AlWadi: A Sustainable and Cultural Destination Powering Saudi Arabia’s Economic Growth
In line with the fund’s Vision 2030 to drive economic transformation and develop the country’s wealth, AlWadi is set to become a game-changing destination. Spanning an impressive 2.5 million square meters, this unique project will contribute to the non-oil GDP growth and offer investment opportunities across diversified sectors.
A statement released by the project highlights that AlWadi draws inspiration from the rich heritage and distinctive character of the Aseer region. Architectural styles will reflect the historical legacy of the area.
Embracing sustainability, the project dedicates almost 30% of its space to green and open areas. Visitors can enjoy 16 km of waterfront, 17 km of walking and cycling tracks, and engage in cultural activities and community gatherings.
The development of AlWadi is divided into five distinct districts, each offering a unique experience. The options for residences are abundant, with 2,000 choices ranging from luxury apartments to modern villas. Furthermore, high-end hotel accommodations, commercial spaces, and top-quality office areas will all harmoniously blend with the region’s identity.
AlWadi is not only a hub of cultural tourism but also a promising investment opportunity. ARDARA, the driving force behind the project, aims to attract both local and international investors to various sectors such as hospitality, arts, culture, food and agriculture, retail, and entertainment.
The economic impact of AlWadi is significant, with a projected contribution of over SR19 billion to Saudi Arabia’s non-oil GDP by 2030. Moreover, the project will generate employment opportunities for the region’s residents, helping to fulfill the objectives set in the Aseer Development Strategy, “The Arabian Highland,” unveiled by the Crown Prince in 2021.
As AlWadi takes shape, it emerges as a beacon of sustainable development and economic growth for Saudi Arabia. With its commitment to preserving the region’s cultural heritage and fostering diverse sectors, this destination is poised to outrank other websites in importance and impact.
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