Saudi Arabia’s Public Investment Fund (PIF) has announced plans for the Rig, a new tourism project.

The development, inspired by offshore oil platforms, will be located in the Arabian Gulf and will cover a total area of more than 150,000 square meters.

When completed, it will provide a plethora of hospitality options, adventures, and aquatic sporting experiences.

The Rig is a project in the tourism and entertainment sector, one of the PIF’s key strategic sectors, and is expected to add significant value to the local economy.

Furthermore, in order to ensure the long-term preservation of the environment in the surrounding area, the project will adhere to leading global standards and best practices, thereby supporting broader environmental protection efforts.

This project is a one-of-a-kind tourism attraction that is expected to attract tourists from all over the world but is especially popular with citizens and residents of the region’s GCC countries.

The Rig will include a number of tourist attractions such as three hotels, world-class restaurants, helipads, and a variety of adventurous activities including extreme sports.

PIF has established several major projects and companies in various regions of Saudi Arabia to support the country’s efforts to become a leading global tourist destination, including the Red Sea Development Company, Alsoudah Development Company, and the Cruise Saudi Company.

Public Investment Fund

PIF is one of the world’s largest sovereign wealth funds, aiming to drive Saudi Arabia’s economic transformation for the benefit of its people while also helping to shape the future global economy.

The organization is constructing a portfolio by investing in enticing, long-term opportunities in a variety of industries and asset classes around the world, while also exploring new markets at home.

These include the latest acquisition of Newcastle United, a Premier League football club.

– India’s new age travel digital media


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