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Red Sea International appoints Khalid Mohammed Fagih MD and CEO

Red Sea International Company names new CEO

Saudi-based Red Sea International Company, one of the largest manufacturers of modular buildings in GCC, has appointed Khalid Mohammed Fagih as its new chief executive replacing Engineer Tareq Mohammed Telmesani who stepped down from his post recently.

Modular Construction Market to Reach USD 114 78 Billion by 2028; Increasing Adoption of Lean Manufacturing Techniques to Stimulate Growth: Fortune Business Insights™

USD 114.78 billion by 2028 while exhibiting a CAGR of 6.1% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, “Modular Construction Market, 2021-2028.” The report further observes that the market stood at USD 72.11 billion in 2020. Factors such as adoption of advanced lean manufacturing techniques and the growing infrastructure investment are expected to boost the adoption of the product globally. For instance, in March 2021, Finch Buildings, a Dutch sustainable building solutions provider, announced that it has raised over EURO 1 million with the help of Belgium-based AMAVI Capital to establish its presence globally. According to the European Union, 35% of the total waste generation in Europe is due to the construction sector. The company is a staunch believer of the fact that construction of wooden buildings is the solution going forward.

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