The Red Sea Development Company

Preferred bidder selected for red sea utilities package september 16 2020 saudigulf projects power 0 saudi arabia s the red sea development company trsdc selected the preferred bidder for the first phase of utilities package which will be developed under public private partnership ppp scheme.

The red sea development company. The red sea development company was established in 2018 and is owned by the public investment fund of saudi arabia. Trsdc was established to drive the development of the red sea project a luxury tourism destination that will set new standards in sustainable. The red sea project is the world s most ambitious luxury tourism development offering an exclusive experience of unparalleled diversity for discerning global travellers. The red sea.

Exclusive news comment and analysis on the mena region. The company behind a major tourism destination on saudi arabia s red sea coast that will include an archipelago of more than 90 islands as well as desert and mountain scenery hopes to award up. John pagano has been ceo of the red sea development co. Trsdc one of three megaprojects aimed at diversifying the saudi economy in line with vision 2030 since january 2018.

The red sea development company trsdc www theredsea sa is a closed joint stock company wholly owned by the public investment fund pif of saudi arabia. It is responsible for the development of the red sea project which is one of several giga projects announced by hrh crown prince mohammad bin salman bin abdulaziz al saud in 2017. Smart technology will deliver innovative tailored services from the moment visitors begin to research their trip to the time they return home and for years to come.