The Red Sea Development Company

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 development company. 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. An unrivalled 20 year old archive. 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. Trsdc one of three megaprojects aimed at diversifying the saudi economy in line with vision 2030 since january 2018.

Subscribe to read the full article become a meed subscriber for unlimited access to. Exclusive news comment and analysis on the mena region. The red sea development company received the final offer from two bidding teams on 30 august. 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.

John pagano has been ceo of the red sea development co. 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. The red sea.