Red Sea International

What Red Sea International does

Red Sea International (Tadawul: 4230) is a Saudi public company established in 1967 that designs, manufactures, and operates modular prefabricated buildings for industrial, infrastructure, and residential clients. Core product lines include worker accommodation, offices, schools, hospitals, and welfare facilities built from steel-frame structures with composite insulation panels, supporting multi-level configurations up to 10+ stories. The company runs a horizontal manufacturing platform with dedicated facilities in Saudi Arabia, the UAE, Ghana, and Malaysia, and reports a combined production capacity of 900,000 sqm per year, with active project delivery across 65+ countries. End-customer mix is concentrated in oil & gas (Saudi Aramco, Baker Hughes), mining (Ma'aden), and Saudi giga-projects (Diriyah, NEOM Trojena, KSIA).

The business model combines three revenue streams: (1) outright sale of modular units, (2) Build-Own-Operate (BOO) and Build-Own-Operate-Transfer (BOOT) concession contracts, with over 20,000 rooms currently operated, and (3) MEP contracting through fully-owned subsidiary First Fix, plus building materials through RSBM. Pricing is project-based for construction and recurring per-room/month for BOO assets. The company has executed roughly $1 billion cumulative project value over 40+ years, with disclosed revenue scaling from $404M in 2022 to $3.37B in 2025, though net income was negative across the period indicating high working capital intensity and execution absorption rather than steady-state profitability. Strategic positioning is anchored to Saudi Arabia's Vision 2030 giga-project pipeline, supplemented by cross-border delivery to defense, mining, and humanitarian clients in Africa, the Middle East, and Australasia.

Name

Red Sea International

Legal name

Red Sea International Company

Website

https://redseaintl.com

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Red Sea International (Tadawul: 4230) is a Saudi public company founded in 1967 that designs, manufactures, and operates modular prefabricated buildings and MEP services for oil & gas, mining, and infrastructure clients across 65+ countries from facilities in KSA, UAE, Ghana, and Malaysia.

Ownership category

akta.pro rank

Product category

Modular Construction / Prefabricated Buildings

NAICS

Rooming and Boarding Houses, Dormitories, and Workers' Camps (7213), Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131), Industrial Building Construction (23621), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Prefabricated Wood Bldgs & Components (2452), Construction - Special Trade Contractors (1700), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Accommodation & Interior Outfit (Cabins, Galleys, Sanitary, Furniture) (IMAJAIAF)

akta.pro secondary industries

Outfitting, Ergonomics & Accommodation Design (Human Factors, Interior Layouts) (IMAJAGAM), Marine Outfitting & Interior Refurbishment (TLAKAKAL)

Keywords

• Modular construction
• Workforce accommodation
• Prefabricated buildings
• MEP contracting
• Facility management services

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Modular Buildings - Sale and Lease: Design, manufacture, sale, rent, and lease of prefabricated modular buildings including accommodation units, office units, and specialized structures for industrial, commercial, hospitality, government, military, and residential use.
2. Build Own Operate (BOO) / Build Operate (BO): Red Sea designs, builds, owns, and operates workforce accommodation camps. Revenue generated through long-term leasing of accommodation packages and camp services. Currently own and operate over 20,000 rooms in Saudi Arabia, Papua New Guinea, Ghana, and Algeria.
3. Integrated Facility Management Services: Comprehensive camp operations and maintenance including catering, security, laundry, power generation, water treatment, waste management, and hospitality services.
4. MEP Contracting (FirstFix subsidiary): Mechanical, electrical, and plumbing contracting services through subsidiary Fundamental Installation for Electric Work Co. Ltd. (First Fix). Major recent contracts include SAR 352.6M Diriyah project and SAR 375M FAB credit facilities for project financing.
5. Building Materials (RSBM): Production and distribution of paint and coating products including architectural paint and industrial and marine coatings through the Red Sea Building Materials division.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Red Sea International designs, manufactures, sells, rents, and leases prefabricated modular buildings and workforce accommodation camps for industrial, commercial, hospitality, government, military, and residential customers. The company operates an integrated Build Own Operate (BOO) model delivering end-to-end camp construction and operations, MEP contracting through its FirstFix subsidiary, and integrated facility management services including catering, security, power, and maintenance.

Product overview

Red Sea International is a Saudi Public Joint Stock Company providing specialized prefabricated modular buildings, affordable housing solutions, and building materials. The company operates three main divisions: Modular Buildings (Red Sea Housing Services), Affordable Housing, and Building Materials. The product portfolio includes five core modular building product series (Firemaster 60 Series, Seaway Series, Sitemaster 25 Series, Steel Roughneck Series, and Multi-Level Steel Frame Modular Buildings), supplemented by special utility units (Power Generation Plant, Storage Tanks, Chiller/Freezers, Fire Suppression System). The company also operates its FirstFix subsidiary for MEP contracting services and provides integrated facility management services. All offerings are delivered as customizable turnkey solutions with Build Own Operate (BOO), Build Operate (BO), and Design and Build commercial models.

Differentiator

Problem solved

Functional benefit

Brands

• RSBM (Red Sea Building Materials): Building Materials Division producing and distributing paint and coating products including architectural paint and industrial and marine coatings
• First Fix
• RSHS (Red Sea Housing Services)
• RSAH (Red Sea Affordable Housing)

Products and services

• Firemaster 60 Series Fire-rated modular building units with 60-minute fire resistance, designed as conventional permanent structures built in factory. Suitable for residential and commercial workforce accommodation camps with single to double-storey configurations.
• Seaway Series ISO certified standard container-size building units (8ft x 20/40ft) built for strength, durability, and self-containment. Plug-and-play quick disconnect fittings for power, water, and sewer. Stackable for multi-storey configurations, suitable for military and applications requiring frequent relocation.
• Sitemaster 25 Series Innovative modular buildings with composite wall and roof panels fully insulated with Rockwool. PVC panel surfaces manufactured in-house using FrameCAD technology. Designed to last minimum 25 years in any climate with no painting required.
• Steel Roughneck Series Heavy-duty units for oilfield operations mounted on steel master skids supporting 3 standard units. Designed for mobility over any terrain with plug-and-play quick disconnect fittings. Built to withstand extreme weather conditions for 20+ years.
• Multi-Level Steel Frame Modular Buildings Hot rolled structural steel frame modular construction system capable of building up to 10 levels (12 storeys). Concrete slab flooring with superior acoustic insulation. Modules can be clad with aluminum composite panels, rendered concrete, or other materials.
• Power Generation Plant Smart power plants providing energy efficiency and operational flexibility from 20KVA to multiple auto-synchronized generation sets of 250KVA or more with plug-and-play distribution boards and weatherproofed enclosures.
• Storage Tanks Storage solutions including tanks, bowsers, drums and IBC storage for fuels, potable/industrial water with factory-baked powder-coating for corrosion protection and flexible storage capacities.
• Chiller/Freezers Temperature-controlled cold and freezer rooms for extreme heat conditions with guaranteed insulation, suitable for storing meat/fish, processed food, medicines, and chemicals.
• Fire Suppression System Containerized fire suppression system programmed with specific thresholds for temperature, chemical fumes, smoke, and flammable gases with automatic activation.
• FirstFix MEP Contracting Tier-1 subsidiary providing mechanical, electrical, and plumbing (MEP) contracting services and infrastructure works for major construction projects including Diriyah, NEOM/Trojena, and King Salman International Airport.
• Integrated Facility Management Services Comprehensive integrated facility management services including camp operations and maintenance, catering, security, laundry, power generation, water treatment, waste management, and hospitality services for workforce accommodation camps.
• Turnkey Solutions End-to-end modular building solutions covering manufacturing, delivery, installation, commissioning, and comprehensive camp services including transport, security, accommodation, recreation, medical, food, waste and laundry services.
• Building Materials (RSBM) Production and distribution of paint and coating products including architectural paint and industrial and marine coatings through the Red Sea Building Materials (RSBM) division, established in partnership with Sherwin-Williams.

Quantifiable outcome

• Up to 50% faster construction time compared to conventional building methods
• +5 more outcomes

Named customers21 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Madinah Regional MunicipalitycoreStrategic or Co-development Partner · 1 July 2026Red Sea International received a 63,088 sqm prime land plot from Madinah Regional Municipality under a 50-year lease contract valued at SAR 161.95 million. The land is designated for development of a mixed-use building to be operated and maintained by RSI. Financial impact reflected in Q1 2026 results. Land handover completed via Furas platform.
• Salini Saudi Arabia Co. Ltd.majorImplementation/ SI/ Consulting Partner · 22 June 2026Red Sea International subsidiary First Fix signed a SAR 352.6 million subcontract with Salini Saudi Arabia Co. Ltd. for mechanical, electrical, and plumbing works on a Diriyah City project. The 454-day contract covers engineering, supply, installation, testing, commissioning, and handover services with financial impact starting Q2 2026.
• King Salman International Airport Development Co. (KSIA)majorStrategic or Co-development Partner · 18 February 2026Red Sea International subsidiary First Fix signed a framework agreement on February 18 with King Salman International Airport Development Co. for early works on mechanical, electrical, and plumbing systems at the KSIA project in Riyadh. The 48-month agreement sets general contractual terms with final value determined by measured quantities and actual works executed.
• Webuild S.p.A.majorImplementation/ SI/ Consulting Partner · 23 December 2025Red Sea International signed a SAR 202.8 million contract with Webuild S.p.A. to provide integrated facilities management services for the Trojena project in NEOM. The two-year agreement covers operation and maintenance of main and secondary camps including accommodation, catering, security, IT, utilities, and waste management for workers on the Trojena Dam project.
• Baker Hughes Saudi Arabian Co. Ltd.majorStrategic or Co-development Partner · 2 December 2025Red Sea International signed a SAR 265.95 million contract with Baker Hughes Saudi Arabian Co. Ltd. to design, manufacture, supply, and operate modular accommodation facilities in Saudi Arabia's Eastern Province to support oil and gas exploration activities. Contract runs from December 2025 to November 2031.
• Sherwin-WilliamsminorStrategic or Co-development Partner · 1 January 2013Red Sea International entered into a joint venture agreement with Sherwin-Williams for coatings and paint products. Sherwin-Williams provides paint and coating technology for Red Sea's modular buildings and facility finishing operations.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Dextra Group: Middle East and Africa-based construction services group with modular and prefabricated building capabilities serving oil & gas and industrial clients; regional peer competing in Gulf and African workforce accommodation segments.

Direct peers

• Guerdon Modular Buildings: US-based modular construction manufacturer of multi-story modular buildings using factory-built modules; comparable steel-frame modular technology and serves workforce housing, hospitality, and multi-family residential end markets.
• WillScot Mobile Mini: North American leader in modular space and portable storage leasing with 350,000+ unit fleet; directly comparable leasing business model and enterprise sales motion targeting construction and industrial end markets.
• ATCO Group: Canadian conglomerate with ATCO Structures division that manufactures modular workforce accommodation, operating space rentals, and lodges for oil & gas, mining, and infrastructure—near-exact functional overlap with Red Sea's industrial housing and BOO camp business.
• Karmod Prefabricated Building Technologies: Turkish modular building manufacturer with strong Middle East, Africa, and CIS market presence, offering prefabricated cabins, container buildings, and steel structures—competes head-to-head in oil & gas and construction worker camps across Red Sea's primary geographies.
• Algeco (Modulaire Group): European-headquartered modular space rental leader with 300,000+ unit fleet serving construction, industrial, and government customers; comparable rental/leasing model and modular building offering targeting similar enterprise customers.

Broad incumbents

• Vinci Construction: Global construction and concessions major with industrial and modular building capabilities; potential competitor and partner on large infrastructure and energy projects in the Middle East and Africa.
• Clayton Homes: Largest US manufactured and modular housing provider (Berkshire Hathaway-owned); comparable factory-built housing technology and direct overlap with Red Sea's affordable housing modular offerings.
• Bouygues Construction: Major global construction contractor with modular and prefabrication capabilities integrated into broader civil engineering and building portfolio; competes on mega-projects (NEOM, Diriyah) where Red Sea provides MEP subcontracts.

Emerging players

• Boxabl: US emerging modular housing manufacturer focused on factory-built residential units; represents the newer wave of modular construction targeting housing affordability, adjacent to Red Sea's affordable housing subsidiary (RSAH).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@redseainternational305
• LinkedInlinkedin.com/company/red-sea-international-company
• Instagraminstagram.com/redseainternational
• Xx.com/RedSeaIntlCo
• Facebookfacebook.com/redseahousing

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Sea International