Soudah Development Company

Soudah Development Company
Native name
السودة للتطوير
Company typePrivately held company
IndustryReal Estate Developer
Founded24 February 2021; 3 years ago (2021-02-24)[1]
FounderMohammed bin Salman
Headquarters
Riyadh ,Riyadh Province
,
Saudi Arabia
Key people
[2]
OwnerPublic Investment Fund
SubsidiariesSoudah Peaks
Websitesoudah.sa/en/

Soudah Development Company (SDC; Arabic: السودة للتطوير) is a tourism and urban 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.[3] The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks.[4]

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.[5]

Projects

Soudah Peaks

Main article: 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.[6]

See also

References

  1. ^ "Saudi Arabia launches Soudah Development Company that will lead a $3 bln project". Al Arabiya English. 24 February 2023. Retrieved 15 March 2024.
  2. ^ "Soudah Development Board of Directors". soudah.sa. Soudah Development Company. 24 February 2023. Retrieved 15 March 2024.
  3. ^ "Saudi Arabia announces launch of Soudah Development Company". Arab News. 24 February 2021. Retrieved 15 March 2024.
  4. ^ "Saudi Arabia Crown Prince launches Soudah Peaks masterplan". Gulf News. 25 September 2023. Retrieved 15 March 2024.
  5. ^ Derhally, Massoud A (25 February 2021). "Saudi Arabia's PIF launches $3bn tourism and infrastructure venture". The National News. Retrieved 15 March 2024.
  6. ^ Hafiz, Talat (29 September 2023). "Souda Peaks adds soaring value to Saudi Arabia's tourism industry". Arab News. Retrieved 15 March 2024.

Official Website (English)

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