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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] |
Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. ... [...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] |
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] |
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] |
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] |
Rijal Almaa
Rijal Almaa or Rijal Almaa () is a village located in the Asir province, Saudi Arabia. It is about west of Abha, in the southwest of Saudi Arabia. The village is more than 900 years old. The village had an ideal location through which it linked the people coming from Yemen and the Levant through the Holy City of Mecca and Medina. As a result, it became a regional trade center. Rijal Almaa contains around 60 multi-story buildings made of stone, clay and wood. The village has historical significance as it has a number of long and old fortresses. As the village is open for visitors, people can reach the place through a number of ways including Sawda center, Aqabat Sama, Muhayil Asir and Hobail. Description The village includes several buildings, which consist of several floors, some reaching eight floors, they were made of stones and they also have colored wooden windows. They also contain inscriptions that appear on the interior walls of rooms. The art used in these inscription ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jabal Soudah
Jabal Soudah ( ', ) is a peak in the Soudah mountains in Saudi Arabia. Jabal Soudah is officially recognized by the Saudi authorities as the highest point in Saudi Arabia, with an elevation of . The village of Al-Soudah is located nearby. The town is a tourist centre and has a cable car to the top of the mountain. Climate Soudah Peaks On 25 September 2023, Saudi Crown Prince Mohammed Bin Salman announced Soudah Peaks Project. Al Soudah Peaks is a luxury mountain tourism destination 3,015 meters above sea level. The project is part of Saudi Vision 2030 and is expected to contribute $7.732 billion to Saudi's GDP and generate thousands of jobs. The project aims to attract 2 million tourists throughout the year by 2033. See also * Geology of Saudi Arabia * Geography of Saudi Arabia * List of elevation extremes by country The following sortable table lists land surface elevation extremes by country or dependent territory. Topographic elevation is the vertical distan ... [...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] |
Riyadh
Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in the 1950s as an offshoot of the 18th century Walled town of Riyadh, walled town following the dismantling of its Riyadh city fortifications, defensive fortifications. It is the List of Arabian cities by population, largest city on the Arabian Peninsula, and is situated in the center of the An Nafud, an-Nafud desert, on the eastern part of the Najd plateau. The city sits at an average of above sea level, and receives around 5 million Tourism in Saudi Arabia, tourists each year, making it the List of cities by international visitors, forty-ninth most visited city in the world and the 6th in the Middle East. Riyadh had a population of 7.0 million people in 2022, making it the List of cities in Saudi Arabia, most-populous city in Saudi Arabia, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
