Soudah Development Company
Company based in Saudi Arabia
From Wikipedia, the free encyclopedia
Soudah Development Company (SDC; Arabic: 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.[3] The company is responsible for the development of the luxury mountain tourism destination of Soudah Peaks.[4]
| |
Native name | السودة للتطوير |
|---|---|
| Company type | Privately held company |
| Industry | Real Estate Developer |
| Founded | 24 February 2021[1] |
| Founder | Mohammed bin Salman |
| Headquarters | , |
Key people |
|
| Owner | Public Investment Fund |
| Subsidiaries | Soudah Peaks |
| Website | soudah |
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.[5]
Projects
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.[6]
