Prince of Aseer at the Future of Real Estate Forum: The region's investment portfolio is estimated at 30 billion riyals

Revealed the launch of new projects, the resolution of 70 investor issues and the expansion of hotel infrastructure in preparation for the 2034 FIFA World Cup.

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<Prince Turki bin Talal bin Abdulaziz Al Saud stressed that the region continues to continuously update its strategy to make it a year-round tourist destination, noting that Asir enjoys many elements that make it a distinctive tourist attraction. In a panel discussion at the Future of Real Estate Forum held in Riyadh on Monday, Prince Turki explained that the investment portfolio of the Asir region is estimated at about 30 billion riyals, noting that the region has the largest real estate portfolio in the Kingdom in terms of land value and area.

Prince Turki stressed that the region continues to continuously update its strategy with the aim of making it a tourist destination all year round. <Prince Turki emphasized that 70 issues facing investors in the region have been resolved, while a new strategy is being prepared, in addition to the launch of four large projects, with four more to be launched in the coming period.

The Prince of Aseer spoke about the expansion of the hotel infrastructure in the region, noting that the number of multiple licensed rooms in the Aseer region ranges between 6 and 8 thousand rooms, while the number reaches 18 thousand rooms in the Greater Abha region, as part of the Kingdom's preparations to host the 2034 FIFA World Cup.

As part of the Kingdom's preparations to host the 2034 FIFA World Cup. <Regarding the region's major projects, Prince Turki said that the Wadi project, implemented by Ard Darah, is expected to open its first phase by 2028, with all phases to be completed by the end of 2030. He explained that the Public Investment Fund has informed them that the expropriation file in this project is handled in the best way, as it relies on governance in the implementation of the project.

Talking about the Soudah project, Prince Turki bin Talal pointed out that the project will witness the construction of only 6% of the land area, while the rest of the area will remain natural, reflecting the region's keenness to preserve the environment and the natural character of the site.