MbS launches company to develop Saudi mountain resort ...Kuwait

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MbS launches company to develop Saudi mountain resort
Souda Development Company will invest $3 billion into a tourism project which includes 2,700 hotel rooms, 1,300 residential units, 30 attractions. Saudi Arabia's Crown Prince Mohammed Bin Salman has launched a company to develop a "luxury" mountain resort in the kingdom's southwestern Asir province. Soudah Development Company (SDC) is fully owned by Riyadh's sovereign wealth fund, chaired by the 35-year-old prince.SDC will invest $3 billion into a project aimed at enhancing "the vistor experience in Soudah and parts of Rijal Alma'a Governorate in the Asir region", according to a press release sent to The New Arab.It features plans to build 2,700 hotel rooms, 1,300 residential units, and 30

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