Egypt’s Redcon Construction bids for 8 projects in KSA

Egypt’s Redcon Construction is competing for eight projects in Saudi Arabia, said the company’s chairman Tarek Elgamal to Asharq Business on Monday.

The company is bidding for projects in the Red Sea and Amaala tourist destinations, developed by the Saudi Red Sea Global (RSG). The bidding will be made via the newly established Redcon International company.

Redcon International company was established in partnership with the Saudi-based Al Reyadah Holding Company. The company is targeting operating revenues of 2.5 billion Saudi riyals in 2024, Elgamal added.

Elgamal further added that the projects in the bid will include hotel, tourist, and healthcare projects.

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