Red Sea Housing to begin SR50m labor complex work

Red Sea Housing Company is establishing its presence in the King Abdullah Economic City (KAEC) and contributing to the overall economic and social development of the city. The company is set to begin construction of a SR50 million labor complex, spread across a 150,000 sqm area in KAEC by the second quarter of 2014 to accommodate the work force that is involved in the completion of KAEC and the staff of companies operating within the city.
The company is also planning to build its fourth manufacturing facility in KAEC as part of its ongoing expansion strategy in Saudi Arabia. The 193,000 sqm production facility is set to increase the company’s overall production capacity by 35 percent, to reach a total of 1 million sqm annually.
“This plan to build and operate a plant is definitely a strategic one and will have a very positive impact on Red Sea Housing. I congratulate the directors of Red Sea Housing on having made a significant investment decision and look forward to giving them all assistance in establishing their new plant in KAEC,” said Fahd Al-Rasheed, MD & CEO of KAEC.
Donnie Sumner, VP, KSA operations of Red Sea Housing, said: “While investigating possible expansion locations within Saudi Arabia there’s little doubt that KAEC was the place for us to be. We were attracted by the numerous benefits such as the world-class infrastructure and ease of doing business, which includes fast-tracking of permits, as well as the strategic location close to King Abdullah Seaport and the upcoming rail network, both of which give us tremendous logistical advantages in supporting our ongoing expansion strategy in Saudi Arabia’s west cost.”
Red Sea Housing says it is very well experienced in building prefabricated and quality-certified labor housing for projects in remote locations. So, increasing investments in this field will increase its business.