Red Sea Development Company’s CEO John Pagano opened on Tuesday the staff accommodation base camp on the site of Red Sea project, the firm said on its Twitter account.
The firm, fully owned by the Public Investment Fund (PIF), revealed last month that the board of directors has approved the master plan of the Red Sea Project.
According to data compiled by Argaam, upon the finalization of all phases, 22 islands will be developed (out of over 90 islands) and over 70,000 job opportunities will be provides. The project is seen to drive economic diversification in the Kingdom by attracting around 1 million tourists per year and contributing SAR 22 billion to the Kingdom’s gross domestic product (GDP).
We’re proud to have our CEO John Pagano today officially open our base camp on site at #TheRedSea Project! #TRSDC pic.twitter.com/muY244GG3e
— شركة البحر الأحمر للتطوير (@TheRedSeaSA) February 12, 2019
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