PIF-owned Soudah Development joins UN's ‘Mountain Partnership’

PIF-owned Soudah Development joins UN's ‘Mountain Partnership’
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Soudah Development Company in February (SPA)
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Updated 17 November 2021
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PIF-owned Soudah Development joins UN's ‘Mountain Partnership’

PIF-owned Soudah Development joins UN's ‘Mountain Partnership’

JEDDAH: Saudi Arabia's Soudah Development (SD) is the first real estate development company to become a member of the UN's Mountain Partnership, a statement revealed.

Owned by the Public Investment Fund (PIF), SD aims to enhance building environmental sustainability through joining the program.

The Mountain Partnership, established in 2002, is a voluntary alliance of more than 400 global members, including government organizations, private companies, and civil society groups committed to improving the lives of local communities and protecting mountain systems.

SD aims to lead the development of a luxury mountain tourism destination, in Asir, southwestern Saudi Arabia.