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Amaala first phase to complete by 2027

14 May 2024

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The first phase of the Red Sea Project in Saudi Arabia is due for completion in 2025 while the first phase of Amaala will be completed by 2027.

Ben Edwards, group head of cost, commercial and procurement, Red Sea Global (RSG), confirmed the timelines at the MEED Saudi Giga Projects event in Riyadh on 13 May.

"The whole scheme is expected to be completed by 2030,” Edwards said.

Amaala will deliver 1,945 hotel keys and 430 residential units by 2026. One island and two coastal locations will be further developed by 2030.

Edwards added: “We opened the Six Senses resort in November last year, St Regis opened in January and the Thuwal resort will be ready this year.”

Amaala progress

Amaala is a coastal development that covers an area of about 2,500 square kilometres.

Amaala previously planned the project. In October 2022, Amaala merged with The Red Sea Development Company to form RSG, which is now implementing the project.

The scheme's first phase, which focuses on the Triple Bay masterplan, will be completed in 2027. 

The total development will include 27 hotels with a combined 37,000 keys.

RSG has adopted a construction management approach to deliver its projects. 

Schemes are divided into individual trade works packages procured by the developer rather than being awarded to a series of main contractors. There are typically about 20 work packages for each project.

MEED's April 2024 special report on Saudi Arabia includes:

> GVT & ECONOMY: Saudi Arabia seeks diversification amid regional tensions
> BANKING: Saudi lenders gear up for corporate growth
> UPSTREAM: Aramco spending drawdown to jolt oil projects
> DOWNSTREAM: Master Gas System spending stimulates Saudi downstream sector
> POWER: Riyadh to sustain power spending
> WATER: Growth inevitable for the Saudi water sector
> CONSTRUCTION: Saudi gigaprojects propel construction sector
> TRANSPORT: Saudi Arabia’s transport sector offers prospects

 

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Sarah Rizvi

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