Soudah Peaks Explained

Soudah Peaks
Location:	Al Soudah, 'Asir Province, Saudi Arabia
Owner:	Public Investment Fund
Established:	^[1]
Native Name:	قمم السودة
Founder:	Mohammed bin Salman
Key People:	Mohammed bin Salman (Chairman) Badr bin Abdullah (Vice Chairman) Saleh Aloraini (CEO)^[2]
Budget:	$7.7 Billion^[3]

Soudah Peaks is a planned mountain tourism destination project in Al Soudah, 'Asir Province, Saudi Arabia. Soudah Peaks project is developed by Soudah Development Company (SDC), one of the companies founded by the Saudi Public Investment Fund. The $7.7 billion project was officially announced by Crown Prince Mohammed bin Salman 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.^[4]

As part of Saudi Arabia's Vision 2030 to diversify the Saudi economy away from oil, SDC says that the project will create contribute more than $7.8 billion to Saudi Arabia's national GDP by the year 2033, in addition to creating thousands of jobs. The project aims to attract 2 million annual visitors by the year 2033.^[5]

Background

Soudah Peaks was launched on 25 September 2023 by Crown Prince Mohammed bin Salman as one of Saudi Arabia's Vision 2030 projects.^[6]

Soudah Peaks will go through 3 development phases:^[7]

• 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:^{[8] [9]}

Zones

Name	Total Area (m^2)^[10]	Website
Sabrah	155,608
Rijal	14,713
Sahab	57,212
Jareen	TBA
Tahlal	766,086
Red Rock	40,382

See also

• List of Saudi Vision 2030 Projects
• Saudi Vision 2030
• Neom
• Al Soudah
• Jabal Soudah

Notes and References

1. News: Fatima . Sakina . 2023-09-25 . Saudi Crown Prince launches masterplan to develop ‘Soudah Peaks’ . The Siasat Daily . 2024-02-13.
2. Web site: Our mission is to drive growth in Soudah and parts of Rijal Almaa . . 2023-09-25 . soudah.sa . Soudah Development Company . 2024-02-13 .
3. News: Tolentino . Julianne . 2023-09-26 . Saudi Arabia to develop a $7.7bn luxury mountain resort . Construction Week Middle East . 2024-02-13.
4. News: . 25 September 2023. Saudi crown prince launches ‘Soudah Peaks’ masterplan . Arab News . 2024-02-13.
5. News: . 2023-09-25 . Saudi Arabia Crown Prince launches Soudah Peaks masterplan . Gulf News . 2024-02-13.
6. News: . 2023-09-25 . Saudi wealth fund commits $3bn to build mega mountain resort project, Soudah . Gulf Business . 2024-02-13.
7. News: Iqbal . Yasir . 2024-01-31 . Saudi Arabia set to tender Soudah Peaks in Q3 . MEED . 2024-02-13.
8. News: Hafiz . Talat . 2023-09-29 . Souda Peaks adds soaring value to Saudi Arabia’s tourism industry . Arab News . 2024-02-13.
9. Web site: A Luxury Mountain Destination with an unparalleled Experiences . . 2023-09-25 . soudahpeaks.com . Soudah Development Company . 2024-02-13 .
10. Web site: Sustainability Report 2023: A year of planning & preparation . . soudah.sa . Soudah Development Company . 2024-05-19 .