INTERNATIONAL MARKET LEADER IN DEVELOPING BEST-IN-CLASS HOUSING AND RELATED INFRASTRUCTURE FACILITIES WORLDWIDE.
HOUSING SERVICES
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A WORLD CLASS COMPANY FOR HOUSING SOLUTIONS
CONTENTS
WHO WE ARE
Who we are
03
CEO message
03
What we do
04
History & heritage
06
Global reach
08
Our divisions
10
Our services
12
Products & project units
16
Sectors we serve
18
Investor relations
20
Corporate citizenship
22
Awards & recognition
24
Red Sea Housing Services (RSHS) is an international market leader in design, manufacture, finance and management of large-scale accommodation and related infrastructure facilities.
CEO MESSAGE
At Red Sea Housing Services, we believe that every individual has the right to a high quality living and working environment.
For over 48 years, we have been committed to meeting the needs of our clients by providing high quality, quick, reliable, innovative, and durable housing with unparalleled customer service. Our approach has had a direct, positive impact on our people, projects and communities. That is why hundreds of customers keep returning to Red Sea Housing Services – for quicker turnaround, significant cost savings and more productive employees. Joseph Vecchiolla CEO & Managing Director
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WHAT WE DO Red Sea Housing Services provides high quality living and working environments for industrial and residential communities. At Red Sea Housing Services, we build the housing facilities and related infrastructure – on a large scale and to tight deadlines – in remote, rugged areas over long periods of time, to meet the requirements of multinational companies. We set up everything that our customers would need – housing units, offices, utility services, telecommunications networks, catering and recreation facilities. From the generators to the water, from the beds to the basketball courts, Red Sea Housing Services builds homes away from home of the highest quality, be it for 20 or 20,000 people.
With significant experience in providing industrial housing products and services in remote and urban locations across the world, RSHS has cemented its exceptional reputation for designing, planning, producing, managing, financing, and operating corporate housing Solutions.
65
Countries Worldwide
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To support the housing sector with building materials, we offer the highest quality paint and a trained team of professional painters to provide reliable paint application services for medium and large-scale projects in the housing, commercial and industrial sectors. We aim to be a positive force for good in all the communities where we operate. We don’t skimp on quality, whether we’re building modular housing for large multi-national global companies, or developing neighborhoods in areas that need them the most.
Operates 3 manufacturing facilities in Saudi Arabia, the U.A.E. and Ghana
3600+ Employees Worldwide
For more information go to – www.redseahousing.com
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Driven by population growth and macroeconomic demand, we are applying our expertise in the Affordable Housing sector to develop high-quality, large-scale communities where they are needed most. Our organic and acquisitive growth strategy, partnerships and continuous innovation in technologies and materials will help us to meet this significant demand and deliver urban communities at the same high quality that Red Sea Housing is known for.
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HISTORY AND HERITAGE Expansions across the world with multiple branches
Continued expansion
Since our beginnings in 1967, we have built a reputation as international market leaders in the design, manufacture, installation, financing and management of self-sustaining communities. Through constant innovation of technology and materials, we have demonstrated a long-standing track record of success. For more information go to – www.redseahousing.com
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Pioneers in the housing industry Established early roots in the manufactured housing industry by importing units from the United States of America
1967
1976
Unveiling a journey of innovation Founded in 1967 by H.E. Amr Abdullah Al-Dabbagh in Jeddah, Kingdom of Saudi Arabia, the company was originally known by the name “Red Sea Office for Trade and Marketing”
1983
Roll out through the Middle East
New manufacturing centers in West Africa open
Opened manufacturing plant in Jubail, Kingdom of Saudi Arabia
Entered West Africa with manufacturing plant in Accra, Ghana
1991
Production begins Commenced production from the first manufacturing plant in Jeddah, Saudi Arabia
1998
2005
Expansion in the Middle East Completed manufacturing plant in Dubai, United Arab Emirates
2006
Entered regions with new branch offices in Mozambique and Oman
Opened office for South East Asia in Singapore
Joint venture secured
Alliance formed and further expansion
New Corporate Office in Jubail, Saudi Arabia
Entered regions with new branch offices in Mozambique and Oman; entered into joint venture agreement with Sherwin-Williams
Expanded across the world with multiple branches; opened office for South East Asia in Singapore; formed partnership with Direcional Engenharia
2008
2013
2015
New Corporate Office
2009
IPO and opening of new branch offices
Expanded across the world with multiple branches
Listed on Tadawul, Saudi Stock Exchange; opened branch offices in Algeria, Nigeria and Qatar
Opened new office in Libya and a branch in Papua New Guinea
2014
Market entry to South East Asia Entered the region of Australia with new branch offices in Brisbane
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GLOBAL REACH
We are continually increasing our footprint worldwide and expanding into new markets.
Red Sea Housing Services fosters worldwide experience. Africa Algeria Angola Burkina Faso Cameroon Chad Djibouti Egypt Equatorial Guinea Eritrea Ethiopia Gabon Ghana Ivory Coast Kenya Liberia Libya Madagascar Mali Mauritania Morocco Mozambique Nigeria Republic of Congo Republic of Guinea Sierra Leone Somalia Sudan Tanzania Uganda
AREAS OF OPERATION
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Iran Iraq Jordan Kazakhstan Kurdistan Kuwait Kyrgyzstan Mongolia Oman Pakistan Philippines Qatar Saudi Arabia Syria Tajikistan Turkmenistan United Arab Emirates Uzbekistan Yemen
Europe Albania Greece Russia
North America Aruba Curacao Dominican Republic Panama
Asia
South America
Afghanistan Armenia Azerbaijan Bahrain Brunei India
Australia
Chile Venezuela
Serving customers world-wide RSHS reaches out to its customers worldwide through its manufacturing, operations and sales offices throughout the Middle East, Africa, and South East Asia. Our global experience demonstrates the company’s strong logistical capabilities and knowhow as well as our ability to help customers navigate the challenges, requirements and needs that arise in remote and urban locale. RSHS has vast experience in shipping and installing our products in various countries around the world.
SAR 99.65m Contract Value
CASE STUDY
Full-fledged Ma’aden Aluminium Complex in Saudi Arabia Ma’aden (Saudi Arabian Mining Co.) is a diversified mining company, the largest mining company in Saudi Arabia, active in gold base metals mining and infrastructure industry. Ma’aden was looking to partner with a company to provide quality buildings and services for their employees. RSHS partnered with Ma’aden to engineer, procure and construct living quarters for 7,500 staff, to provide construction solutions tailored to Ma’aden’s specific requirements. RSHS built a fully-fledged housing facility for Ma’aden complete with utilities and leisure amenities such as satellite TV, telecom services, wireless Internet, swimming pools, gymnasium, indoor and outdoor sports facilities. RSHS provided the high quality living and working environment to ensure the comfortable well-being and productivity of Ma’aden’s employees while working in a remote desert location under extreme weather conditions. For more information go to – www.redseahousing.com
Australia Papua New Guinea
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OUR DIVISIONS
BY CONSTANTLY INNOVATING AND ADOPTING NEW TECHNOLOGIES IN CONSTRUCTION AND BUILDING MATERIALS, WE HAVE REMAINED A MARKET LEADER.
INNOVATING NOW, BUILDING FOR THE FUTURE
Providing Industrial Housing Solutions For more than 25 years, Red Sea Housing Services has built upon its reputation as the global leader in industrial housing solutions, providing turnkey solutions in remote and urban areas across the globe. Our wide array of high-quality, reliable and durable modular housing products has served business and governmental customers in a number of sectors worldwide including oil and gas, construction, mining, infrastructure, defense, government and manufacturing. When multi-national corporations and governments are in need of a trusted partner with solid experience in manufacturing high quality products for varied weather conditions, executing challenging logistics, and managing and operating employee facilities in remote locations, they turn to Red Sea Housing Services. In order to provide a seamless, tailored experience, RSHS also offers comprehensive services including power, sewage treatment, fresh water, catering, and much more, to complement our industrial housing offerings.
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Creating Affordable Housing Population growth and macroeconomic demand have created a significant global affordable housing market gap. In response to these trends, RSHS is applying its expertise, as one of the largest producers of modular building systems in the Middle East and North Africa, to embark on a new, socially-conscious venture to develop quality, large-scale communities. In 2015 RSHS formed a strategic partnership with Direcional Engenharia, the Brazilian market leader delivering affordable housing solutions worldwide. Our international partnerships along with a clear, organic and acquisitive growth strategy geared towards continual technological innovation and geographic expansion, will help us meet this enormous demand, and deliver urban communities at the same level of high quality that Red Sea Housing Services is known for.
Building Materials
As a natural complement to our industrial housing products, RSHS is actively growing its Building Materials division through technology development and partnerships. We have partnered with Sherwin-Williams to become their exclusive paint distributor in the Middle East region, positioning RSHS to meet the building material needs of many more customers around the world. By forging ties with this global leader for the manufacture, development and distribution of paints and coatings, we have ensured that our customers enjoy the same high levels of service and product quality that they have come to expect from RSHS. www.redseahousing.com 11
OUR SERVICES
A COMPLETE OFFERING
Camp Operations & Maintenance
At Red Sea Housing Services, we appreciate the value our team of dedicated professionals brings to each of our global customers.
Our facilities, operations and maintenance team provides customers with end-to-end international technical and engineering turnkey services for sourcing, commissioning and maintenance.
Dedicated to delivering high-quality, reliable products and services, our skilled employees around the world work with our clients to understand their needs and challenges. We are then able to deliver customized accommodation solutions and turnkey services, enabling our customers to focus on what they do best.
Engineering Innovation Our engineering and design services range from planning and permitting through preliminary and detailed design to start-up and commissioning for all types of projects.
Site Installation RSHS offers full range of installation and supply services by providing integrated solutions from site installation, site clearing, logistics installation and handover.
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OUR GOAL IS TO APPLY OUR EXPERTISE AND WORLD-CLASS PARTNERSHIPS TO DELIVER SOCIALLYCONSCIOUS, LARGE-SCALE URBAN COMMUNITIES AT THE SAME HIGH QUALITY THAT RSHS IS KNOWN FOR.
Power Generation We provide complete power generation and distribution solutions designed to meet client requirements.
Communication Services Red Sea Housing Services expands wireless network footprint by adding coverage and capacity in hard to reach areas, resulting in increased quality and a neutral host wireless system.
Water and Sewage Treatment We have successfully designed and built our state of the art Sewage Treatment Plant (STP), offering a range of benefits to the end user including the packaged MBR STP plant that has the capability to process and produce high quality water, surpassing the most stringent standards.
For nearly 50 years, RSHS has remained committed to meeting the needs of its customers by providing high quality, quick, reliable, innovative and durable housing products as well as unparalleled customer service.
Infrastructural Works RSHS can help you bring your facilities up to standard and fulfil and exceed any industry requirements and regulations.
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CASE STUDY
Bechtel Australia partners with Red Sea Housing Services to build housing facility for 1100 employees Bechtel is one of the most respected global engineering, project management, and construction companies. Bechtel has completed Australian projects that have helped grow the nation. Guinea is the world’s second largest producer of bauxite, which is its primary export, representing 90% of the country’s overall exports. Bechtel Australia Pty. Ltd needed to supply and install housing facility for 1100 personnel with all related infrastructure services in the mining town of Sangarédi, Guinea. RSHS was able to engineer, procure and construct the facility in a highly complex environment within a tight timescale. Operating with highly complex logistics in a remote location, RSHS successfully built comfortable living quarters required for the Bechtel-Guinea mining project.
OUR SERVICES
RSHS CONDUCTED A VERY PROFESSIONAL ENGINEERING, PROCUREMENT AND INSTALLATION JOB TO BUILD A ROBUST HOUSING FACILITY FOR 1100 STAFF WITHIN A TIGHT TIMESCALE.
Furnishings
Project Logistics
We take care of the complete furnishing of the accommodation units in housing facilities, from sofas, beds, lockers, cooking and dining areas, to air conditioning, fire protection and communication systems.
RSHS always ensures reliable delivery of our housing units whether by land, sea or air.
Hospitality & Catering RSHS provides modular kitchens and food service facilities more quickly and more cost-effectively than traditional permanent construction methods. Our facilities can be designed for small teams to the largest construction teams. We also have qualified chefs to provide exquisite food tailored to suit your taste, health and needs, round the clock.
For more information go to – www.redseahousing.com
Laundry & Pressing We provide industrial laundry services to our customers by offering premium quality equipment for washing and pressing.
Financing Red Sea Housing Services has formed strategic relationships with national and international facility management companies to provide financing options for its clients.
Turnkey Solutions Building on our vast experience in designing, planning and producing manufactured facilities, RSHS continuously strives to deliver high-quality products and services. Having worked in more than 65 countries in varied socioeconomic, political and environmental situations for remote and hostile industries, we are capable of adapting our solutions to the specifications that best suit the conditions that we might encounter at client premises.
Paint Application Services Sherwin-Williams and RSHS have entered into a joint venture agreement to manufacture and supply paints and coatings to selected markets in the Middle East and North Africa. We provide highly trained workers, skilled in paint application across industrial, residential, and commercial projects.
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PRODUCTS & PROJECT UNITS
Steel Roughneck Series
Sitemaster 25 Seaway 10 Series
Our Steel Roughneck Series offers you the best value in housing. It is specifically designed with flexibility in mind and has been made fully customizable to customer-specific building requirements, and is manufactured for longevity to withstand all extreme weather conditions.
The extreme environment conditions that prevail in oilfield operation and exploration, demands units that are heavy duty. Red Sea Housings’ Seaway 10 Series is specially designed to meet tough weather conditions, while providing the much desired extra space (10 foot wide), flexibility, easy mobility and relocation capability much desired in these sectors.
Sitemaster 25 Roughneck Series Sitemaster Series is an innovative and unique product, suitable for residential and commercial housing projects. The Sitemaster 25 Roughneck is specially designed to meet the tough conditions experienced in oilfield operation and exploration. This heavy duty unit has steel skid which provide flexibility and easy relocation from one project to another. It is highly suitable for extreme climates.
Sitemaster 25 Seaway Series Oil exploration happens in one of the most environmentally risk-prone areas where livelihoods can be significantly affected in the event of a major incident. RSHS understands the tough environments and has designed its Sitemaster 25 Seaway Series specifically to meet extreme weather conditions in oilfield operations and exploration. It is the ultimate solution for your rig camp housing requirements.
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Firemaster 60 Series Fire protection is a major concern when it comes to housing construction. RSHS understands the need of the market and have engineered solutions that ensure high performance fire protection and superior quality for camp housing. Designed and engineered to withstand a fire rating of up to 60 minutes, Red Sea Housing’s Firemaster 60 Series is an optimal solution for residential and permanent housing applications, providing customers with a fine balance of fire performance vis-à-vis cost.
PROJECT UNITS
Sandwich Panel
Accommodation Units Hospital/Clinic/Medical facilities Office Units Recreation Units Kitchen & Dining Lavatory/Ablution Unit Security Centres/Guard Houses Drill/Rig/Labour Camp Hotel or Canteen Unit School and Training Unit
Sandwich Panel is made of three basic components, the external metal protection on the outside, the inner metal liner, and the insulation core which is sandwiched in between the two.
Generator Unit Reverse Osmosis Plant Waste Water or Sewage Treatment Plant Water Treatment Unit Mobile Unit Power Generation Plant Relief Housing Facility Heavy Duty Unit Diesel Tank Water Storage Tank
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SECTORS WE SERVE
An international market leader in developing related infrastructure and housing facilities, Red Sea Housing Services has amassed a wealth of experience providing modular building products and services to a wide range of customers in various industries.
FOR ALL OF OUR CLIENTS, QUALITY IS PARAMOUNT, SAFETY IS CRITICAL AND PRODUCTIVITY IS KEY. Our customers include international corporations in the following sectors:
Oil & Gas Infrastructure Government Building and Construction Mining Defense Offshore Manufacturing
20,000
House over 20,000 clients a day
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RSHS’ solid track record of success with its customers underlines a comprehensive knowledge of the unique needs and challenges they face in these sectors as they look to create staff accommodation in both rural and urban communities around the world. Most of our customers have availed our turnkey services and leveraged our building materials division. Red Sea Housing Services can meet your industrial housing, affordable housing and building material needs, within optimal time in line with client budgets.
60,000
Provide over 60,000 meals a day
4,500+ 4,000+ projects worldwide
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FOR ALL OF OUR CLIENTS, QUALITY IS PARAMOUNT, SAFETY IS CRITICAL AND PRODUCTIVITY IS KEY.
SECTORS WE SERVE
An international market leader in developing related infrastructure and housing facilities, Red Sea Housing Services has amassed a wealth of experience providing modular building products and services to a wide range of customers in various industries.
20,000
House over 20,000 clients a day
60,000
Provide over 60,000 meals a day
4,500+
Our customers include international corporations in the following sectors:
Oil & Gas Infrastructure Government Building and Construction Mining Defense Offshore Manufacturing RSHS’ solid track record of success with its customers underlines a comprehensive knowledge of the unique needs and challenges they face in these sectors as they look to create staff accommodation in both rural and urban communities around the world. Most of our customers have availed our turnkey services and leveraged our building materials division. Red Sea Housing Services can meet your industrial housing, affordable housing and building material needs, within optimal time in line with client budgets.
4,000+ projects worldwide
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INVESTOR RELATIONS
RSHS has been publicly listed on the Saudi Stock Exchange (Tadawul: 4230) since November 2006, continuously delivering value to shareholders.
Established on
Industry
29.96%
Building and Construction
Sub–industry
Building and Construction
ISIN
WE ARE ON TRACK FOR A BRIGHT FUTURE AHEAD – ONE WHICH COMBINES SUSTAINABLE RETURNS WITH SOCIAL IMPACT AS WE ENTER NEW MARKETS.
26-Sep-2006
Stock listing on: 04-Nov-2006
Outstanding shares 60,000,000
Free float shares RSHS endeavors to provide sound financial information to our investors, analysts and future strategic partners, in order to enable a transparent assessment of the company’s value.
SA000A0KEWM4
IR Contact
Mohamed Mallawi mohammed.mallawi@redseahousing.com
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CORPORATE CITIZENSHIP AND SOCIAL RESPONSIBILITY
CASE STUDY
MDC/OPI International Receives Total Residential Infrastructure in Cabinda, Angola.
Red Sea Housing Services is committed to serve the communities we touch upon.
MDC required a turnkey solution to provide accommodation and residential facilities for 440 employees, ready for occupancy by various key players from the oil and gas market based in this exclave territory. Red Sea Housing Services (RSHS) utilized its Sitemaster 25 Series to build a housing environment with lodging for up to 1440 personnel. RSHS equipped the site with all utilities, technology, and health and leisure amenities and installed a medical clinic and first aid station. Leisure facilities were made available, along with on-site water-holding tanks, treatment systems for potable water, and well-planned sewage treatment plants. The camp was secured with power generation units, communication services, and security houses.
We believe that integrating sustainable development and community engagement into our long term strategy is the key to tangible outcomes. Code of Ethics RSHS designs, manufactures, installs, and services customers for industrial housing, affordable housing, and building materials, with utmost dedication and commitment. We believe in replicating success by achieving profitability through disciplined, sustainable growth, underpinned by strong governance.
For more information go to – www.redseahousing.com
Environmental Sustainability RSHS is conscious of the need to reduce our environmental footprint. To achieve this means we make sure to conserve energy and resources throughout our operations. Be it in the choice of raw materials, the process of manufacturing, the design of innovative products, site installation, or servicing at the customer’s premises, we make sure that we reduce adverse environmental impact.
Equality, Diversity & Inclusion
and equal opportunities for growth and development. The work we do is centered on building meaningful, enduring and respectful relationships across the different cultures and geographies that we work in, and is enhance by accruing the wealth of knowledge that comes from working with people from different cultural, religious, economic, and educational backgrounds.
Corporate Social Responsibility RSHS is proud to be able to work and reach out to people in the most remote locations especially when supporting governments at the advent of natural calamities requiring emergency accommodation services and responses. We work with relief agencies to provide schools, clinics and permanent and mobile homes in the most remote, poor, and hostile environments.
Social Impact At Red Sea Housing, our approach to quality has a direct, positive impact on our people, projects and communities. We know the land and have a deep cultural understanding of operating in isolated and often inaccessible areas. Local residents benefit not only from well-built infrastructure, but also from training and mentorship programs.
RSHS recognizes the diversity and contribution of people and prides itself on creating a challenging work environment that instils learning, performance,
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AWARDS & RECOGNITION Fostering performance at Red Sea Housing Services. Red Sea Housing Services is an award-winning company that prides itself on its impeccable record of safety, speed, quality and performance. We have garnered accolades throughout the years, within these categories, as a testament to our high standards and continued drive for customer satisfaction. We strive to improve standards in our company as well as across the sector, and have succeeded in pioneering industry benchmarks in the process. These awards keep us motivated and inspire us to stretch our limits and continue to innovate, improve and excel.
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PROVIDING HIGH QUALITY LIVING AND WORKING ENVIRONMENTS FOR INDUSTRIAL AND RESIDENTIAL COMMUNITIES
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Head Office King Abdullah Economic City, Kingdom of Saudi Arabia Email: info@redseahousing.com RED SEA HOUSING SERVICES COMPANY DUBAI FZE P.O. Box 17365, Jebel Ali Free Zone Dubai, United Arab Emirates Tel: +971-4-883-8589 Fax: +971-4-883-9731 Email: rshs.dubai@redseahousing.com RED SEA HOUSING SERVICES (GHANA) LIMITED Private Mail Bag Tema, Ghana Tel: +233-22-251-033 Fax: +233-22-251-003 Email: rshs.ghana@redseahousing.com SARL RED SEA HOUSING SERVICES ALGERIA LIMITED (ALGERIA) Route d’El Borma Hassi Messaoud Ouargla, Algeria Tel: +213-2975-0822 Fax: +213-2975-083 Email: rshs.algeria@redseahousing.com
RED SEA HOUSING SERVICES (MOZAMBIQUE) LDA Rua 1301no 97, Largo Do Comite CentralSommerschield, Maputo, Mozambique Tel: +258-21-493465 Fax: +258-21-010649 Email: rshs.mozambique@redseahousing.com RED SEA HOUSING SERVICES COMPANY (PAPUA NEW GUINEA) LTD P.O. Box 317, Konedobu, National Capital District, Papua New Guinea Tel: +675-340-4585 Email: sales.png@redseahousing.com RED SEA HOUSING SERVICES PTY LTD (AUSTRALIA) P.O. Box 8352, Wynnum North, 4178 Brisbane, Australia Tel: +617-3137-6800 Fax: +617-3137-6801 Email: sales.aust@redseahousing.com
RED SEA HOUSING SERVICES LLC (OMAN) P.O. Box 971, PC 131, Al Wattayah, Muscat, Sultanate of Oman Tel: +968-2466-7648 Fax: +968-2466-7788 Email: rshs.oman@redseahousing.com RED SEA HOUSING SERVICES MALAYSIA Malaysian Head Office, Level 20 Menara Standard Chartered, No. 30 Jalan Sultan Ismail, Kuala Lumpur Tel: 603 2117 5029 Fax: +603 2117 5201 Email: sales.malaysia@redseahousing.com