What Red Sea Housing Services Stands For?

Committed to Integrity, Quality Products and World-class Customer Service

During the past 4 decades, Red Sea Housing Services (RSHS) has developed into a global leader known for designing, planning, producing, managing and operating industrial temporary housing solutions in more than 65 countries. The company’s success is built upon its commitment to providing high-quality products and unparalleled customer service. We provide industrial solutions through our array of products and turnkey services, removing the stress and hassle for our customers who now can focus on what they do best. We take inspiration from our founding company and largest shareholder, Al-Dabbagh Group, who operates an ecosystem that is composed of Three Principles, Five Values and Ten Golden Rules.  This ecosystem informs and governs Al-Dabbagh Group’s goal to be one of the top 20 wholly owned global family businesses by 2020. It also underpins their global vision to deliver impact and scale for the greater good through their three principles of Giving, Earning & Sustaining. At RSHS, we are keen to strike a harmony with Al-Dabbagh Group’s culture, to ensure that we are valuable contributors to their overarching aspirations. 

Red Sea Housing Services’ Vision & Mission

Red Sea Housing Services strives to be the supplier of choice for all major multinational oil and gas, mining and construction companies operating in our market area. We aim to be totally committed to providing our customers with quality products that shall be delivered defect free and on time.

Market Overview 2018

As regional and oil based economies begin to slowly recover in 2018 after several quarters of low growth or contraction, we are beginning to see green shoots in our core markets, with improving business conditions and an increased sense of optimism. Projects that were earlier put on hold by clients are now being reactivated through new contracts, quite in contrast to the situation last year.  Coupled with sustained oil prices above USD 50 this trend is expected to continue and benefit our overall operations in 2018. 

In addition to our core oil & gas markets, we are continuing our product diversification initiatives into new market sectors, particularly in the health, hospitality, education, and residential sectors where we are seeing a growing interest for our modular building technology.  The focus on new revenue streams through increased rental and leasing options of our products and services will also be an area of opportunity and growth as we diversify from a manufacturing business model. The development of these markets to supplement our core capabilities is key for us to expand our foot print and continue to be leaders within our industry.

In terms of geographical markets, Saudi Arabia, the wider GCC, West Africa, and South East Asia will continue to be focus markets for the company.  These markets offer a wide range of project opportunities in various sectors that can easily be served by Red Sea International’s modular solutions.  The UAE market itself presents considerable untapped opportunities: Red Sea International is now actively targeting UAE clients and expects to make significant in-roads into this market during 2018.

The full impact of the cost restructuring measures and other initiatives undertaken during 2017 will flow through 2018 and beyond.  These initiatives alone will see tens of millions of Riyals in savings and have positioned the company to be a much leaner and more competitive market player in its segment..

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Our Vision & Missions - Offering Turnkey Solutions & Services - Red Sea Housing