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Property studyData as of 2026-10-20

Soudah Peaks: a high-mountain wellness cluster in Aseer

Soudah Peaks in Aseer is a PIF and Soudah Development project: phase 1 of 940 keys targeted for 2027, a 1,120-key lot with a 130-key wellness hotel in Sabrah, and full completion by 2033. What follows is only what the study states: money, zones, the team, and where the editions disagree.

Project pipeline →

Phase 1

2027

Phase 1 keys

940

Investment

> $3.9bn

Wellness hotel

130

Site

627–637.5 km²

Peak

3,015 m

?Reliability badges

Reliability badges: no badge — confirmed; company data research estimate, not confirmed by filings sources disagree being verified

Part 1 of 6

What the project is, and where the figures disagree

The project and the owner

Soudah Peaks is a year-round high-mountain project in Aseer Province. Its wellness component is carried as Soudah Peaks Luxury Mountain Wellness (phase 1). It is not a standalone hospital; it is the wellness cluster inside the resort.

The developer is Soudah Development Company (SDC, شركة السودة للتطوير), a closed joint-stock company incorporated on 24 February 2021. The Public Investment Fund (PIF) holds 100 percent. In the PIF portfolio the company sits in real estate, infrastructure and giga-projects.

Phase 1 keys

940

Phase 1 target

2027

Full completion

2033

Wellness hotel

130

PIF lot, keys

1,120

Peak

3,015 m

Two bases of the wellness cluster

The wellness component has two documented bases. The first is master-plan zone Sabrah (zone 3) on the southern plateau, a secluded wellness and regeneration enclave. The second is the investment lot Luxury Wellness Resorts Development at Soudah Peaks: nine hotels and a glamping cluster totalling 1,120 keys, including one upper-upscale wellness hotel of 130 keys.

The lot requires an international operator for the 130-key wellness hotel and for the two ultra-luxury hotels totalling 120 keys.

Where the figures do not match

The same parameters do not match across editions of the project and across retellings. Both figures are shown. Where the project’s own documents disagree, neither figure is dropped.

Where the figures do not match

ParameterFigure in project documentsOther figureHow to read it
CapExlaunch: more than SAR 11 billion (about $3.0 billion), 2021–2023; later more than $3.9 billion (about SAR 14.6 billion) company data$7.7–7.8 billion sources disagreeThe larger dollar figure is the non-oil GDP contribution (SAR 29 billion / $7.73 billion), not CapEx.
GDP and jobsmore than SAR 29 billion ($7.73 billion) of cumulative non-oil GDP by 2030/2033 and 8,000 jobsSAR 120 billion ($32 billion) and 38,000 jobs by 2035 sources disagreeThe SAR 120 billion and 38,000-job pair refers to AlUla, not to Soudah Development.
Master plan25 September 2023September 2022 sources disagree2022 was infrastructure work (Khatib & Alami). The master plan was presented on 25 September 2023.
CEO SDCEng. Saleh bin Ibrahim Aloraini from February 2024Husameddin AlMadani being verifiedAlMadani led SDC at launch (2021–2023). From February 2024 contracts are signed by Aloraini.
Keys by 20332,700 (2023 release) and 2,810 (2025 detailed plan) being verifiedboth figures circulate without the distinctionAfter the master plan was detailed, capacity moved from 2,700 to 2,810 keys. The base plan has 18–20 hotels.
Sabrahearly brochure: 180 keys and 165 residences; current edition: 130 keys and 166 residences being verifiedboth pairs still appear side by sideThe zone’s hotel stock was reduced from 180 to 130 keys (one upper-upscale hotel).
Site area637.5 km²; editions also give 627, 630, 635 and 636.5 km² being verifiedrounded values across editionsThe project documents’ working range is 627–637.5 km².

Part 2 of 6

Money, phases and the wellness lot

The fund’s 2026–2030 strategy

In early 2026 the PIF board approved the 2026–2030 strategy. Assets under management are targeted at $2.67 trillion by 2030. At the end of 2025 they stood at SAR 3.396 trillion (over $900 billion).

The same strategy records other projects being retimed: a pause on the Mukaab in Riyadh in January 2026, New Murabba shifted to 2040, and NEOM and Trojena restructured. That is context for the fund’s strategy, not an assessment of Soudah Peaks.

Announced investment

The figure named at launch in February 2021 is more than SAR 11 billion (about $3.0 billion) for 2021–2023. The later figure for the whole project is more than $3.9 billion (about SAR 14.6 billion). The infrastructure budget is then given as about $1 billion (about SAR 3.75 billion). company data

The study estimates infrastructure at about 25.6–27.3% of the total budget. There is no separate reported line for that share. research estimate, not confirmed by filings

The same passage gives a calculated vertical-development cost of about $2.9 billion and $530,000–700,000 per notional key or home, including the commercial space. That is the study’s calculation, not a separate announced budget. Sale of 1,336–1,337 residences (mansions, villas, chalets) is named as a partial return of capital. research estimate, not confirmed by filings

Announced money

Launch, SAR

> SAR 11bn

2021–2023

company data

Later, USD

> $3.9bn

about SAR 14.6bn

company data

Infrastructure

~ $1bn

about SAR 3.75bn

company data

Grid contract

SAR 1.3bn

$347m

company data

Three phases

Phase 1 (target 2027) covers five of the six zones, excluding the Jareen agritourism zone: 940 hotel keys (34.8% of the base plan), 391 residences (29.3%) and 32,000 m² of retail (40.0%).

Phase 2 (2029) brings the cumulative stock to 1,735 keys (+795) and 641 residences (+250), and delivers 2,150 staff housing units.

Phase 3 (2033) adds Jareen and takes the resort to 2,700 keys in 18–20 hotels on the base plan, or 2,810 on the 2025 detailed plan, plus 1,336–1,337 residences, 3,022 staff homes and 80,000 m² of commercial space. being verified

Cumulative hotel keys

2027, phase 1
940
2029, cumulative
1,735
2033, base plan
2,700
2033, 2025 plan being verified
2,810

The shares 34.8%, 29.3% and 40.0% in the text are phase 1’s share of base-plan keys, residences and retail.

The 1,120-key lot

The lot offered to private developers and operators is 1,120 keys, 41.5% of the whole hotel stock. The category shares below are those in the lot specification.

Luxury Wellness Resorts lot

CategoryAssetsKeysAverage sizeShare of lotRole
Ultra-luxury2 hotels1206010.7%Boutique resorts
Luxury3 hotels45015040.2%Five-star mountain resorts with spas
Upper upscale wellness1 hotel13013011.6%Wellness hotel; Sabrah’s quota
Upscale1 hotel20020017.9%Active, sports and family stays (Tahlal / Sahab)
Midscale2 hotels1809016.1%Accessible premium
Glampingcluster40403.6%Pods; alongside Jareen (35) and Sahab (15)
Total9 hotels + glamping1,120—100%41.5% of the project’s hotel stock

Lot keys by category

Ultra-luxury
120
Luxury
450
Wellness, upper upscale
130
Upscale
200
Midscale
180
Glamping
40

Other rates and the summer climate

No rate for Soudah Peaks itself is stated. As context, other published 2025–2026 rates are given: Six Senses and Ritz-Carlton Reserve on the Red Sea at SAR 5,000–12,000 a night; AlUla resorts at SAR 4,000–8,000 a night. AlUla visitor spend is given as SAR 2,100 against a plan of SAR 1,400.

Other rates cited as context (not a Soudah Peaks rate)

ItemNightsPricePer dayIncludes
Six Senses and Ritz-Carlton Reserve, Red Sea, per night—5,000 SAR – 12,000 SAR—
AlUla resorts, per night—4,000 SAR – 8,000 SAR—

Occupancy and ADR for Soudah Peaks itself are not stated.

From May to September, at 3,015 m in Soudah, the average temperature is given as about 20 °C — the months when most of the country is hot and in low season. research estimate, not confirmed by filings

Part 3 of 6

The wellness product and the altitude

No inpatient hospital

The master plan contains no inpatient hospitals, surgical clinics, licensed invasive-medicine centres or hospital-type sanatoria. The profile described is non-invasive: preventive, climatic, sports-recovery and holistic wellness.

The text contrasts this with the coastal AMAALA project, where clinical resort clinics are named. That clinical scheme is not attributed to Soudah Peaks.

Four contours

Four infrastructure contours are described. They are not priced programmes on sale.

  • Eco-spas and wellness centres in the landscape: hydrotherapy, bathing rituals, physical regeneration.
  • Meditation centres, retreats, yoga pavilions and quiet zones.
  • Active longevity: walking trails, mountain biking, riding routes, an 18-hole golf course on the Tahlal plateau, and an outdoor gym in Red Rock.
  • Agri-wellness in Jareen: mountain coffee, strawberries, apiaries. That is a raw-material base, not an approved treatment menu.

Altitude of 3,015 m

Elevation across the site (637.5 km² in the document, with the edition range) runs from 802–820 m in the valleys near Rijal Almaa to 3,015–3,025 m at Jabal Soudah.

For 3,015 m the study gives calculated values: barometric pressure about 525 mmHg against 760 at sea level; the partial pressure of oxygen in inspired air about 30% lower; an effective oxygen fraction of about 14.8% against 20.9%. That is the study’s model, not a measurement on site. research estimate, not confirmed by filings

The band 2,200–3,015 m is described as a hypoxic setting. Inside the resort the study names a live-high, train-low pattern: sleep at 2,500–3,015 m and effort on terraces at 800–1,500 m. It is not recorded as an installed hotel protocol. research estimate, not confirmed by filings

Juniper and planting

The slopes are covered with Juniperus procera forest. 335,542 native trees have been planted; the target is more than 1 million by 2030. company data

A broncholytic, antibacterial and sedative effect of the juniper volatiles, and a link from the “flower men” tradition to future spa protocols, is the study’s reading, not an announced service. research estimate, not confirmed by filings

Planting and wildlife releases

Trees planted

335,542

company data

Target by 2030

> 1 million

Gazelles

10

Ibex

23

Part 4 of 6

Land, zones and construction

Built share and protection

The master plan is by AtkinsRéalis for SDC and PIF. The building footprint is capped at 1% of the site (under 6.3 km²). Developed area including roads, golf and open grounds is 3.6% (about 22.9 km²). Strict protection with the National Center for Wildlife covers 28% of SDC’s land bank (about 178 km²): 10 Arabian mountain gazelles and 23 endangered ibex have been released.

Share of the site

Building footprint, cap
< 1%%
Developed area
3.6%%
Strict protection
28%%

The areas in square kilometres are under 6.3, about 22.9 and about 178.

Building rules

The Soudah Guidelines, prepared by AtkinsRéalis with SDC, are set as a mandatory rule for the regional Aseer planning code. They require Asiri stone and earth architecture, local materials, buildings stepped into the slope, and the Al-Qatt Al-Asiri pattern (UNESCO intangible heritage) in interiors.

Six zones

Six master-plan zones

ZoneRoleHotelResidencesStaff housingGFAInfrastructure
TahlalGateway and town hub1,775 keys, 183,550 m²986 units, 231,156 m²2,881 units, 245,079 m²766,086 m²retail over 61,000 m², 18-hole golf, MICE
SahabHigh plateau above the clouds375 keys, 38,745 m²0057,212 m²commercial space, cable and adventure rides
SabrahWellness and spa, southern plateaubase 180 / now 130 keys; 17,980 m² in the base being verifiedbase 165 / now 166 units; 375,750 m² being verified0406,370 m²spa, yoga, meditation, mansions, villas, chalets
JareenAgritourism, phase 335 pods, 2,275 m²006,208 m²coffee, apiaries, food, trails
RijalRijal Almaa heritage80 keys, 7,520 m²035 units, 2,475 m²14,713 m²plaza, museum, visitor centre
Red RockEco-boutique on the escarpment255 keys (170 hotel + 85 glamping), 32,215 m²0040,382 m²outdoor gym, stables, bike and riding trails
Sum of six zones—2,700 (2025 plan: up to 2,810) being verified1,151 in the zone table being verified2,916 in the zone table being verified1,290,971 m²—

Area per key and “calculated population” are the study’s ratios from the zone table. Residences summed across zones (1,151) sit below the overall plan (1,336–1,337); staff units summed across zones (2,916) sit below the overall plan (3,022).

Hotel keys by zone (base table)

Tahlal
1,775
Sahab
375
Sabrah, base being verified
180
Jareen
35
Rijal
80
Red Rock
255

Zone GFA, m²

Tahlal
766,086 m²
Sahab
57,212 m²
Sabrah
406,370 m²
Jareen
6,208 m²
Rijal
14,713 m²
Red Rock
40,382 m²

Sabrah: residences and the spa

On the base count of 180 keys, Sabrah has 17,980 m² of hotel GFA. The 165–166 residences are given 375,750 m² — 92.5% of the zone’s 406,370 m². Average residence GFA in that ratio is about 2,277 m², against about 234 m² in Tahlal. Sabrah has no staff housing: 2,881 units sit in Tahlal. research estimate, not confirmed by filings

The zone is described as a closed enclave of very large estates with access to the spa, yoga pavilions and retreats. The current hotel quota is 130 keys.

Power, water and the guest journey

The infrastructure consultant since 2022 is Khatib & Alami (elevations 820–3,025 m).

In December 2025–January 2026 SDC signed with National Grid SA (a Saudi Electricity Company company) a contract of SAR 1.3 billion ($347 million): a 380/132 kV hub substation of 500 MVA and two 132/13.8 kV substations. The capacity is described as enough for the peak of all three phases through 2033. company data

Water: 15 reservoirs and pumping stations totalling 93,150 m³. The stated aims are water self-sufficiency, an energy surplus and zero waste. Those are aims, not a report that they have been met.

Abha airport: in December 2023, 222 flights a week, 34 of them international. The expansion plan is more than 13 million passengers a year by 2028 and links with more than 250 destinations. Highways toward Taif and Riyadh are named. A cable car with a span of about 900 m historically ran at the peak. In-cluster mobility is attributed to Parsons.

Team and packages, 2022–2026

Team and work packages

PackageScopeWhoDateVolume
Master plan637.5 km² and the Soudah GuidelinesAtkinsRéalisSeptember 20236 zones, phase 1 heritage
Infrastructuretransport, geotechnics, water, wasteKhatib & Alami2022networks and phase 1 packages
PMCsix zonesParsons20 February 2024management and site supervision
Detailed designphase 1 buildingsAECOMannounced 4 December 2024, start March 2025delivery toward 2027
Planning frameworkland beyond the first 6 zonesWSP11 November 2025framework outside the detailed zones
Power grid6 zonesNational Grid SADecember 2025 / January 2026SAR 1.3 billion; 500 MVA
General contractorphase 1tender on the marketJuly 2025consortium selection
WP5site-wide networkstenderDecember 2025roads and 15 reservoirs of 93,150 m³
WP4RijaltenderApril 202680 keys, plaza, museum, 35 staff units
WP1Tahlal town centretenderMay 2026centre, retail, lead hotels
WP3Tahlal homes, Sahab, Sabrah, Red RocktenderJune 2026the Sabrah wellness zone is in this package
WP2Tahlal ridgetenderAugust 2026hotels, golf, ridge residences

Dates already stated

  1. 2021-02

    SDC incorporated, 100% PIF.

  2. 2022

    Khatib & Alami appointed for infrastructure.

  3. 2023-09

    Master plan presented on 25 September.

  4. 2023-12

    Abha airport: 222 flights a week.

  5. 2024-02

    Parsons on 20 February. Aloraini is CEO.

  6. 2024-05

    Warner Bros. Discovery agreement, 29 May.

  7. 2024-12

    AECOM announced on 4 December.

  8. 2025-03

    AECOM design activated.

  9. 2025-07

    General-contractor tender.

  10. 2025-11

    WSP on 11 November.

  11. 2025-12

    WP5 and the grid contract (into January 2026).

  12. 2026-06

    WP3 tender, including Sabrah.

  13. 2027

    Phase 1 completion target.

  14. 2028

    Airport target: more than 13 million passengers a year.

  15. 2029

    Phase 2.

  16. 2030

    The Chedi Soudah Peaks opening on the operator’s roadmap. Planting target: over 1 million trees.

  17. 2033

    Full completion of the three phases.

Building tenders, including WP3 with Sabrah in June 2026, sit in the middle of 2026. The study reads that by the end of 2027 the likely completions are modular buildings, glamping, WP5 and starter complexes, while phase 1’s capital hotels and large houses move into 2028–2029, alongside the Abha terminal (2028) and phase 2 (2029). That is a reading of the tender calendar, not a change to the official date. research estimate, not confirmed by filings

Part 5 of 6

Ownership, operators and requirements

Ownership

Development rights and the assets sit with SDC. The chairman of the board is the Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud.

Ownership and management

Public Investment Fund

100% owner

Soudah Development Company

developer, closed joint-stock company since 24 Feb 2021

Board

chair: the Crown Prince; the board includes the culture minister, the Aseer governor and three further members

Saleh Aloraini

CEO from February 2024

Daniel McBrearty

Chief Development Officer

Board and executives

The board also names Prince Badr bin Abdullah bin Farhan Al Saud (minister of culture), Prince Turki bin Talal Al Saud (governor of Aseer and head of the Aseer development authority), Eng. Ibrahim Al-Sultan, Prof. Fahd Al-Rashid and Eng. Ayman Al-Mudaifer.

Dr Reem AlFrayan leads community integration. Operator selection, letters of intent and management agreements sit with the hospitality asset department; the department head is not named.

Operators

At exhibitions in November 2024 and April 2025, SDC confirmed talks with hotel operators and did not publish a full brand list. company data

Chedi Hospitality’s roadmap records CHEDI Soudah Peaks with a 2030 opening. Stephan Schupbach, president and chief executive of Chedi Hospitality, confirmed four hotels in Saudi Arabia, including a mountain resort at Soudah Peaks at 3,000 m, plus projects in Riyadh (Wadi Safar), AlUla and Trojena. The group’s portfolio names the wellness brand Serai. company data

Before SDC, Daniel McBrearty led the concept for The Chedi Hotel Wadi Safar, which received Hotel Concept of the Year. That career link does not mean Chedi has been appointed to the 130-key Sabrah hotel: the lot still requires an international operator for that hotel and for the two ultra-luxury hotels (120 keys) as separate conditions.

For part of the boutique hotels, PIF established the national management company Adeera. company data

Certificates and memoranda

Certificates, the award and memoranda

TopicCounterpartyWhenWhat is recorded
ISOISO20253 new certificates (facilities, occupational health, environment); the portfolio brought to 8
ProcurementCIPS2025Procurement Excellence Award 2025
Mountain agendaUN Mountain Partnership and UNWTO2021–2026first Gulf developer in the UN Mountain Partnership; UNWTO affiliate member
HeritageSaudi Heritage Preservation Society and the Rijal Almaa village cooperativeSeptember 2024 / 2025a memorandum to restore 3 monuments; emergency works on 100% of GFA for 4 buildings, then handover to the community
CapitalFuture Investment Initiative21 October 2025a partnership to attract capital into ecological and regenerative tourism
MediaWarner Bros. Discovery29 May 2024documentary content on flora, fauna, terrain and culture
CoffeeSaudi Coffee Company2024–2025a memorandum on mountain coffee on the terraces
WorkforceMinistry of Tourism, King Khalid University, Swiss hospitality schoolssince November 2021training against 8,000 jobs, plus scholarships

More than 200 historic monuments are named on the site (stone villages, mosques, minarets, towers, forts). Some are being prepared for a World Heritage nomination, following the village of Rijal Almaa.

  • CIPS Procurement Excellence AwardSDC procurement2025

Employer requirements in Abha

For operators and contractors in Abha the stated requirements are: the personal-data law covers guest records and senior hiring; private-sector employment contracts are registered in Qiwa, and the job title, pay and start date in the offer must match the registry entry; a foreign specialist needs a work-permit quota, a work visa and a resident identity (Iqama) via Muqeem. If an operator moves a regional headquarters into the country, licensing of the company is sequenced before final offers.

Part 6 of 6

Observations and open points

What is already on the record

Phase 1 is officially aimed at 2027: 940 keys, 391 residences, 32,000 m² of retail. The private-capital entry that is described is the 1,120-key lot, and inside it the 130-key wellness hotel in Sabrah plus five luxury and ultra-luxury hotels totalling 570 keys (450 + 120).

The grid contract of SAR 1.3 billion (500 MVA) and 15 reservoirs of 93,150 m³ are already named. The WP3 tender, which includes Sabrah, is set for June 2026, with Parsons supervising and AECOM designing.

Chedi Hospitality is the first ultra-luxury operator named, with The Chedi Soudah Peaks and a 2030 date. That is not an appointment to all 1,120 keys in the lot.

The study recommends that operators of Sabrah, Tahlal and Sahab build programmes around altitude up to 3,015 m (hypoxia, live-high train-low, juniper, acclimatisation monitoring, and enriching air in rooms and spas down to a “physiological altitude” of 1,500–1,800 m). The master plan does not list these as built systems. The SAR 4,000–12,000 a night range in that recommendation is other properties’ rates, not a Soudah Peaks price list. research estimate, not confirmed by filings

Risks and forks

What stays open

Acclimatisation

altitude

3,015 m is described as a threshold for acute mountain sickness on a fast ascent from the coast (Jeddah, Dubai, Doha) or from Riyadh (about 600 m). The first 24–72 hours are described with tachycardia, a blood-pressure spike, broken sleep, dehydration and a load from hammam and sauna for older guests. research estimate, not confirmed by filings

Phase 1 timing

calendar

The official target is 2027. Building tenders, including Sabrah, sit in April–August 2026. The reading that capital hotels hand over in 2028–2029 is a calculation from that calendar. research estimate, not confirmed by filings

Editions disagree

figures

Keys are 2,700 or 2,810, Sabrah is 180 or 130, the site is 627–637.5 km², and residences are 1,151 in the zone table against 1,336–1,337 in the overall plan. being verified

CapEx and GDP

money

Announced investment is more than $3.9 billion. The $7.7 billion figure is the GDP contribution, not the construction budget. sources disagree

No inpatient base

product

There is no clinical hospital in the master plan. The product described is spa, climate, sport and agri-wellness.

Wellness-hotel operator

contract

An international operator is required for the 130-key hotel and is not named in that slot. Chedi is confirmed as a separate project for 2030.

What the material does not contain

The material has no revenue, occupancy, ADR or price list for Soudah Peaks itself, no headcount beyond the 8,000-job target and the staff housing counts, no company registration number, and no list of medical equipment.

Questions and answers

When does it open?

Phase 1 is targeted for 2027 (940 keys). Phase 2 is 2029 and full completion is 2033. The Chedi Soudah Peaks sits on the operator’s roadmap for 2030. The Sabrah zone tender is set for June 2026.

How many keys?

Phase 1 is 940. The base plan for 2033 is 2,700 keys in 18–20 hotels; the 2025 detailed plan is 2,810. The private-partner lot is 1,120, of which the wellness hotel is 130.

What investment is stated?

At launch, more than SAR 11 billion (about $3.0 billion). The later project figure is more than $3.9 billion (about SAR 14.6 billion). The grid contract is SAR 1.3 billion ($347 million). The figure near $7.7 billion is the GDP contribution, not CapEx.

Is there a hospital?

No. The master plan does not include an inpatient hospital, surgery or invasive centres. It describes spas, meditation, trails, golf, an outdoor gym and agri-wellness in Jareen.

Who owns it, and who operates it?

The owner is PIF through Soudah Development. The CEO since February 2024 is Saleh Aloraini. The first ultra-luxury operator named is Chedi Hospitality (opening 2030). The national manager Adeera is named for part of the boutique stock. The 130-key hotel still awaits its own international operator.

An analytical snapshot based on public data and official documents as of the date shown. Not advertising, medical advice, an investment recommendation or an offer; it contains no assessment of the effectiveness of medical methods. Spotted an error? Let us know