Soudah Peaks () is a planned

mountain A mountain is an elevated portion of the Earth's crust, generally with steep sides that show significant exposed bedrock. Although definitions vary, a mountain may differ from a plateau in having a limited summit area, and is usually higher t ...

tourism Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as ...

destination project in Soudah,

Asir Province Asir, officially the Aseer Province, is a province of Saudi Arabia in southern Arabia. It has an area of , and an estimated population of 2,024,285 (in 2022). Asir is bounded by the Mecca Province to the north and west, al-Bahah Province to the ...

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

. Soudah Peaks project is developed by

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 Investm ...

(SDC), one of the companies founded by the Saudi

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 $7.7 billion project was officially announced 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 ...

in September 2023. It spans a total area of 627 km² with an elevation of 3,015 m above sea level on Saudi Arabia's highest peak. As part of Saudi Arabia's Vision 2030 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 An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...

, SDC says that the project will create contribute more than $7.8 billion to Saudi Arabia's national

GDP Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance o ...

by the year 2033, in addition to creating thousands of jobs. The project aims to attract 2 million annual visitors by the year 2033.

Background

Soudah Peaks was launched on 25 September 2023 by

as one of Saudi Arabia's Vision 2030

projects A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be ...

. Soudah Peaks will go through 3 development phases: * The first phase is expected to start in 2024, and will be completed in 2026. This phase includes the development of five of the six zones. In addition, it will include the construction of 940 hotel units, 391 residential units, and 1,025 staff accommodation units. * The second phase will begin construction in 2027, and is expected to be completed in 2029. This phase will increase the total capacity to 1,735 hotel units, 641 residential units, and 2,150 staff accommodation units. * The third and final phase is expected to be inaugurated by 2033. This phase includes the development of Jareen, last of the six development zones. The total capacity by the end of this phase will be 2,700 hotel units, 1,336 residential units, and 3,022 staff accommodation units.

Zones

The following list contains the zones included in the Soudah Peaks Project:

References

Planned communities in Saudi Arabia Tourist attractions in Saudi Arabia

External links

* * {{URL, https://soudah.sa/en

Background

Zones

See also

References

External links