RIYADH: The Trojena Dam project in NEOM is set to advance as Red Sea International Co.has secured a SR658 million ($175 million) contract with the Italian construction and civil engineering firm Webuild SpA. This 12-month contract involves the design, manufacturing, supply, and installation of prefabricated buildings for the project. The contract includes residential units and various supporting facilities such as a mosque, dining halls, a health clinic, and a gym. The work will be carried out in two phases. Phase one will commence immediately, while phase two will begin upon the client’s approval and according to the agreed terms. This project aligns with RSI’s strategic goal of becoming a top Saudi company in delivering model solutions for administrative and residential complexes, as well as field hospitals, quickly and efficiently. RSI aims to provide comprehensive infrastructure, including electrical power, clean water, food supply, and wastewater treatment. The financial impact of this project is anticipated to be reflected in the third quarter of 2024 and continue through to the end of 2025. RSI’s commitment to using high-quality local products and modular units manufactured in various facilities supports key initiatives under Saudi Arabia’s Vision 2030.