Skip to content Skip to Search
Skip navigation

Irish firm bags $266m operations contract for Saudi Red Sea airport

By Pramod Kumar
Clothing, Apparel, Person TRSDC
The Irish firm will serve as the airport operator in 2023, supervising the design consultancy, management and operations of the airport.

The Red Sea Development Company (TRSDC) has appointed Dublin-based daa International as the operator of Red Sea International, which will be the region’s first carbon-neutral airport.

The developer of mega projects – Red Sea Project and Amaala – signed a SAR 1 billion ($266 million) deal with the Irish company for operations and general maintenance services, according to a company statement.

The Irish firm will serve as the airport operator from 2023, supervising the design consultancy, management, and operations, in line with the provisions of the Saudi General Authority of Civil Aviation (GACA) and the International Civil Aviation Organization.

“As the region’s first-ever airport powered by 100 percent renewable energy, RSI will serve as an innovative blueprint for decarbonised urban destinations of the future,” said TRSDC CEO John Pagano.

RSI has been designed by international architecture firm Foster + Partners and is gearing up to welcome its first passengers in 2023.

The airport will have the capacity to serve an estimated one million domestic and international tourists per year by 2030.

The airport will have a runway for seaplanes and water aerodromes, regulated by GACA safety guidelines.

It will service hydrogen-powered seaplane variants, supplied by hydrogen-electric aviation firm ZeroAvia, electric vertical takeoff, landing and electric short takeoff and landing aircraft technology, the statement said.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]