TRSDC CEO John Pagano

The Red Sea Development Co. (TRSDC) signed more than 800 contracts worth SAR 20 billion with several companies, Chief Executive Officer (CEO) John Pagano said.

 

Speaking at the fifth edition of Future Investment Initiative (FII), Pagano said that COVID-19 had little impact on the execution of the company's works.

 

He added that the project is set to receive visitors by the end of 2022.

 

The company is currently receiving support from the private sector in addition to the support from the Public Investment Fund (PIF).

 

The company set new standards and provided about 10,000 job opportunities, in addition to supporting the local communities by securing opportunities to launch projects, Pagano said.

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