The UAE-based Red Sea Housing Services Company plans to implement a number of residential projects in the Kingdom and collaborate with the Ministry of Housing to provide innovative housing solutions that meet the expectations of various stakeholders, to be implemented within short timeframes.

In this regard, the company signed a memorandum of understanding with AECOM at the end of last week. Its tasks focus on providing services in project management and construction operations, preparing general project plans (urban planning and infrastructure planning), preparing infrastructure and building designs, developing construction solutions using prefabricated units, exploring sustainability methods and energy-saving measures, providing consulting services in cost reduction and value engineering.

The company stated in its announcement that there is no material financial impact resulting from the signing of the memorandum of understanding at this time, and that any developments in this regard will be disclosed to the public in due course.

She noted that the companyAECOM AECOM Fortune 500. It also provides professional technical services in the fields of engineering, consulting, planning, urban design, construction management, project management, and environmental services.