Page 61 - March 2021

Neom
Kingdom of Saudi arabia
developer, PIF

place for a youthful Saudi society to fulfill ambitions; a place personalised experiences in a stunning environment. The
where they can enjoy, appreciate, aspire, advance and nurture Red Sea Project will mitigate carbon dioxide emissions,
their potential and stimulate interest in new professional waster production, and light and noise pollution, maintaining
pathways that help build a stronger future. Qiddiya’s first phase the destination at a level equivalent to a Marine Protected
of development is advancing towards an early 2023 grand Area. The destination’s variety of islands and coastline will
opening and will include over 45 projects and more than 300 present a rare opportunity to enjoy culture and the natural
activities across the creative, hospitality and entertainment world and together with the highest-quality personalised
and sporting sectors. The development has been designed to accommodation and service it will set new standards in
complement and enhance the epic natural landscape of the luxury travel and position Saudi Arabia on the global tourism
site, ensuring Qiddiya will present the best the world has to map. The destination is expected to be fully completed by
offer in a place unlike any other. The first phase will be followed 2030, offering 8,000 hotel rooms across island resorts,
by phase two which will open between 2024 and 2026 and mountain retreats and desert hideaways.
phase three which will open between 2027 and 2031. Diriyah Gate is a 7sq km mixed-use development inspired
The upcoming Red Sea Project is a land and property by new urbanism and historical Najdi architectural typology.
development that was announced in July 2017. It is planned Celebrating 300 years of history and Saudi Arabia’s rich
to be established on the Saudi Arabian Red Sea Coast. The heritage, it will be a world-class lifestyle destination
project is focused on tourism, hoping to attract tourists to integrating best-in-class international brands, unique dining
visit and explore and the Saudi western coast. This Giga- experiences, and traditional local retail offerings. With a
Project is expected the Saudi GDP by $5.86bn per year collection of luxury hospitality venues offering authentic
upon completion, when it will cover 28,000sq km of islands, experiences, it will be a regular gathering place for
beaches, desert, mountains and volcanic AREAS. The first Riyadh’s residents and a must-see destination for tourists.
phase of the scheme is expected to be completed by 2022 The development, being constructed by Diriyah Gate
when 14 luxury and hyper-luxury hotels incorporating 3,000 Development Authority will feature an array of world-
hotel rooms will be constructed along with an airport, class cultural, entertainment, retail, hospitality, educational,
marina and recreations centres. The Red Sea Project is the office and residential areas, including more than 20 hotels,
world’s most ambitious luxury tourism development, and it a diverse collection of museums, a bustling retail heart and
will offer an exclusive experience unparalleled diversity for over 100 places to dine. The project includes a series of
discerning global travellers. The vision behind this unique and outdoor plazas as well as a 3km escarpment walk offering
game-changing development is to deliver unforgettable, views across the historic Wadi Hanifah.

Red Sea PRoject
Kingdom of Saudi arabia, developer, PIF