting, a subsidiary of UAE-based Amana Contracting Group.
The first five apartment buildings are expected to be completed by Q3 2020 while the remaining five by Q4 in the same year, delivering a total of 300 apartments.
The Red Sea Project is on track for completion by the end of 2022, including 14 luxury hotels offering 3,000 rooms across five islands and two inland resorts.
Earlier this year, TRDSC, owned by the Public Investment Fund, announced the commencement of construction for its one square kilometer landscape nursery, a 3.3-km crossing to a hub island, and 10,000 residential units for construction workers.
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