TAFGA and PIF’s Red Sea Global strike a partnership to champion sustainable development in construction

Introduction:

In a landmark partnership, Tamimi Global Co. Ltd. (TAFGA), a renowned private sector Saudi Arabian company, joined forces with Red Sea Global (RSG), a Portfolio Company of the Public Investment Fund (PIF), for the development of the AMAALA Construction Village.

Private Sector Partnership:

Recognizing TAFGA's expertise in the development of residential communities and their in-depth understanding of the local landscape, RSG engaged them as a strategic partner in the realization of the AMAALA Construction Village. This strategic collaboration went beyond a conventional contractor role and provided TAFGA with an opportunity to take the lead in designing and building the first stage of the village. The partnership also extended to collaborative involvement in the village's second and third stages of civil and infrastructure works. Recognizing TAFGA's expertise in the development of residential communities and their in-depth understanding of the local landscape, RSG engaged them as a strategic partner in the realization of the AMAALA Construction Village. This strategic collaboration went beyond a conventional contractor role and provided TAFGA with an opportunity to take the lead in designing and building the first stage of the village. The partnership also extended to collaborative involvement in the village's second and third stages of civil and infrastructure works.

Harnessing innovative off-site fabrication and modular construction techniques, TAFGA embarked on an ambitious plan to provide world-class accommodation. This approach not only streamlined delivery time and elevated quality standards but also aligned perfectly with AMAALA’s sustainability goals, thereby reducing the environmental impact of the village's fabrication and installation.

Impact and Value Creation:

In partnering with the PIF Portfolio Company, TAFGA embarked on a new path of growth. Utilizing cutting-edge engineering and manufacturing prowess, TAFGA extended its project portfolio and deepened its expertise in sustainable, large-scale initiatives. In the process, TAFGA set a new industry standard for sustainable workforce accommodation. The AMAALA Construction Village project has consequently bolstered TAFGA's reputation and opened new opportunities for the company to further contribute to sustainable development within Saudi Arabia and globally.