Saudi Arabia – The Red Sea International Company (RSI) has awarded a SAR658 million ($175.2 million) contract to the renowned Italian engineering firm Webuild for constructing a workers’ camp for the Trojena Dam project in the futuristic city of NEOM.
The contract encompasses the design, manufacture, supply, and installation of prefabricated buildings, including accommodation units, support structures, and associated civil works, according to RSI’s announcement to the Saudi stock exchange.
The workers’ camp will include residential units and various support facilities such as a mosque, dining halls, a medical clinic, and a gym. The contract also covers the civil works required for the camp supporting the Trojena Dam project.
The project will be executed in two phases. The first phase is set to commence immediately, while the second phase will proceed upon client approval and in line with the contractual terms. The entire project is scheduled for completion within 12 months.
RSI anticipates the financial impact of the project to be reflected from Q3 2024 through the end of 2025.
RSI, a leading Saudi company, specializes in providing model solutions for building high-quality administrative and residential complexes, as well as field hospitals.
