AlUla Development Company, a wholly owned subsidiary of <a style="color: #993300;" href="https://www.pif.gov.sa/ar/pages/homepage.Public Investment Fund", its operational processes to support and develop <a style="color: #993300;" href="https://amlak.AlUla through real estate development and asset management with a long-term investment strategy, the company will create jobs, opportunities for local businesses and communities while preserving one of the largest and oldest cultural sites in the world.

The company's strategy is aligned with the world's largest and oldest cultural sites. The company's strategy is in line with the Public Investment Fund's efforts to develop and enable promising sectors in the Kingdom that contribute to a comprehensive economic impact that enhances GDP growth, private sector prosperity and quality of life, which strengthens the Kingdom's position regionally and internationally as a leading tourism and cultural destination in line with Saudi Vision 2030.

AlUla will contribute to the Kingdom's regional and international position as a leading tourism and cultural destination in line with the Kingdom's Vision 2030. AlUla Development Company will contribute to the transformation of the historic city into a global tourism destination and will support the development and operation of a world-class infrastructure portfolio of hospitality, residential, retail, commercial and industrial assets.

AlUla Development Company will support the development and operation of a global portfolio of hospitality, residential, retail, commercial and industrial assets. Planned projects include more than 7,500 hotel units, 5,000 residential units, a 1,000+ unit employee community, industrial units, supporting infrastructure, and more. AlUla Development will work with local and international experts in architecture, construction, design, and heritage preservation to sustainably transform AlUla, in line with PIF's strategy.

AlUla Development Company will contribute to the transformation of the historic city as a global tourism destination, and will support the development and operation of a world-class portfolio of hospitality, residential, retail, commercial, and industrial assets.