- The company has been awarded ISO31000:2018, the highest level certification in risk management
Riyadh, (18 Feb 2021): Red Sea Global RSG (formerly known as TRSDC) , the developer behind the world’s most ambitious regenerative tourism project, has been awarded ISO31000:2018 certification, the International Organization for Standardization’s highest available standard in risk management.
RSG becomes the first Saudi developer to achieve the certification, following its assessment by the British Standards Institution (BSI), the business standards company that enables organizations to turn standards of best practice into habits of excellence. The audit was conducted at both the corporate and project level and recognizes RSG’s approach to risk management, with the company successfully passing with zero non-conformities.
TRSDC’s approach to risk identification, analysis, evaluation and treatment was praised within BSI’s assessment. It also highlighted strong involvement from the top in managing risk and compliance at TRSDC.
Theuns Kotzé, Managing Director BSI IMETA Assurance, said: “BSI has played a leading role in developing a new generation of standards to help organizations become more agile, sustainable and resilient. The adoption and compliance against ISO 31001 standard, demonstrate RSG’s ongoing commitment in managing risk across the organization. During our audit, we found that RSG was well prepared with robust and agile plans.
On behalf of BSI, I would like to congratulate the entire RSG team for this fantastic achievement.”
In pursuit of its business objectives, RSG has adopted leading risk management practices to ensure confident risk reporting and enable effective decision making and accountability across the business at all levels.
The Red Sea Project has already passed significant milestones and work is on track to welcome the first guests by the end of 2022, when the international airport and the first four hotels will open.
Upon completion in 2030, The Red Sea Project will comprise 50 resorts, offering up to 8,000 hotel rooms and around 1,300 residential properties across 22 islands and six inland sites. The destination will also include luxury marinas, golf courses, entertainment and leisure facilities.
