Commencement of SR50 million Labor Complex Construction by Red Sea Housing

Commencement of SR50 million Labor Complex Construction by Red Sea Housing

New and Improved: Red Sea Housing's Growth in King Abdullah Economic City

Red Sea Housing Company is stepping up its game in King Abdullah Economic City (KAEC), contributing significantly to the city's economic and social development. The company is gearing up for the construction of a SR50 million labor complex by the second quarter of 2014, covering a 150,000 sqm area in KAEC. This large-scale complex will provide much-needed lodging for the workforce involved in KAEC's development and the staff of companies within the city.

In addition to the labor complex, Red Sea Housing has announced plans for its fourth manufacturing facility in KAEC. This expansive 193,000 sqm production facility, part of the company's ongoing expansion strategy, is set to increase Red Sea Housing's overall production capacity by 35 percent, reaching a whopping 1 million sqm annually.

Fahd Al-Rasheed, MD & CEO of KAEC, congratulated the directors of Red Sea Housing on their substantial investment decision and expressed his enthusiasm for providing them with all the necessary assistance in establishing their new plant in KAEC. Donnie Sumner, VP, KSA operations of Red Sea Housing, emphasized the attractiveness of KAEC due to its world-class infrastructure, ease of doing business, and strategic location near King Abdullah Seaport and the upcoming rail network.

Red Sea Housing boasts a wealth of expertise in constructing prefabricated and quality-certified labor housing for projects in remote locations. As they invest more in this field, their business is poised for substantial growth.

It's no secret that Red Sea Housing's expansion in KAEC aligns closely with Saudi Arabia's Vision 2030 goals. The company's focus on KAEC capitalizes on the city's infrastructure development and strategic location, while their commitment to delivering affordable, sustainable, and quality housing supports the government's aim for vibrant, inclusive urban communities.

Red Sea Housing's expansion supports Vision 2030's goal of creating a thriving economy by fostering construction and real estate sectors, generating jobs, and attracting investments in KAEC. Construction activities and subsequent urban community developments create employment opportunities, helping to develop human capital and meet the growing demand for housing in the region.

The expansion also benefits from KAEC's comprehensive infrastructure, enhancing residents' quality of life and business attractiveness. Moreover, Red Sea Housing's contributions to KAEC catalyze the transformation of the city into a sustainable urban center on the Red Sea, supporting broader Red Sea Project and tourism-led growth strategies under Vision 2030.

In summary, Red Sea Housing's expansion in KAEC is a strategic move aligned with Saudi Arabia’s Vision 2030. Not only does this expansion deliver affordable housing, support economic diversification, and create employment, but it also fosters sustainable urban development in a key emerging megacity on the Red Sea coast. This expansion not only benefits the company but significantly advances the Kingdom’s social and economic objectives for the next decade.

1. The new manufacturing facility, a part of Red Sea Housing's expansion strategy, is set to boost their annual production capacity by 35 percent, reaching over 1 million sqm, as announced in King Abdullah Economic City (KAEC).
2. Red Sea Housing's investment decision to establish their new plant in KAEC is backed by Fahd Al-Rasheed, the MD & CEO of KAEC, who sees the city's world-class infrastructure, ease of doing business, and strategic location as key factors for this move.
3. Donnie Sumner, VP, KSA operations of Red Sea Housing, expressed that the company's focus on KAEC is in line with Saudi Arabia's Vision 2030 goals, aiming to create vibrant, inclusive urban communities and contribute to the development of King Abdullah Economic City.
4. Apart from the labor complex, Red Sea Housing is also planning its fourth manufacturing facility in KAEC, which will cater to the increasing demand for housing in the region and support the government's aim for sustainable urban development.
5. Red Sea Housing's expansion in KAEC is a strategic step towards achieving Saudi Arabia’s Vision 2030 by fostering growth in the construction and real estate sectors, generating employment, and attracting investments, all while delivering affordable, sustainable, and quality housing in a key emerging megacity on the Red Sea coast.

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