Red Sea Development Company signs MoU with Ministry of HR and Social Development

Red Sea Development Company signs MoU with Ministry of HR and Social Development

The Red Sea Development Company (TRSDC), who is the developer behind one of the world’s most ambitious tourism initiatives, signed a Memorandum of Understanding (MoU) with the Ministry of Human Resources and Social Development.

The Partnership between the two sides aims to unify efforts to target communities surrounding the project with corporate social responsibility initiatives.

In an effort towards enhancing local communities through corporate social responsibility programs the MoU extends over a full calendar year and is renewable for the same period. The MoU was signed by John Pagano, CEO, The Red Sea Development Company and Mr. Suliman Alzben, Undersecretary of Social Development.

“This MoU represents a collaborative framework towards enhancing our CSR that is in line with the sustainable development goals of the Kingdom,” Mr. Pagano said.

“Giving back to the people of Saudi Arabia and our local communities in particular is an important part of our vision as a company.” The CEO of The Red Sea Development Company added.

“We believe in working together with the Ministry of Human Resources and Social Development will benefit society at large,”

TRSDC is developing Saudi Arabia’s flagship international tourism destination and is setting new standards in sustainable development, aligned with all 17 of the UN Sustainable Development Goals (SDGs).

“I would like to congratulate and thank the Ministry of Human Resources and Social Development on the successful signing of this MoU,” Mr. Pagano said.

“This initiative is jointly aimed at strengthening and improving the quality of life for those living in close proximity to our project,” he added.

The MoU highlights the role of the ministry, outlining how it will assist in developing a framework to activate the role of corporate social responsibility and create a plan mappingthe activities and programs required based on national priorities. It will also support further by providing the key information and data required to carry out TRSDC campaigns successfully.

“The Ministry of Human Resources and Social Development in collaboration with the Red Sea Development Company aims to support impactful social responsibility initiatives and programs for Saudi Arabia. This collaboration represents our commitment in creating a dynamic joint effort that promotes the private and government sector alike,” Mr.Alzben said.

The MoU follows several initiatives already launched by TRSDC to support the local community, namely by increasing employment opportunities. Most recently, the organization launched a program in collaboration with Umluj Municipality, the University of Tabuk, and Sakan, a local NGO, to provide members of the communities of Umluj and Al Wajh with training and jobs within the organization. This initiative has already resulted in the hiring of 45 new employees at the site landscaping nursery.

Similar initiatives also included providing 120 scholarships for Saudi students, to pursue a Bachelor of Science Degree in International Hospitality Management in cooperation with Prince Muqrin bin Abdulaziz University and accredited by “Ecole hôtelière de Lausanne (EHL)”. The company also hired 31 graduates from across the Kingdom as part of the Elite Graduate Program at the start of the year.

Worth mentioning the Red Sea Development Company (TRSDC – ww.theredsea.sa) is a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia.

The company 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 lands and watersalong 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.