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Saudi Arabia s Soudah Development Announces Birth of 3 Ibexes in Soudah Peaks Project Area

The Soudah Development Company, a subsidiary of the Public Investment Fund, announced the birth of three ibexes in the "Red Rock" area within King Abdullah National Park in Soudah. These new arrivals follow the release of 23 ibexes into the natural areas last year in collaboration with the National Center for Wildlife (NCW) as part of the company's initiative to release endangered animals and the center's program to breed and re-localize wildlife species, reported the Saudi Press Agency on Sunday.

MEED | Parsons wins Soudah Peaks project management

MEED | Saudi Arabia expected to tender Soudah Peaks in Q3

Saudi s PIF launches company to create mountain destination

Saudi's Public Investment Fund (PIF) has launched the Soudah Development Company to create a $3bn mountain destination in the Asir Region.

Saudi Arabia Records Highest Half-Yearly Travel Surplus in Balance of Payments

Saudi Arabia achieved the highest semi-annual surplus ever for the travel item in the balance of payments during the first half of 2023, soaring 327 percent, reaching $10.6 billion, compared to the first half of 2022. The Ministry of Tourism announced that the Kingdom ranked second globally in the growth rate of tourist arrivals during the first seven months of 2023. The UNWTO Barometer, issued by the World Tourism Organization (WTO) last month, showed that the Kingdom recorded a growth rate of 58 percent compared to the same period in 2019.

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