Qiddiya: An Overview
Qiddiya will offer guests and visitors the most innovative and immersive experiences across five cornerstones - Sports and Wellness, Nature and Environment, Parks and Attractions, Motion and Mobility and Arts and Culture and five development nodes – Resort Core, Qiddiya Village, Motion Zone, Eco Zone and Golf Community. It will include “family-friendly theme parks, sports arenas suitable for international competitions, academies for sports and the arts, concert and entertainment venues, racetracks for motorsport enthusiasts as well as outdoor and adventure activities alongside nature and environment experiences”. Understandably, this thriving and vibrant community will also include a vast range of real estate options from luxury apartments to five-star hotels to VIP branded residences.
Empowering New Generations
Qiddiya will ultimately be a place that unlocks new opportunities, opens new professional pathways and fosters the youth of Saudi Arabia to pursue their dreams in a more prosperous and progressive society. The story of Qiddiya begins with a simple village that lay along one of the trade and pilgrimage routes that intersected the Arabian Peninsula. Today, this modern incantation of Qiddiya, announced in 2017, will draw heavily from its rich Saudi heritage whilst forging a new future in modern innovation for Riyadh and the surrounding communities. The Qiddiya Project will support several goals of the nation’s Vision 2030 including “driving economic diversification, job creation, fostering a start-up culture, driving youth and female empowerment and doubling household spending on domestic leisure and entertainment”.
Investment Opportunities
At the forefront of Qiddiya’s evolution is its numerous strategic investment opportunities. In line with Vision 2030, the project will significantly enhance Saudi Arabia’s positioning as a global tourist destination, which means that local, regional and international investors will be drawn to the possibilities for long-term growth and strong returns across a range of assets including hospitality units, residential accommodations, commercial outlets and more.
If you would like to find out more about Qiddiya and other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.