DUBAI: Saudi Arabia’s recently announced $15 billion masterplan for the development of AlUla will mean the arrival of some of the world’s most-famous hotel groups in the governorate, as hospitality has been identified as a key investment area in the plan.
“The Journey Through Time Masterplan” the first in a series of plans for AlUla’s development, which the Royal Commission for AlUla (RCU) released on April 7 will include 5,000 hotel rooms, with 1,000 rooms ready for use by 2023 and an overall target of 9,400 rooms by 2035 as part of a wider development strategy for AlUla.
The masterplan covers the core heritage area of AlUla and is being implemented in three phases until 2035, with the first phase set to be completed by 2023.