Saudi Arabia Opens Luxury Travel Destination Sindalah
Saudi Arabia’s NEOM has announced that Sindalah, a luxury island resort, is now open. This is an important step forward for the company.
Sindalah Unveiled
- The development plans for Sindalah were first announced by Crown Prince Mohammed bin Salman, who leads the NEOM project, in December 2022.
- Sindalah is an important part of NEOM, a big city project in Tabuk Province, Saudi Arabia, which started in 2017.
- Sindalah is located in the Red Sea, about five kilometers from the NEOM coastline in northwestern Saudi Arabia. It covers an area of 840,000 square meters and will help yacht owners from Europe, Saudi Arabia, and other Gulf countries access the Red Sea. It is a 17-hour boat ride from major Mediterranean destinations.
- The creation of Sindalah took two years and involved 30,000 workers. The project included four local contracting partners and around 60 subcontractors.
- The island was designed by the well-known yacht architecture firm Luca Dini and will feature high-quality restaurants, hotels, and event spaces, offering luxury experiences to visitors.
- Sindalah will have 36 retail stores, along with 440 hotel rooms, 88 villas, and 218 luxury serviced apartments for guests.
- The opening of Sindalah supports Saudi Arabia’s efforts to boost tourism as part of its Vision 2030 plan.
Important Quote
“NEOM is excited to help the Kingdom start a new era of luxury tourism with the opening of Sindalah,” said NEOM CEO Nadhmi Al-Nasr.
“Sindalah will give visitors a sneak peek of what our future destinations will look like.”
Key Numbers
By 2028, Sindalah is expected to attract 2,400 visitors each day and create 3,500 jobs. This will help improve Saudi Arabia’s hospitality and tourism industries and support Vision 2030’s plan to diversify the economy.
NEOM Megacity Project
The first part of the NEOM megacity project is expected to be finished by 2030. It aims to accommodate about 1.5 million people and will cost around $39.4 billion (SAR 1.2 trillion). Overall, the NEOM project is planned to host 10 million people, according to Crown Prince Mohammed bin Salman in July 2022.
In April 2024, Saudi Arabia’s NEOM secured a new loan of $2.7 billion (SAR 10 billion) to help with its short-term funding needs.
That same month, reports indicated that the megacity plans to raise up to $1.3 billion (SAR 5 billion) through its first-ever bond offering in riyals. This is part of Saudi Arabia’s goal to diversify funding for the mega project.
Published: 28th October 2024
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