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Al Balad Development Company
Al Balad Development Company (BDC; ) is a hospitality and tourism company based in Jeddah, Saudi Arabia. The company was founded in October 2023 by the Public Investment Fund as part of Saudi Vision 2030. BDC aims to transform Al Balad Historic District into a global tourist destination. History BDC was officially launched by the Public Investment Fund on 3 October 2023 as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. In May 2024, Jeddah Historic District Program announced the restoration of 3 historical houses, which are the Jokhdar House, Al-Rayyis House, and Kedwan House, and turning them into luxury hotels. The restoration was supervised by the ministry of culture, which assigned Al Balad Development Company to manage the hotels. See also * Saudi Vision 2030 * List of World Heritage Sites in Saudi Arabia * List of Saudi Vision 2030 Projects * Jeddah Central Development Company * Soudah Development Company * Al-Ula Development Company A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Ula Development Company
Al-Ula Development Company (UDC; ) is a Hospitality industry, hospitality and real estate development company based in Al-Ula, Saudi Arabia. The company was founded in January 2023 by the Public Investment Fund as part of Saudi Vision 2030. The company aims to transform Al-Ula into a global tourist destination. History UDC was officially launched by the Public Investment Fund in January 30, 2021 as part of Saudi Vision 2030 plan to diversify the Economy of Saudi Arabia, Saudi Economy away from oil. UDC, in collaboration with the Royal Commission for Al-Ula, aim to turn Al-Ula into a global tourist destination. In September 13, 2023, signed an agreement with Marriott International to open a 250-key hotel in Al-Ula. The hotel is set to open in 2025. In October 30, 2023, UDC signed an agreement with Six Senses to open a hotel in Al-Ula. The hotel features 100 guest villas and 25 residences. The hotel is expected to be completed in 2027. Assets As of March 2024, there are 5 opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soudah Development Company
Soudah Development Company (SDC; ) is a real estate development company based in Riyadh, Saudi Arabia. The company was founded in February 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. SDC is owned by the Public Investment Fund. The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks. History SDC was officially launched by Mohammed bin Salman in February 24, 2021, as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. Projects Soudah Peaks In September 2023, Soudah Development Company launched Soudah Peaks, a mountain tourism destination built on Jabal Soudah, Saudi Arabia's highest peak at a height of 3,015 m. The project consists of 6 different regions, including Rijal Almaa Heritage Village. See also * List of Saudi Vision 2030 Projects * Jabal Soudah * Al Balad Development Company * Jeddah Central Development Company * Al-Ula Development Company Al-Ula Development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeddah Central Development Company
Jeddah Central Development Company (JCDC; ) is an urban and real estate development company based in Jeddah, Saudi Arabia. The company was founded in December 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. JCDC is owned by the Public Investment Fund. The company is responsible for the development of the $20 billion Jeddah Central project. History JCDC was officially launched by Mohammed bin Salman on 17 December 2021 as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil. Projects Jeddah Central In September 2023, Jeddah Central Development Company launched Jeddah Central, a $20 billion project to develop central Jeddah. The project spans over an area of 5.7 km2 and includes 4 main landmarks, which are: a stadium, museum, oceanarium and opera house. The stadium is expected to host both 2027 AFC Asian Cup and 2034 FIFA World Cup. See also * List of Saudi Vision 2030 Projects * Saudi Vision 2030 * Al Balad Development Compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of World Heritage Sites In Saudi Arabia
UNESCO, The United Nations Educational, Scientific and Cultural Organization (UNESCO) established in 1972 is engaged in the protection and preservation of cultural or natural heritage. There are 8 UNESCO World Heritage Sites in Saudi Arabia inscribed from 2008 to 2024. Map List of sites Tentative List See also * List of Intangible Cultural Heritage elements in Saudi Arabia References __FORCETOC__ External links {{DEFAULTSORT:World Heritage Sites in Saudi Arabia Saudi Arabia geography-related lists Lists of World Heritage Sites, Saudi Arabia Lists of tourist attractions in Saudi Arabia, World Heritage Sites World Heritage Sites in Saudi Arabia, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Culture (Saudi Arabia)
The Ministry of Culture (MoC; ) is a governmental organization in Saudi Arabia was established in June 2018 and responsible for various aspects of Saudi culture. The Minister of Culture is Prince Badr bin Farhan Al-Saud who was appointed as its new and first minister. History In 1962, the ministry of information was founded to be in charge of information and media before it was renamed to "Ministry of Culture and Information" in 2003 to include culture affairs under its umbrella. On 1 June 2018, the culture was separated from the media resulting in two different ministries; Ministry of Culture and Ministry of Media. Cultural Commissions The following list contains the commissions operating under the Ministry of Culture: Cultural Awards Cultural Awards are awards presented to Saudi individuals, cultural groups and organizations for their cultural contributions. The awards are presented in an annual event organized by the Ministry of Culture. The Cultural Awards were launche ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Saudi Arabia
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts for approximately 30% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC. In 2016, the Saudi government launched its Saudi Vision 2030 program to reduce its dependency on oil and diversify its economic resources. By 2022, Saudi Arabia had only modestly reduced its dependence on oil. Monetary policy in Saudi Arabia is anchored by the fixed exchange rate of the Saudi Riyal to the U.S. Dollar. Nearly every maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hospitality Industry
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, restaurants, nightclubs, and bars. Sectors According to the Cambridge Business English Dictionary the "hospitality industry" consists of hotels and food service, equivalent to NAICS code 72, "Accommodation and Food Service". Definition in the United States In 2020, the United States Department of Labor Standard Industrial Classification (SIC) defines the hospitality industry more broadly, including: * 701 Hotels and Motels, including auto courts, bed and breakfast inns, cabins and cottages, casino hotels, hostels, hotels (except residential ones), inns furnishing food and lodging, motels, recreational hotels, resort hotels, seasonal hotels, ski lodges and resorts, tourist cabins and tourist courts * 704 Organization Hotels and Lodging Houses, On a Membership Basis * 58 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Balad, Jeddah
Al-Balad (), also known as Jeddah Historic District (), is the historical area of Jeddah, the second largest city of Saudi Arabia. Al-Balad can literally be translated to "The Town". Al-Balad is the historic center of the City of Jeddah.Baker, Razan.Tales of Old Jeddah" ''Arab News''. Thursday 25 January 2007 (06 Muharram 1428). Retrieved on 25 August 2009. Traditional Hijazi houses are characterized by their wooden Roshan () windows and balconies, which are similar to the Mashrabiya found in Egypt, Iraq and other countries, and to the Gallarija found in Malta (which is a descendant of the Muxrabija). In May 2019, Crown Prince Mohammed bin Salman announced a multi-billion dollar restoration of 56 historical building in Al-Balad. The first stage of the restoration is worth $13.3 million. In October 2023 and in line with Saudi Vision 2030, The Saudi Public Investment Fund announced Al Balad Development Company, which aims to transform Historic Jeddah into a global tourist des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Vision 2030
Saudi Vision 2030 (, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi crown prince and prime minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". Despite efforts to reduce Saudi dependence on oil, , Saudi Arabia remains heavily dependent on oil revenue, as measured by its contribution to gross domestic product (GDP), fiscal revenue, and exports. Oil accounted for approximately 40% of Saudi GDP and 75% of its fiscal revenue. Additionally, the program is facing strong criticism from human rights advocates, with allegedly over 21,000 workers having died on the job ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
