Red Sea Development Company inks deal to boost local communities through CSR initiatives
The deal follows several initiatives already launched by TRSDC to support the local community
The Red Sea Development Company (TRSDC) has signed a deal with the Ministry of Human Resources and Social Development. The partnership is said to be aimed at unifying efforts to target communities surrounding the project with corporate social responsibility (CSR) initiatives.
The MoU extends over a full calendar year and is renewable for the same period, the statement said.
TRSDC is developing Saudi Arabia’s flagship international tourism destination and is setting new standards in sustainable development, aligned with all 17 of the UN Sustainable Development Goals (SDGs), said CEO John Pagano after inking the deal with Suliman Alzben, Undersecretary of Social Development.
“This MoU represents a collaborative framework towards enhancing our CSR that is in line with the sustainable development goals of the kingdom. Giving back to the people of Saudi Arabia and our local communities in particular is an important part of our vision as a company. We believe in working together with the Ministry of Human Resources and Social Development will benefit society at large,” said Pagano.
Lauding the HR ministry on the partnership, Pagano added, “This initiative is jointly aimed at strengthening and improving the quality of life for those living in close proximity to our project.”
The MoU is said to highlight the role of the ministry and outlines how it will assist in developing a framework to activate the role of CSR and create a plan mapping the activities and programs required based on national priorities.
Pagano stated that it will also provide key information and data required to carry out TRSDC campaigns successfully.
Alzben said the ministry in collaboration with TRSDC aims to support impactful social responsibility initiatives and programs for Saudi Arabia. He explained, “This collaboration represents our commitment in creating a dynamic joint effort that promotes the private and government sector alike.”
