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Qatar-based Estithmar Holding’s subsidiary Elegancia Arabia Trading Company has won mechanical, electrical and plumbing (MEP) contracts for three resorts in Saudi Arabia’s Red Sea giga-project.
The three hotels on Shura Island comprise the 430-key central hotel [Grand Hyatt] and two hotels on the island’s East side with 150 [Faena] and 180 keys [Miraval], respectively, Estithmar said in a statement.
The value of the contract wasn’t disclosed.
The resorts are part of the 11 underway on the main hub island of The Red Sea.
The development, which holds the LEED Platinum Rating, features a built-up area of 88,269 square metres, one of the largest in the Kingdom.
The Red Sea, a regenerative tourism project developed by Red Sea Global, is being developed over 28,000 square kilometres of pristine lands and waters, including a vast archipelago of more than 90 islands.
Phase one, which includes 16 hotels in total, will complete in 2024. The first hotel is expected to open this year.
(Writing by D Madhura; Editing by Anoop Menon)
