“Red Sea Global of Saudi Arabia explores partnership opportunities in Egypt”

Red Sea Global, a Saudi-based company wholly owned by the Kingdom’s Public Investment Fund, recently held its second promotional procurement exhibition in Cairo. The event was conducted in partnership with MEED Network, the company’s media partner, and was attended by representatives from over 100 Egyptian private sector companies. The exhibition is part of a series of local, regional, and international introductory meetings aimed at establishing partnerships with the private sector to deliver the company’s growing portfolio of projects. Red Sea Global has been making continuous progress in implementing projects for its “Red Sea” and “Amaala” destinations, with contracts worth more than SR40 billion ($10.6 billion) awarded so far. This year, contracts worth SR5 billion have been awarded, with an additional SR20 billion expected to be awarded before the end of the year. The company is committed to an innovative approach that prioritizes sustainability and seeks to establish real partnerships with organizations and companies that share the same vision.