PIF launches development project to boost sustainable tourism

Saudi Arabia’s Public Investment Fund (PIF) on Tuesday announced the launch of the Wadi Al Disah Development Project, located in the Prince Mohammed bin Salman Natural Reserve and southwest of Tabuk.

The development will become a major sustainable tourism location, preserving the local environment and wildlife, the Center for International Communication (CIC) said in a statement.

The PIF will establish a company to develop the project, which will contribute to the creation of sustainable tourism and related job opportunities in the Kingdom.

The region features a moderate climate, distinctive mountainous terrain and flowing springs, which will help the project become one of the Kingdom’s most environmentally diverse tourist attractions, the statement added.

The announcement of the Wadi Al Disah Development Project follows the launch of the Amaala ultra-luxury tourism project in September, which will be the focal point of the tourism ecosystem within the Prince Mohammed bin Salman Natural Reserve.

The geographical location, situated between NEOM, The Red Sea Development Project, Amaala and Al-Ula projects will ensure a diverse and unique tourism offering, providing a compelling investment opportunity for the private sector.