Search SaudiArabiaPR.com

Home >> Banking & Investments

Amaala Announces Incorporation

Amaala Announces Incorporation

Monday, December 9, 2019/ Editor -  

Share

Home >> Banking & Investments
Ultra-high-end Public Investment Fund (PIF) hotel and residential project, AMAALA, is set to become an exclusive, sustainable destination for well-heeled adventurers through transformational wellness, arts and the purity of the Red Sea.
 
                        
 
RIYADH – 9 DECEMBER 2019:    AMAALA, a visionary giga-project by the Public Investment Fund (PIF) underway in northwest Saudi Arabia, has been incorporated as a standalone company. A jewel in the crown for the Middle East Riviera alongside a hidden, untouched and thriving stretch of the Red Sea coastline, AMAALA will set new standards in sustainable development while placing the Kingdom on the global hospitality map, offering a vibrant and progressive destination for wellness, the arts, recreation and celebration of the region’s rich cultural heritage.
 
Located within the Prince Mohammed bin Salman Natural Reserve, the 3,800-square kilometre (1,460-square mile) giga-project will form the heart of the Riviera of the Middle East. AMAALA will blend wellness with creative and social offerings to take guests on journey of holistic self-transformation.
 
The development is slated to include the world’s top hotel brands and more than 800 residential villas, apartments and estate homes, alongside 200 high-end fashion and retail establishments, a contemporary arts museum and wide variety of galleries, ateliers and artisan workshops, as well as signature dining and world-class marinas and sporting venues.

Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Panasonic Jaguar Racing Head to Berlin for a Lockdown Showdown

DREI Organises Virtual Real Estate Conference With Saudi Partners

MOT Completes 491-km-road Maintenance Work Leading to Makkah in Preparation for ...

Two Emiratis claim GUINNESS WORLD RECORDS titles in July

Saudi Arabia's Amlak International Achieves 129% Net Income Growth in H1 2020

Siemens Compressors Selected for Gas Reservoir Storage Project with Saudi Aramco

Parmigiani Fleurier to participate at first Watches & Wonders -Shanghai'

HONOR Launches Special Offers for Eid Al Adha in KSA

Next Chapter of Medina's Growth Story Mapped Out in New Report

Instinctif Partners and Advert One Complete IPO Advisory Role for Amlak Internat ...

VIP Drivers Announced for the Jaguar I-pace Etrophy ‚ÄėLockdown Showdown' in Berli ...

Make Up for Ever Introduce Two New High Performance Products Within the Aqua Res ...

Eid Gift Ideas by The Body Shop UAE

Mouawad Reveals the Journey of the Extraordinary Botswana Diamond

Spanish Contingent Grows at Golf Saudi as Pablo Larrazabal is Confirmed as Lates ...

Achieve Lasting Radiance with a Skincare Diet

KSA Residential Sector is Expected to See a Shift towards Rental says JLL

Saudi Arabia's General Authority for Military Industries announces a fully integ ...

Huawei Announces 2020 H1 Business Results

Pandora Joins Forces with UNICEF to Raise Over $1M in Aid of New One Love Initia ...