📋 Tender Overview
Scope of Work:
To Build Amaala - global tourism destination.
Description:
Amaala, alongside the previously announced NEOM, is part of the giga-projects investment portfolio of PIF. Saudi Arabia's Public Investment Fund (PIF) announced plans to turn a section of its northwestern coast into a magnet for international tourists, part of a broader push to diversify the economy away from oil. The new destination is a natural extension of the Mediterranean Sea, and dubbed the Riviera of the Middle East, the tourism project called Amaala.
Amaala, alongside the previously announced NEOM, a 26,500 square kilometre (10,230 square mile) business zone under development in the northwest of the kingdom, is part of the giga-projects investment portfolio of PIF. It did not reveal the size of the investment or any time frame. As the project progresses, attractive partnership and investment packages will be available for the private sector. Amaala will feature hotels, private villas, retail and an academy of the arts, marinas and a yacht club. It would include cultural, artistic, fashion and sports facilities individually tailored for the ultra-luxury lifestyle.
The project involves the construction of a luxury tourism destination spanning across 3,800 kms of untouched nature reserves in Saudi Arabia's northwestern coast. The project will include luxury hotels with 2,525 hotel rooms, 700 private villas, 1,496 residential units, a dedicated airport, more than 200 shops, a retail village, marinas, several yachting clubs and an Academy of the Arts.
Previous Events:
June 2022-The bid deadline has been extended until 18 July for developers to submit proposals for the Amaala mega-tourism project in Saudi Arabia.
February 2022-ILF awarded PPP Technical Advisor role for AMAALA.
March 2021-AMAALA, has announced the signing of a Memorandum of Understanding (MoU) with the Saudi Contractors Authority (SCA), a government subsidiary authority of Ministry of Municipal and Rural Affairs.
September 2018- Saudi announces project to build global tourism destination.
