PIF Announces ‘Wadi Al Disah Development Project’ in Mohammed bin Salman Natural Reserve

PIF Announces ‘Wadi Al Disah Development Project’ in Mohammed bin Salman Natural Reserve
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PIF Announces ‘Wadi Al Disah Development Project’ in Mohammed bin Salman Natural Reserve

PIF Announces ‘Wadi Al Disah Development Project’ in Mohammed bin Salman Natural Reserve

The Saudi Public Investment Fund (PIF) announced on Tuesday the launch of the Wadi Al Disah Development Project, located within the Prince Mohammed bin Salman Natural Reserve.

The development will become a major sustainable tourism location, preserving the local environment and wildlife. The region features a moderate climate, distinctive mountainous terrain and flowing springs, which will help the project become one of the Kingdom’s most environmentally diverse tourist attractions.

The PIF will establish a company to develop the project in accordance with international best practices regarding environmental conservation and sustainable development. The new company will contribute to the creation of sustainable tourism and related job opportunities, supporting the Kingdom’s economic diversification and unlocking new assets in Saudi Arabia.

The announcement of the Wadi Al Disah Development Project follows the launch of the Amaala ultra-luxury tourism project in September, which will be the focal point of the tourism ecosystem within the Prince Mohammed bin Salman Natural Reserve. The geographical location, situated between NEOM, The Red Sea Development Project, Amaala and Al-Ula projects will ensure a diverse and unique tourism offering, providing a compelling investment opportunity for the private sector.

Wadi Al Disah is located in the northwest of the Prince Mohammed bin Salman Natural Reserve and southwest of Tabuk. The word "Al Disah" means a valley of palm trees, and Wadi Al Disah’s elevation is 400 meters above sea level with temperatures ranging from 12° C to 31°C. The Al Disah valley is characterized by mountain forms and tall rocky columns, providing a mountaineers paradise, as well as fresh water springs. The location includes several archaeological sites such as facades of Nabataean tombs, and the remains of walls containing Nabataean and Arabic writings in Kufic script.

The Wadi Al Disah Development Project will promote economic diversification and create investment opportunities for the private sector. The project aims to contribute to the development of the tourism sector in the Kingdom, preserve cultural and environmental heritage, and achieve sustainability in line with Vision 2030.

The Public Investment Fund seeks to become one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia.

To achieve this, the Fund is building a world-class, diversified portfolio through investments in attractive, long-term opportunities across sectors and asset classes at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for Saudi Arabia, in line with Vision 2030.



Saudi Arabia, Russia Seek to Deepen Economic and Industrial Ties

The Saudi and Russian ministers discuss means to promote mutual cooperation. (Saudi Ministry of Industry)
The Saudi and Russian ministers discuss means to promote mutual cooperation. (Saudi Ministry of Industry)
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Saudi Arabia, Russia Seek to Deepen Economic and Industrial Ties

The Saudi and Russian ministers discuss means to promote mutual cooperation. (Saudi Ministry of Industry)
The Saudi and Russian ministers discuss means to promote mutual cooperation. (Saudi Ministry of Industry)

Saudi Arabia and Russia have stepped up efforts to strengthen their economic and industrial partnerships, as Minister of Industry and Mineral Resources Bandar Al-Khorayef led a high-level Saudi delegation to the INNOPROM 2025 International Industrial Exhibition in Yekaterinburg, Russia.

Opening the Saudi pavilion - where the Kingdom is participating as the exhibition’s partner country - Al-Khorayef underscored more than a century of strategic relations and robust economic ties that, he said, form the basis for expanding trade, investment, and cooperation in key sectors including mining, manufacturing, and technology.

The Saudi delegation includes officials from 18 government entities and 20 leading companies spanning industrial services, automation, machinery, metals, energy, and advanced manufacturing.

The pavilion is showcasing the Kingdom’s competitive advantages as an investment hub, along with opportunities identified in Saudi Arabia’s National Industrial Strategy.

Promotional events highlighted financial incentives, including funding solutions from the Saudi Industrial Development Fund and the Saudi EXIM Bank, as well as Saudi Arabia’s rapidly developing infrastructure, industrial cities, special economic zones, and specialized complexes aimed at supporting investors.

During the exhibition, Al-Khorayef and Russian Minister of Industry and Trade Anton Alikhanov met to discuss ways to deepen cooperation. Both ministers stressed the importance of enabling the private sector to seize emerging investment opportunities, and pledged to support joint initiatives that drive industrial development in both countries.

The Saudi minister noted Riyadh’s strong interest in Russian expertise across priority sectors such as heavy equipment, agricultural machinery, chemicals, automotive, and advanced manufacturing technologies. Talks also focused on forging investment partnerships that facilitate knowledge transfer, industrial innovation, and technology localization.

The two sides reaffirmed their commitment to boosting non-oil exports and simplifying market access, aiming to diversify their economies and enhance trade flows.

Saudi Arabia’s participation in the exhibition, officials said, reflects its strategy to build international partnerships that reinforce its standing as a trusted global economic partner.

Recent years have seen steady growth in Saudi-Russian economic ties. Non-oil trade rose from $491 million in 2016 to $3.28 billion in 2024, driven by expanding cooperation in mining, petrochemicals, and advanced industries.

The Kingdom hopes to attract high-value Russian investments, strengthen industrial supply chains, and further develop local capabilities as part of its push for economic diversification and sustainable growth.