Amaala earns global certification for risk and resilience

Amaala, the ultra-luxury development located along Saudi Arabia’s north-western Red Sea coast, has been awarded two ISO certifications covering risk management and business continuity management systems, the highest level of certification offered by the awarding body.  

 

Amaala was audited by the British Standards Institution (BSI), the business improvement and standards company that enables organisations to turn standards of best practice into habits of excellence. 

 

Amaala’s ISO31000:2018 certification is a result of the implementation of a rigorous process towards risk identification, analysis, evaluation and treatment that adhere to the destination’s business objectives. The audit successfully recognised the efficiencies of Amaala’s risk management strategy, which guaranteed confident risk reporting, successful decision making, and accountability across the organisation, the company said.

 

For the ISO 22301:2019 certification, BSI conducted an audit on the current operations of the organisation, analysing the strategic direction of the management system and comparing the current the resilience controls and arrangements that have been put in place against the overall strategic goals of the organisation and its risk appetite. BSI found Amaala’s approach to Resilience and its components of Crisis Management and Business Continuity to be compliant with the standard. This competence will continue to be re-assessed annually to ensure the highest levels of implementation are maintained, it said.

 

“Holding ourselves to the highest standards is at the heart of our work at Amaala,” said John Pagano, CEO of Amaala and TRSDC. “Both certifications are a reward for our consistent approach to managing risk and resilience in an organised and process-driven manner. Amaala  now joins The Red Sea Development Company in being recognised as a regional leader in terms of Resilience and Business Continuity, and Risk Management and I am delighted that the project is being delivered in line with globally recognized standards”, he added.

 

The successful implementation of Amaala’s operations have been demonstrated through its response to Covid-19 and the organisation was commended for maintaining its critical business activities during the pandemic. The audit also assessed the manner in which Amaala analysed and mitigated continuity risks in is supply chain, evaluating critical suppliers and its own resilience capability, all of which were praised by the assigned auditor.

 

BSI also commended the strategic support and commitment that Amaala clearly has towards Resilience, as well as the collaboration between all teams who have a role in managing and responding to disruptive incidents. BSI noted Amaala’s excellence in identifying risks and escalating its response where required to minimise the impact on the whole organisation. 

 

“BSI is committed to helping organisations become more agile, sustainable and resilient in today’s world. Amaala’s adoption and compliance to the ISO 22301:2019 and ISO31000:2018 standards demonstrate its commitment to increase its resilience and manage incidents effectively. This certification also demonstrates Amaala’s preparedness for disruptive incidents due to its tested plans. I’d like to congratulate Amaala on behalf of BSI for this achievement,” said Theuns Kotze, Managing Director of BSI, IMETA region.

 

Amaala is a core component of the Vision 2030 strategy to diversify the economy by enabling rapid growth in the tourism sector. The project is expected to create upwards of 50,000 new direct, indirect and induced jobs for Saudis, as well as upwards of SR3 billion to the country’s GDP once fully operational.

 

AMAALA has awarded more than 250 contracts worth in excess of SR5.1 billion, of which more than 78 percent was awarded to Saudi companies. Work is well underway on-site to deliver the first phase of the project including eight hotels offering 1,400 keys, as well as a world class yachting marina, golf course and other amenities. 

 

Approximately 2,500 construction workers are already on site. Multiple contracts are expected to go to market in 2022 as activity ramps up and an RFP for the Utilities PPP has already been tendered. – TradeArabia News Service