Soudah Development Company
{{Short description|Company based in Saudi Arabia}}
{{Use dmy dates|date=January 2023}}
{{Infobox company
| name = Soudah Development Company
| logo = Soudah Development Logo.svg
| native_name = السودة للتطوير
| type = Privately held company
| native_name_lang = ar
| industry = Real Estate Developer
| foundation = {{Start date and age|df=yes|2021|02|24}}{{cite news |author= |date=2023-02-24 |title=Saudi Arabia launches Soudah Development Company that will lead a $3 bln project |url=https://english.alarabiya.net/business/economy/2021/02/24/Saudi-Arabia-launches-Soudah-Development-Company-that-will-lead-a-3-bln-project |work=Al Arabiya English |location= |access-date=2024-03-15}}
| location_city = Riyadh ,Riyadh Province
| founder = Mohammed bin Salman
| location_country = Saudi Arabia
| key_people = {{ubl|Mohammed bin Salman (Chairman)|Saleh Aloraini (CEO)}}{{cite web |url=https://soudah.sa/en/about-soudah-development |title=Soudah Development Board of Directors |author= |date=2023-02-24 |website=soudah.sa|publisher=Soudah Development Company |access-date=2024-03-15 |quote=}}
| owner = Public Investment Fund
| subsid = Soudah Peaks
| homepage = {{URL|https://soudah.sa/en/}}
}}
Soudah Development Company (SDC; {{Langx|ar|السودة للتطوير}}) is a real estate development company based in Riyadh, Saudi Arabia. The company was founded in February 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. SDC is owned by the Public Investment Fund.{{cite news |author= |date=2021-02-24 |title=Saudi Arabia announces launch of Soudah Development Company |url=https://www.arabnews.com/node/1815251/business-economy |work=Arab News |location= |access-date=2024-03-15}} The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks.{{cite news |author= |date=2023-09-25 |title=Saudi Arabia Crown Prince launches Soudah Peaks masterplan |url=https://gulfnews.com/business/tourism/saudi-arabia-crown-prince-launches-soudah-peaks-masterplan-1.98337271 |work=Gulf News |location= |access-date=2024-03-15}}
History
SDC was officially launched by Mohammed bin Salman in February 24, 2021, as part of Saudi Vision 2030 plan to diversify the Saudi Economy away from oil.{{cite news |last=Derhally |first=Massoud A |date=2021-02-25 |title=Saudi Arabia's PIF launches $3bn tourism and infrastructure venture |url=https://www.thenationalnews.com/business/travel-and-tourism/saudi-arabia-s-pif-launches-3bn-tourism-and-infrastructure-venture-1.1172752 |work=The National News |location= |access-date=2024-03-15}}
Projects
=Soudah Peaks=
{{Main|Soudah Peaks}}
In September 2023, Soudah Development Company launched Soudah Peaks, a mountain tourism destination built on Jabal Soudah, Saudi Arabia's highest peak at a height of 3,015 m. The project consists of 6 different regions, including Rijal Almaa Heritage Village.{{cite news |last=Hafiz |first=Talat |date=2023-09-29 |title=Souda Peaks adds soaring value to Saudi Arabia's tourism industry |url=https://www.arabnews.com/node/2382921/souda-peaks-adds-soaring-value-saudi-arabia%E2%80%99s-tourism-industry |work=Arab News |location= |access-date=2024-03-15}}
See also
References
{{Reflist}}
External links
[https://soudah.sa/en/ Official Website (English)]
{{Saudi Arabia topics}}