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Saudi Arabia launches new luxury property and tourism project Al Wadi
Oct 28, 2023
Saudi Arabia launches new luxury property and tourism project Al Wadi Riyadh
By   Internet
  • City News
  • Saudi Arabia Property
  • Luxury Real Estate
  • Saudi Arabia Luxury Homes
Abstract: Saudi Arabia has announced the development of a new luxury real estate and tourism project named Al Wadi in the Asir region. The project is being developed by Ardara, a company established by Saudi Crown Prince and PIF Chairman Mohammed bin Salman.

Reportedly, the Al Wadi project spans over 2.5 million square meters, with over 30% of the area dedicated to green open spaces, including over 16 kilometers of waterfront areas and 17 kilometers of sports trails, along with various cultural and community activity spaces.


The Al Wadi project will be divided into five distinct districts and will offer a variety of residential, hospitality, and entertainment options over the next three years. These include modern high-end apartments, villas, luxury hotels, commercial spaces, and business facilities. All constructions will be designed according to the highest international standards and will blend in with the historical features of the region.

Saudi Arabia launches new luxury property and tourism project Al Wadi

By 2030, the Al Wadi project is expected to contribute over 19 billion Riyals to Saudi Arabia's non-oil GDP and create thousands of jobs.


The development of the Al Wadi project marks a significant milestone for the Saudi Arabian government in its efforts to promote economic diversification. The country has long relied on the oil industry, but with the increasing global demand for renewable and clean energy, the Saudi Arabian government has started to seek other avenues for economic growth.


Tourism is one of the key areas, and the development of the Al Wadi project will bring new opportunities for the country's tourism industry.


Furthermore, the construction of the Al Wadi project will also foster the development of the local community. The project will provide employment opportunities, helping to improve the standard of living for local residents.


Simultaneously, the Al Wadi project will also improve local infrastructure and public services, including roads, bridges, healthcare facilities, and educational institutions, which will contribute to enhancing the quality of life for local residents.

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Saudi Arabia launches new luxury property and tourism project Al Wadi
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