SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
AlUla Development Company Launches Operations to Support the Development & Preservation of AlUla
 

• From inception to completion, the company plans to deliver hospitality, residential, retail and infrastructure projects to turn AlUla into a global tourism destination.
 
• AlUla Development Company is, wholly owned by the Public Investment Fund (PIF) that aims to unlock the capabilities of new sectors and help drive Saudi Arabia’s economic diversification in line with Vision 2030.
 
• The planned developments include 7,500+ hotel keys, 5,000 residential units, a staff village comprising 1,000+ units, supporting infrastructure, and more.

 
Riyadh, Saudi Arabia – January 30th, 2023:

 
AlUla Development Company, wholly owned by the Public Investment Fund (PIF), is launching operations to support the development of AlUla. Through real estate development and asset management along with a long-term investment strategy, AlUla Development Company will create jobs and opportunities for local businesses and communities whilst preserving one of the world’s largest and oldest cultural sites.
 
The company’s mandate is in line with PIF’s strategy on unlocking the capabilities of promising sectors in Saudi Arabia that can help drive the diversification of the economy, increase private sector engagement and improve quality of life to support Saudi Arabia’s position regionally and internationally as a leading tourism and cultural destination in line with Vision 2030. 
 
AlUla Development Company is now an additional pillar to the economic ecosystem in Saudi comprising numerous projects designed to stimulate and benefit the country as well as promote development and investment across various sectors.
 
The company will advance the next chapter of AlUla’s extraordinary legacy and transform the ancient city into a global tourism destination. The entity will work in collaboration with RCU and private sector entities to support the development and operation of a world-class portfolio of global hospitality, residential, retail, commercial and infrastructure assets.
 
The planned developments include 7,500+ hotel keys, 5,000 residential units, a staff village comprising 1,000+ units, supporting infrastructure, and more.
 
AlUla Development Company will work closely with local and international experts in architecture, construction, design and heritage conservation to deliver the sustainable transformation of AlUla.
 
 
 
ÇáÎÈÑ ÇáÕÍÝí

 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 6753 times
PR Category : Banking & Investments
Posted on : Monday, January 30, 2023  3:54:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Cisco Reveals Top Technology Insights for 2023 ahead of LEAP...
Next Story : LG Announces 2022 Financial Results
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Xiaomi Opens Flagship Store in the UAE at Dubai Mall [7194-Views]
Seasonal Pieces from Pandora [7152-Views]
A Celebration of All Mothers [6038-Views]
Unleash Your Summer Glow with CATRICE's Spring/Summer Collection [5939-Views]
Chery, Leading the Future in Technology, debuted at the Shanghai Auto Show [5164-Views]
MAISON LUXE, Welcomes Perrelet's Limited-edition Turbine Poker Collection [5075-Views]
UAE Ratification of MP14 Boosts the Global Fight Against Unruly Passengers [4126-Views]
Airbus Reports First Quarter (Q1) 2023 Results [3381-Views]
Introducing the Isle of Man TT Limited Edition: Discover the New 43mm Chronograph [3360-Views]
Seek the Sun with Pandora [2816-Views]
Formula E Rookies Prove Next Generation Is Ready for Gen3 Racing [2395-Views]
Formula E'S Global Epsorts Sim Competition is Back with New Influencer-Led Spinoff Series [2383-Views]
Unveiling Emirati Elegance and Charm: Look Radiant this Summer Draped in Swarovski® and Emirati Cult... [2229-Views]
Formula E Double-Header in Berlin as Germany Dominates Standings - How to Watch the 2023 Sabic Berl... [2216-Views]
Saudi Airline Catering Chef Takes the Scene at TUTTOFOOD Winning the Final of The Dates Connection [2189-Views]
Formula E's Gen3 Race Car is made for Monaco - How to Watch the 2023 Monaco e-prix [2161-Views]
Google Launches a Short Video Series on Social Media to Promote Tourism in Saudi Arabia [2149-Views]
Nick Cassidy Powers through the Pack to Win Second Race in 2023 Sabic Berlin E-Prix Double-Header [2057-Views]
Maserati's Max Gunther Powers around Monaco [2043-Views]
Swarovski® Embellished Legacy Label, Rizwan Fashion, Launches an Array of New Eid Accessories [2029-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories