Saudi Arabia's Public Investment Fund (PIF)-backed Oil Park Development Company (OPDC) has revealed the master plan details for The Rig offshore tourism project.
The Rig will be an oil rig-like structure installed in the Gulf with a total built-up area of more than 300,000 square metres, located 40 kilometres from the coastline, near Al-Juraid Island and the Berri oil field.
The project will provide a range of hospitality offerings, adventures and aquatic sporting experiences. They include three hotels with 800 rooms and 11 restaurants, a 50-berth marina, theme park and other associated amenities including swimming pools, water slides, rollercoasters, ferris wheels, submersibles, karting, bungee jumping, jet-skiing, zip-lining and scuba diving.
The Rig aligns with PIF’s 2021-25 strategy to drive innovation in Saudi Arabia’s tourism and entertainment sectors. The strategy aims to provide promising development opportunities to achieve economic diversification as part of the kingdom's Vision 2030 objectives.
The Rig is one of the more than $217bn of projects in Saudi Arabia's construction sector that are at the pre-execution phase, according to regional projects tracker MEED Projects.
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