Saudi’s Dar Al Arkan and Katara Hospitality Join Hands to Develop Sea-Front Project in Qatar comprising residential units with direct, front line sea views coupled with modern amenities. The project will also offer residents access to specialised retail outlets on the ground floor. Work on the development will start in Q2 2022 and total sales are expected to reach over QR1bn. Sheikh Nasser Bin Abdulrahman Al-Thani, Managing Director, Qetaifan Projects, said: “Qetaifan Island North is being developed to become an attractive and sought-after destination with its many residential, entertainment, retail and recreational offerings that will put Qatar on the regional and global tourism map.”
Dar Al Arkan, the Saudi Arabian real estate company, and Qetaifan Projects, the Qatari real estate company owned by Katara Hospitality, have signed an agreement to develop a project
on Qetaifan Island North. The project marks Dar Al Arkan’s first entry into Qatar. Through the partnership, Dar Al Arkan will develop a luxury project on Qetaifan Island North
Qetaifan Island North is emerging as a thriving waterfront hub representing a new, modern lifestyle. The island will feature a waterpark, luxurious hotels and accommodation, retail options and other modern facilities. Source: Gulf Business (https://bit.ly/3pAMy9i)
Saudi Arabia to Launch Enormous Oil Themed ‘Extreme Park’ attraction is being devised in line with the longterm Saudi Vision 2030’s strategy, which aims to reposition Saudi Arabia as a top international tourism destination and diversify its economy. While millions of religious visitors make the pilgrimage to the Saudi holy city of Mecca every year, the country’s conservative laws restricting women’s freedoms, along with it troubling human rights history have made it a less than favorable destination for many international visitors. But the country is determined to reposition itself as an alluring global hotspot that can compete with the likes of nearby Dubai, Abu Dhabi and Oman. It aims to attract 100 million tourists each year by the close of the decade. Saudi Arabia may be trying to reduce its dependency on oil, but that hasn’t stopped the Arabic kingdom from using its petroleum industry as inspiration for a brand new tourist attraction. The Middle Eastern country has announced plans to convert an oil rig into a 150,000 square meter “extreme park” and resort located in the Arabian Gulf. Funded by Saudi Arabia’s Public Investment Fund (PIF), The Rig will be comprised of three hotels and 11 restaurants spread over a number of connected platforms, as well as roller coaster rides and adrenaline-rush activities like bungee jumping and skydiving.
Renderings of the upcoming attraction, which aims to “provide a multitude of hospitality offerings, adventures, and aquatic sporting experiences,” along with a promotional video, were released earlier this month. “This project is a unique tourism attraction, expected to attract tourists from around the world,” said a statement from the PIF. It said it was expected to be particularly popular with visitors from the Arabian Gulf region. A completion date for the venture has not been stipulated. Described as the “world’s first tourism destination inspired by offshore oil platforms,” the upcoming
Earlier this year, plans for a second national airline -- the kingdom’s current flag carrier is Saudia, formerly known as Saudi Arabian Airlines -- and to invest $147 billion into transport and logistics over nine years were confirmed by Saudi Arabia’s Crown Prince Mohammed bin Salman. News of The Rig project comes just months after plans for Six Flags Qiddiya were announced. The site is being constructed as part of a new city situated outside capital city Riyadh and will be home to the world’s fastest roller coaster when it launches in 2023. Source: CNN (https://cnn. it/3bavCy3)
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