ALBAWABA – The Saudi construction boom continues as Bin Salman launches the Soudah Development masterplan, Zawya reported Tuesday, which includes the Soudah and parts of Rijal Almaa regions, called the Soudah Peaks project.
The Soudah Peaks is a luxury mountain tourism destination, 3,015 meters above sea level, on Saudi Arabia's highest peak.
Saudi Arabia is experiencing a transformational wave of project today as Bin Salman launches the Soudah Development masterplan, amid the ongoing construction boom, as a key part of the Public Investment Fund (PIF)’s efforts to diversify the economy.
The PIF’s work entails mega projects to expand vital industries such as tourism, hospitality, and entertainment, and supporting Aseer development strategy.
The Soudah Peaks project is strategically aligned with Vision 2030 goals of expanding tourism and entertainment, supporting economic growth, attracting investments. It contributes more than SAR 29 billion to the Kingdom’s cumulative GDP and creates thousands of direct and indirect job opportunities.
Bin Salman said “The masterplan reaffirms our commitment to global efforts in preserving the environment and natural resources for future generations and aims to contribute to diversifying national income sources and building a strong economy that attracts local and global investments.”
King Salman and Crown Prince Mohammed bin Salman along with other members of he Saudi Royal Family - Shutterstock
"Soudah Peaks will be a significant addition to the tourism sector in Saudi Arabia and places the Kingdom on the global tourism map, whilst highlighting and celebrating the country’s rich culture and heritage,” he added.
Soudah Peaks aims to offer high-end luxurious hospitality services to over two million visitors throughout the year by 2033, Zawya underlined.
The masterplan is being designed to reflect the local traditional, and architectural styles, and will promote both the cultural and landscape heritage of the region. The destination will be home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, and Red Rock. Each will offer a range of world-class facilities including hotels, luxury mountain resorts, residential chalets, villas, premium mansion sites, entertainment and commercial attractions, as well as outdoor attractions dedicated to sports, adventure, wellness and culture.
Soudah Development will deliver 2,700 hospitality keys, 1,336 residential units, and 80,000 square meters of commercial space for Soudah Peaks by 2033.
The masterplan will be developed over three phases, with 940 hotel keys, 391 residential units, and 32,000 square meters of retail space expected to be completed in 2027, within Phase one.
