A Landmark Agreement for Hospitality Services
A SR2.7 billion ($720 million) deal has been signed, with Saudi Airlines Catering Co. (SACC) set to provide laundry services for hotels and resorts at Red Sea Global’s (RSG) luxury tourist developments. The 20-year contract will cover a range of hospitality services across multiple destinations, marking a significant milestone for both companies.
Boosting Business Sustainability & Profitability
Announced on the Saudi stock exchange (Tadawul), this deal is expected to enhance SACC’s cash flow and business sustainability, with profits beginning to reflect by Q3 of 2025. The agreement aligns with SACC’s strategy to expand into industrial and tourist cities, reinforcing its role as a major player in the hospitality sector.
Red Sea Global’s Vision for 2030
- RSG is rapidly developing its tourism infrastructure, aiming to operate 50 luxury resorts by 2030, featuring:
- 8,000 hotel rooms
- 1,000+ residential buildings
- 22 islands & 6 inland areas
- An international airport
The first three resorts are set to open this year, alongside domestic flights, welcoming tourists to a world-class destination.
Saudi Firms at the Heart of RSG’s Growth
RSG remains committed to local partnerships, ensuring 70% of contracts are awarded to Saudi companies, while working towards a 50% Saudi workforce. The company continues to organize regional meetings to attract local bidders and boost domestic economic participation.
BM Events: Elevating Hospitality Excellence in Saudi Arabia
BM Events, a leading provider of casual on-demand staffing solutions, plays a crucial role in Saudi Arabia’s growing hospitality sector. As the tourism industry expands, BM Events ensures high-quality customer experiences by supplying skilled professionals tailored to the industry’s evolving needs.
With Saudi Arabia’s hospitality landscape booming, BM Events is ready to help businesses stand out and deliver excellence. Stay tuned for more updates!
