Saudi Arabia builds world’s first...

Located in the Arabian Gulf, The Rig spans more than 150,000 square metres and will host hotels, helipads and extreme sports

Saudi Arabia’s Public Investment Fund (PIF) announced today the launch of The Rig, a new tourism project inspired by offshore oil platforms.

Designed to attract tourists from around the world, The Rig will be home to several hospitality offerings, including three hotels, multiple restaurants, and adventure sports facilities at sea.

See video footage of the resort here:

One of the largest sovereign wealth funds in the world, PIF is developing The Rig as part of its 2021-2025 strategy to drive innovation in Saudi Arabia’s tourism and entertainment sectors.

To support Saudi Arabia’s efforts to become a leading global tourist destination, PIF has established several major projects and companies in various regions within KSA, including the Red Sea Development Company, Alsoudah Development Company and the Cruise Saudi Company.

Driving the economic transformation of Saudi Arabia, PIF acts as the Kingdom of Saudi Arabia’s primary investment arm, generating long-term value for the Kingdom of Saudi Arabia in line with Vision 2030.

For more information, visit www.pif.gov.sa