AlUla aims to draw 250,000 visitors in 2023, CEO says

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Updated 20 February 2022
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AlUla aims to draw 250,000 visitors in 2023, CEO says

  • Plans afoot to draw 50% of energy requirements for the city from sustainable sources

ALULA: The historical city of AlUla is being groomed to receive 250,000 tourists and visitors in 2023, according to the CEO of the Royal Commission For AlUla, or RCU.

Located in northwestern Saudi Arabia, AlUla has been designated by the UNESCO World Heritage site.

During an exclusive interview with Arab News, Amr AlMadani said the commission has already tested the potential of AlUla with the launch of the Winter at Tantoura Festival.




Amr AlMadani

Following its success, the CEO said AlUla will be open for tourists the whole year long and that will help boost the number of tourists.

Developed by RCU, AlUla managed to expand its airport in several phases, which enabled it to receive up to 400,000 visitors annually.

“The airport now can very well serve our needs for the next 10 years,” AlMadani explained. 

HIGHLIGHTS

• Developed by RCU, AlUla managed to expand its airport in several phases, which enabled it to receive up to 400,000 visitors annually.

• RCU launched a scholarship program supporting 600 -700 students to reach up to 1,000 students at its last phase.

• The commission is developing two sustainable power stations.

Another upgrade of the airport will begin later, as the RCU has an ultimate 2035 target of 2 million visitors.

But the CEO said they need to see evidence of growth before committing further investments in the airport.

RCU aims to place AlUla as a viable destination for businesses by reducing their operating cost, and introducing quality of life outside the busy lifestyle of the cities.

Inspired by Saudi Crown Prince Mohammed bin Salman’s vision to keep the development of people ahead of the development of assets, RCU launched a scholarship program supporting 600-700 students to reach up to 1,000 students in its last phase.

“We started first by the most essential sectors that we need (including) tourism, hospitality, archeology, and agriculture,” he said.

RCU sees sustainability as a major element in the development plan for AlUla driven by the Saudi green initiatives launched in October 2021.

The RCU chief said the commission hoped to draw 50 percent of the energy required for AlUla from sustainable sources by 2035.

To achieve the target, RCU is developing two sustainable power stations, bids for which will be invited in about 18 months from now. One station will be located in the north of AlUla and the other in the south.


Closing Bell: Saudi main index closes in green at 11,134 

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Closing Bell: Saudi main index closes in green at 11,134 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 185.3 points, or 1.69 percent, to close at 11,133.58. 

The total trading turnover of the benchmark index was SR6.84 billion ($1.82 billion), as 205 of the listed stocks advanced, while 53 retreated. 

The MSCI Tadawul Index increased, up 25.93 points, or 1.76 percent, to close at 1,496.09. 

The Kingdom’s parallel market Nomu gained 145.25 points, or 0.62 percent, to close at 23,513.27. This comes as 35 of the listed stocks advanced, while 33 retreated. 

The best-performing stock was Middle East Healthcare Co., with its share price surging 10 percent to SR36.30. 

Other top performers included Bupa Arabia for Cooperative Insurance Co., which saw its share price rise by 7.89 percent to SR155.90, and Derayah Financial Co., which saw a 7.07 percent increase to SR26.66. 

On the downside, Advanced Building Industries Co. recorded the biggest decline of the day, with its shares falling 4.45 percent to SR40.38. 

Aldrees Petroleum and Transport Services Co. fell 4.4 percent to SR121.80, while CHUBB Arabia Cooperative Insurance Co. declined 3.77 percent to SR24. 

On the announcement front, Saudi Arabian Mining Co. said it has commenced its offering of US dollar-denominated trust certificates, commonly known as sukuk. 

The issuance, which runs from Jan. 22 to Jan. 29, is targeted at eligible investors in the Kingdom and internationally. 

While the final size, pricing, maturity, and returns of the offering will be determined based on market conditions, the minimum subscription has been set at $200,000.  

According to a Tadawul statement, Maaden has appointed a syndicate of 14 joint lead managers, including Albilad Investment, Citigroup, and Goldman Sachs, as well as HSBC, J.P. Morgan, and SNB Capital, to manage the issuance.  

Maaden’s share price closed at SR72.45 on the main market, marking a 1.43 percent decrease.