Saudi developer awards facilities management contract for its coastal village
Now Reading
Saudi developer awards facilities management contract for its coastal village

Saudi developer awards facilities management contract for its coastal village

The Coastal Village area includes management offices, villas, townhouses and apartments, and a 144-room hotel

The Red Sea Development Company (TRSDC), Saudi-based developer, has awarded a contract to El Seif Group for facilities management services at The Red Sea Project’s Coastal Village.

Middle East-based El Seif Group will be responsible for delivering facilities management services to 18 residential buildings, 200 villas and townhouses, and the management office at the Coastal Village, where 14,000 employees who will eventually operate the destination will live and work.

“Like our guests, our employees are at the heart of our destination which is why the Coastal Village has been designed to set new standards in employee accommodation and welfare practices. By working with leading service provider, El Seif Group, we are honoring our commitment to provide our employees with the highest quality of accommodation and facilities which are both comfortable and secure,” said John Pagano, CEO, The Red Sea Development Company.

El Seif Group was selected due to its alignment with TRSDC’s environmental and social principles, a statement said.

Fahad El Seif, vice chairman, IFM ‘Integrated Facility Management, El Seif Group said “The size and scale of TRSDC’s Coastal Village is incredibly ambitious and their commitment to go above and beyond existing employee welfare standards is impressive. Through our collaborative approach we intend to work closely with TRSDC to oversee the planning and implementation of services and protocols to ensure a high-quality service for every employee.”

The 1.5 million m² Coastal Village area includes management offices, villas, townhouses and apartments, and a 144-room hotel. It will offer a range of amenities and leisure facilities including fitness centers, beach clubs and dining outlets, as well as a hospital and school. The village uses off-site manufacturing and prefabrication techniques to develop buildings, reducing the carbon footprint. TRSDC also uses eco-friendly, sustainable ‘green’ concrete on-site to minimise emissions throughout the construction process.

The Red Sea Project is on track to welcome the first guests by the end of 2022, when the international airport and the first hotels will open. Upon completion in 2030, The project will comprise 50 resorts, offering up to 8,000 hotel rooms and more than 1,000 residential properties across 22 islands and six inland sites.

The developer closed a SAR14.12bn ($3.76bn) term loan facility and revolving credit facility with four Saudi banks, it announced in April this year.

Read: Saudi developer clinches $3.7bn green loan for The Red Sea Project

Also read: Exclusive interview: John Pagano, CEO of The Red Sea Development Company and Amaala

You might also like

© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top