Saudi PIF Launches New Project to Boost Sustainable Tourism

Saudi PIF Launches New Project to Boost Sustainable Tourism

Saudi Arabia’s Public Investment Fund (PIF) has announced the launch of a new sustainable tourism project called “Wadi Al Disah Development Project,” on the southwest of Tabuk city in the Saudi kingdom, Invest-Gate reports.

Situated within the north-west of Prince Mohammed bin Salman Natural Reserve, Wadi Al Disah is set to be “a major sustainable tourism location, preserving the local environment and wildlife,” PIF said in a statement on November 20.

“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 noted.

PIF said that it will set up a company to work on the new mega project, which will contribute to the creation of sustainable tourism and related job opportunities, bolstering the kingdom’s economic diversification and unlocking new assets in Saudi Arabia.

The fund underlined that the news follows the launch of 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.”

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