ALBAWABA – Red Sea International, a Saudi public joint stock company, announced sealing a deal worth 658-million-riyal (over $175 million) at the Neom project in Saudi Arabia. The project is a joint venture between Red Sea International Company and Webuild, an Italian industrial group specializing in construction and civil engineering.
Staff camp at Trojena Dam
Red Sea International announced that the new project, in collaboration with Webuild, involves constructing a staff camp for employees at the Trojena Dam, part of the NEOM project. The project’s scope includes the design, manufacture, supply, and installation of prefabricated buildings, accommodation units, supporting buildings, and civil works.
The contract signed between Red Sea International and Webuild companies is set to last for 12 months. (Shutterstock)
Additionally, the staff camp at Trojena Dam will include residential units, a mosque, a medical clinic, and a gym to serve the employees at Neom. The company said the value of the contract is estimated at approximately 658 million riyals (excluding value-added tax).
658-million-riyal contract
The contract signed between Red Sea International and Webuild companies is set to last for 12 months. It includes the design, manufacture, supply, and installation of prefabricated buildings, including residential units and supporting buildings. The new camp will feature a mosque, dining halls, a medical clinic, and a gym, in addition to civil works that serve the employees and staff at Trojena Dam.
The parties agreed to implement the project in two phases. The first phase will commence immediately, while the second phase will proceed based on the client’s approval and in accordance with the contract’s terms and conditions.
