The Royal Commission for AlUla (RCU) and a consortium of French engineering companies Setec, Egis and Assystem (SEA), have signed a Memorandum of Understanding (MoU) at the 6th edition of the FII announcing a reinforced partnership, supporting the infrastructure development of AlUla.
The MoU that was signed by RCU’s CEO, Amr AlMadani, and Egis’ Middle East CEO, Alaa AbuSiam, adds to SEA’s current scope of work, intending to create AlUla’s Infrastructure Capital Investment Unit. This will include: developing and successfully completing the entire infrastructure development cycle of AlUla, the preparation of high-quality and performing operation and maintenance activities, and developing professional capabilities. In addition, it includes implementing innovative, digital and world-class practices, tools and methodologies servicing performance and timely infrastructure delivery with AlUla’s sustainability ambition at the core.
“The strengthening of RCU’s partnership with SEA gives us a platform to further plan and deliver the next stage of AlUla’s development. The newly expanded MoU will allow AlUla to continue its upwards trajectory of sustainable growth as it evolves into the world’s largest Living Museum and the beating heart of business, culture, and tourism for the north-west Arabia region and beyond,” said Amr AlMadani, CEO of RCU.
Over the past two years and to date, the Egis-led consortium, SEA, has successfully facilitated and structured the development of AlUla’s infrastructure. More recently, a notable major milestone includes the inauguration of a new airport facility. Considering this success and the rapid progress, RCU has chosen to enhance the cooperation with SEA to roll out AlUla’s infrastructure program for the next ten years.
“Today’s agreement further deepens the partnership and commitment between our consortium and RCU in reaching their ambition of making AlUla a global tourist destination. We are excited to announce the establishment of the JV of three well-known and highly regarded firms, Egis, Setec and Assystem, to demonstrate our commitment to the development of AlUla,” said Laurent Germain, CEO of Egis Group, on behalf of the SEA JV.
