The Red Sea Development Company signs MOC with Saudi Communications Commission

The agreement aims to enhance cooperation between The Red Sea Development Company and Saudi Arabia’s Communications and Information Technology Commission for the provision of advanced communications and information technology services

Wednesday, 21 October 2020 — The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has signed a Memorandum of Cooperation (MoC) with The Communications and Information Technology Commission (CITC).

The MoC establishes a cooperation framework to support the communications and information technology goals of both organizations and the wider aspirations of Saudi Arabia and its Vision 2030.

“We are honored to sign this MoC with The Communications and Information Technology Commission, which is the first step towards a partnership intended to enhance cooperation between TRSDC and the Commission. This supports our efforts to achieve advanced communications and information technology services for our destination through the exchange of expertise and know-how,” said Mr. Pagano, CEO, TRSDC.

TRSDC is working to ensure that all projects it launches are compatible with the Communications Act, its bylaws and any additional relevant decisions made by the Commission. The Commission will provide TRSDC with support and assistance in line with its role as the regulator of the communications and information technology sector in the Kingdom.

“At CITC, we are keen to drive innovation in the Kingdom by empowering new digital technologies across all sectors. The signing of this MOC today is just the beginning of a key strategic alliance that will support the delivery of Saudi Arabia’s flagship tourism project” said H. E. Dr. Mohammed bin Saud Al-Tamaimi, Governor, CITC.

Both parties agreed to determine a general framework for their future relationship and collaboration.

The Red Sea Project will welcome its first guests by the end of 2022. The first phase of the development will include 16 luxury hotels offering 3,000 rooms across five islands and two inland locations. It will also include entertainment facilities, an airport, and the necessary supporting logistics and utilities infrastructure. Work is already underway at the destination with the development of key supporting infrastructure and accommodation for the workforce and company employees deployed to manage construction.

About The Red Sea Development Company

The Red Sea Development Company (TRSDC - www.theredsea.sa) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. TRSDC was established to drive the development of The Red Sea Project, a luxury tourism destination that will set new standards in sustainable development and position Saudi Arabia on the global tourism map.

The project will be developed over 28,000 km2 of pristine land on Saudi Arabia’s west coast and includes a vast archipelago of more than 90 islands. The destination also features mountain canyons, dormant volcanoes and ancient cultural and heritage sites. The destination will include hotels, residential properties, leisure, commercial and entertainment amenities, as well as supporting infrastructure that emphasizes renewable energy and water conservation and re-use.

Activity for the first phase of development, which focuses on enabling the infrastructure to support future work, is well underway. A marine infrastructure contract awarded in July 2019 includes the construction of a 3.3 km crossing to Shurayrah (the main hub) and development has begun at the Coastal Village, which will be home to around 14,000 people who will work at the destination.

The Red Sea Development Company
3rd Floor, Building IN01
ITCC Complex
AlRaidah Digital City
Al Nakhil District 3807
Riyadh 12382-6726
Saudi Arabia

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