Soudah Development Company (SDC; ) is a real estate development company based in

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 th ...

, Saudi Arabia. The company was founded in February 2021 by

Crown Prince A crown prince or hereditary prince is the heir apparent to the throne in a royal or imperial monarchy. The female form of the title, crown princess, is held by a woman who is heir apparent or is married to the heir apparent. ''Crown prince ...

Mohammed bin Salman Mohammed bin Salman Al Saud (; born 31 August 1985), also known as MBS or MbS, is the ''de facto'' ruler of the Saudi Arabia, Kingdom of Saudi Arabia, formally serving as Crown Prince of Saudi Arabia, Crown Prince and Prime Minister of Sa ...

as part of

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 pri ...

. SDC is owned by the

Public Investment Fund The Public Investment Fund (PIF; ) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of billion. It was created in 1971 for the purpose of investing funds on be ...

. The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks.

History

SDC was officially launched by

in February 24, 2021, as part of

plan to diversify the

Saudi Economy 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 seco ...

away from oil.

Projects

Soudah Peaks

In September 2023, Soudah Development Company launched Soudah Peaks, a mountain tourism destination built on

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 ...

, Saudi Arabia's highest peak at a height of 3,015 m. The project consists of 6 different regions, including Rijal Almaa Heritage Village.

References

External links

Official Website (English)
{{Saudi Arabia topics Business organisations based in Saudi Arabia Public Investment Fund

History

Projects

Soudah Peaks

See also

References

External links