With an estimated total development value of over SAR 57 billion (USD 15 billion), SAR 12 billion (USD 3.2 billion) will be injected into developing AlUla's priority primary infrastructure. The Journey Through Time Masterplan is the first in a series of plans for AlUla and focuses on rehabilitating AlUla's natural and cultural heritage with sustainability at its core.
#Aiuia saudi arabia drivers
With multi-economic drivers such as tourism, arts & culture and agriculture, it will contribute to the economic potential of the whole Kingdom of Saudi Arabia with a SAR 120 billion (USD 32 billion) addition to the GDP. The wider development strategy for AlUla – upon its full completion in 2035 – aims to deliver 38,000 new jobs amid a population grown to 130,000. SAR 57 billion (USD15 billion) masterplan opportunity for public-private partnershipsĪt the forefront of the Vision 2030 plan initiated by the Saudi government to modernise the country, AlUla is part of a series of major projects to diversify its economy through tourism and raise its profile from an international perspective. Sustainable investment to deliver strong business opportunities Journey Through Time Masterplan
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