SHARM EL-SHEIKH: Soudah Development, a company owned by the Saudi Public Investment Fund, said it plans to invest SR11 billion ($2.93 billion) as it spearheads a new era of sustainable mountain tourism, as part of the Kingdom’s ambitious environmental action plans.
Its project spans a 627 sq. km area that includes Soudah and the mountain village of Rijal Alma, in the Sarwat Mountains in the southwestern Asir region, and is home to 90 percent of the Kingdom’s greenery and plant…