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Work begins on Red Sea Development Company construction village

Work begins on Red Sea Development Company construction village

24 July 2019 Tourism News

The Red Sea Development Company has awarded a contract for the construction of a residential village for workers at the destination. After a competitive tender, the contract was awarded in two parts to an ARCCO-Speedhouse joint venture based in the UAE and to Saudi company Al Majal Al Arabi Group.

Jay Rosen, head of finance and investments, Red Sea Development Company

Jay Rosen, head of finance and investments, Red Sea Development Company

11 April 2019 Videos

Jay Rosen, head of finance and investments for the Red Sea Development Company, tells Breaking Travel News about the huge hospitality opportunities currently on offer in Saudi Arabia. With as many as 50 hotels planned for the site in the coming decade, he tells us the giga-project represents a once-in-a-lifetime prospect for hotel investors.