Saudi Crown Prince Launches ‘The Journey Through Time’ Masterplan for AlUla

“The Journey Through Time” represents a key milestone in the transformation of AlUla into a global destination for heritage. (SPA)
“The Journey Through Time” represents a key milestone in the transformation of AlUla into a global destination for heritage. (SPA)
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Saudi Crown Prince Launches ‘The Journey Through Time’ Masterplan for AlUla

“The Journey Through Time” represents a key milestone in the transformation of AlUla into a global destination for heritage. (SPA)
“The Journey Through Time” represents a key milestone in the transformation of AlUla into a global destination for heritage. (SPA)

Saudi Crown Prince Mohammed bin Salman, Chairman of the Royal Commission for AlUla, launched on Wednesday a visionary masterplan that sets to responsibly and sustainably develop the core historical area of AlUla, a unique cultural landscape located in northwestern Arabia.

“The Journey Through Time” represents a key milestone in the transformation of AlUla into a global destination for heritage, culture and nature, and contributes to the advancement of Saudi Arabia’s Vision 2030.

Under the leadership of the Crown Prince and the guidance of Prince Badr, the Saudi Minister of Culture, and the Governor of the Royal Commission for AlUla (RCU), the plan will be implemented in three phases until 2035, with the first phase set to be completed by 2023.

The masterplan represents the first phase of a wider development strategy for AlUla, which is being overseen by the RCU. Upon completion in 2035, the Commission aims to create 38,000 new jobs amid a population grown to 130,000, with AlUla contributing SAR 120 billion to the Kingdom’s GDP.

The masterplan draws on the deep-rooted essence of what AlUla already is – an oasis of unique culture, heritage, nature, and community – promoting the inclusion of the local community in AlUla’s development process to inform the future and open new chapters in AlUla’s unfolding history.

As part of the masterplan, five districts spanning the 20km heart of AlUla will serve as waypoints on the “Journey Through Time”, representing a Living Museum.

The five key districts envisioned in the masterplan include the AlUla Old Town, Dadan, Jabal Ikmah, Nabataean Horizon and Hegra Historical City.

Each of these districts is a cultural landmark in its own right and reflective of the topography and nature that is unique to each location. The highly differentiated experiences and cultural assets are designed to be visitor-centric, rewarding more immersive discovery of the region’s rich culture and history.

Fifteen new cultural assets including museums, galleries and cultural centers are planned as part of the masterplan, serving as landmarks across each district. Besides, 5,000 room keys will also be added, with each district offering its tailored blend of living and hospitality options, ranging from hotels and eco-tourism resorts to exclusive lodges and canyon farms carved into the sandstone rocks.

The Kingdoms Institute, one of the plan’s flagship components, will be a global hub for archaeological knowledge and research dedicated to the cultures and civilizations that have inhabited this area for more than 7,000 years. This includes the ancient kingdoms of Dadan and Lihyan and the magnificent Nabataeans, who built the city of Hegra, a UNESCO World Heritage Site.

The masterplan offers several sustainable mobility solutions to help visitors traverse each of the districts, to minimize road congestion and noise levels. A scenic roadway as well as bicycle, equestrian, and pedestrian trails will promote a smooth and experiential approach to mobility, championing low-carbon journeys.

Reflecting AlUla’s standing as a historic crossroads and the cultural center of northwestern Arabia, the historical tramway will ensure that visitors enjoy a memorable and historically stimulating experience, connecting from AlUla’s International Airport to the five districts.

The masterplan also serves as an investment in AlUla’s citizens and their future, emphasizing RCU’s commitment to community inclusivity. Fully embedded within the plan, new community-driven services, amenities as well as cultural and educational facilities will together promote the development of the local tourism, cultural and agricultural economies for AlUla, helping to nurture a thriving and vibrant society in a great place to live, work and explore. Also, the masterplan will contribute to the revitalization and rehabilitation of the cultural oasis, and the sustainable development of its agricultural community, as a commitment to developing the agricultural sector in AlUla.

Reinforcing Saudi Arabia’s renewed commitment to the preservation and protection of world heritage, knowledge and research, the masterplan is backed by extensive scientific studies on AlUla’s human patterns, environmental and geological evolution, led by a team of international and Saudi experts over three years. It seeks to achieve the concept of coexistence with nature and to celebrate the cultural and historical heritage of AlUla.

As a direct result, the revitalization of AlUla's cultural oasis and the sustainable development of its community is an integral part of the plan, in response to the challenges of sustainably and responsibly developing in a fragile desert environment. At the heart of this are several robust resiliency policies, including circularity commitments, as well as flood and improved water management and sustainable agricultural production.

Together, the two flagship projects of the masterplan – the Kingdoms Institute and the Cultural Oasis – reflect Saudi Arabia’s commitment to offering the world a viable model for protecting, preserving and contributing to the world’s cultural and natural legacy.

Solid policies have been adopted regarding development in heritage and environmentally sensitive areas, development of AlUla community, sustainable agricultural production, improvement of water management, in addition to promoting the principles of circular economy in the masterplan.

Contributing to the Saudi Green Initiative, the regeneration of AlUla is underpinned by a strategy to rehabilitate the land and reverse the course of desertification in the area. Enabling a major expansion of AlUla’s green and open spaces up to 10 million square meters, 80 percent of AlUla province is also being designated as nature reserves with key flora and fauna reintroduced, as well as the conservation of wild animals.

This will be achieved through income generated by welcoming two million visitors annually, offering over 9,000 hotel keys in total across the six areas, and further promoting agriculture, arts and culture, and tourism as key economic drivers for AlUla. Unique opportunities brought on by the development of the masterplan will further encourage and accelerate business and investment from partners who share RCU’s values of sustainability, responsible development and community inclusivity.



Saudi Aramco Reportedly Sells Oil from Jafurah Field as Huge Project Starts

Saudi Aramco's Jafurah project. Photo: Aramco
Saudi Aramco's Jafurah project. Photo: Aramco
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Saudi Aramco Reportedly Sells Oil from Jafurah Field as Huge Project Starts

Saudi Aramco's Jafurah project. Photo: Aramco
Saudi Aramco's Jafurah project. Photo: Aramco

Saudi Aramco sold oil from its $100 billion Jafurah project in the first reported export from the massive natural gas development, Bloomberg reported.

Jafurah is Aramco’s first unconventional field, developed using the type of hydraulic fracturing, or fracking, techniques pioneered in the US shale patch.

The deposit, which Chief Executive Officer Amin Nasser calls the company’s crown jewel, will produce massive amounts of natural gas once at capacity, expected in 2030. It also has plentiful volume of liquid fuels that will boost the company’s returns, Nasser has said.

The oil that Aramco sold is condensate, a light oil liquid that’s often found in gas deposits, according to traders with knowledge of the purchases. It will go to buyers in Asia for loading later this month or in early March, Bloomberg quoted the traders as saying.


Industry Ministry: Saudi Arabia Saw 220% Surge in Mining Licenses in 2025

The surge highlights the appeal of the mining investment environment in the Kingdom. SPA
The surge highlights the appeal of the mining investment environment in the Kingdom. SPA
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Industry Ministry: Saudi Arabia Saw 220% Surge in Mining Licenses in 2025

The surge highlights the appeal of the mining investment environment in the Kingdom. SPA
The surge highlights the appeal of the mining investment environment in the Kingdom. SPA

The Saudi Ministry of Industry and Mineral Resources has announced record growth in the number of new mining exploitation licenses issued in 2025, showing a remarkable increase of 220% compared to 2024.

The surge highlights the appeal of the mining investment environment and the ministry's ongoing efforts to promote the exploration and utilization of the Kingdom's mineral resources, which are valued at over SAR9.4 trillion.

Jarrah Al-Jarrah, the ministry’s spokesperson, revealed that total investment in these new licensing projects has exceeded SAR44 billion, focused on the extraction of high-quality mineral ores, including gold and phosphate.

Al-Jarrah emphasized that the ministry is dedicated to facilitating mining investments and streamlining the process for both local and international investors, thereby supporting sector development and maximizing returns.

This effort aligns with the objectives of Saudi Vision 2030, which aims to position mining as the third pillar of national industry and a key contributor to economic diversification.

The Saudi mining sector made significant progress in the 2024 annual survey of mining companies conducted by the Fraser Institute of Canada.

The Kingdom improved its position in the Mining Investment Attractiveness Index, moving up from 114th place in 2013 to 23rd place globally. This achievement underscores the effectiveness of regulatory and legislative reforms within the sector.


UK Economy Barely Grew in Q4 as Budget Uncertainty Weighed

The financial district of the City of London (Reuters)
The financial district of the City of London (Reuters)
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UK Economy Barely Grew in Q4 as Budget Uncertainty Weighed

The financial district of the City of London (Reuters)
The financial district of the City of London (Reuters)

Britain's economy barely grew in the final quarter of 2025 as activity fared worse than initially estimated during the run-up to finance minister Rachel Reeves' budget, official figures showed on Thursday.

Gross domestic product grew by 0.1% in the October-to-December period, the same slow pace as in the third quarter, the Office for National Statistics said.

Economists polled by Reuters, as well as the Bank of England, had forecast 0.2% fourth-quarter growth compared with the ‌previous three months.

The ‌period was marked by rampant speculation about tax increases ‌ahead ⁠of Reeves' budget ⁠on November 26. The ONS revised down monthly GDP data for the three months to November to show a 0.1% contraction rather than 0.1% growth.

Some more recent data have suggested that uncertainty has lifted for consumers and businesses.

"Looking at various surveys, there were some tentative signs that sentiment turned a corner and started to improve after the budget last year, which could help deliver a pick-up in activity this ⁠year," Luke Bartholomew, deputy chief economist at Aberdeen, said.

"However, recent ‌political uncertainty may see that sentiment bounce reverse."

Prime ‌Minister Keir Starmer has had to fight to keep his grip on Downing Street this ‌week due to fallout from the Jeffrey Epstein scandal.

Thursday's figures underscored why ‌investors think that the Bank of England is more likely than not to cut interest rates again in March.

The monthly GDP data showed a sharp downward revision to growth.

The data suggested hesitancy on the part of businesses during the fourth quarter as their investment fell ‌by almost 3% - the biggest quarter-on-quarter drop since early 2021, driven largely by volatile transport investment.

Economist Thomas Pugh at ⁠tax and consultancy ⁠firm RSM said the overall weakness in business investment suggested budget uncertainty held back investment and spending.

Manufacturing was the biggest driver of the increase in output, despite the fact that car output was still recovering from September's cyber attack on Jaguar Land Rover, while the dominant services sector was flat. Construction output contracted by 2.1%.

In 2025 as a whole, Britain's economy grew by an annual average 1.3%, the Office for National Statistics said, compared with 0.9% in France, 0.7% in Italy and 0.4% in Germany.

British economic growth per head contracted by 0.1% for a second quarter, although it rose by 1.0% for 2025 as a whole.

In December alone, the economy grew by 0.1%, the ONS said, as expected in the Reuters poll. That left the size of the economy back at its level of June 2025.