Market Research Logo

SCTA – Al Ogair Tourism Destination – Eastern Province - Project Profile

SCTA – Al Ogair Tourism Destination – Eastern Province - Project Profile

Synopsis

"SCTA – Al Ogair Tourism Destination – Eastern Province - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "SCTA – Al Ogair Tourism Destination – Eastern Province - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Supreme Commission for Tourism and Antiquities (SCTA) is planning to undertake the Al Ogair Tourism Destination project in Saudi Arabia.

The project involves the development of mixed-used facilities on a 100million m2 area. It includes the construction of tourism, cultural, entertainment and economic facilities such as water parks, automobile sport centers, water sport centers, amusement parks, desert resorts, heritage and maritime museums, shopping malls and villages, convention and exhibition facilities, handicraft, heritage and products souks, educational centers, residential quarters, medical city, hotels, service apartments, golf resort, rest houses, restaurants, a historical and archaeology center and related facilities.

The project is being implemented in three phases.

The first phase includes the construction of tourism facilities such as Al Ogair Water Park, Al Ogair center for Motor Car Sport, rehabilitation of Al Ogair Seaport (Water Sport Center), amusement parks, Al Ogair’s historic seaport, 2,900 hotel rooms, 2,600 furnished apartments and tourist camps. The scope of the remaining phases is yet to be reveled.

T&L Consultation Ltd and Ernst & Young have been appointed to update the feasibility study for the project.

In 2006, the project plan was submitted to the Custodian of the Two Holy Mosques for approval and it was approved in 2007.

On February 03, 2011, SCTA signed an agreement with NCB Capital to work as financial adviser to establish and manage Al-Ogair Development Company.

In 2011, the Council of Ministers approved allocation of US$640 million for the development of infrastructure facilities like electricity, water supply and sewage network.

On March 5, 2012, private placement and marketing documents for investment opportunities of the project were prepared and submitted to the Saudi Arabia Monetary Agency (SAMA).

On May 7, 2012, a contract was signed with Alinma Bank to open and manage an account and investment portfolio in the name of the project.

In August 2012, a meeting was held with the officials of Water Authority in the Eastern Province, during which a number of recommendations were made. The recommendations are: the project is to be carried out by SCTA in addition to a number of public and private authorities including the Ministry of Municipal and Rural Affairs, Al Ahsa Secretariat General, the Ministry of Water and Electricity, the Ministry of Commerce and Industry, the Saudi Arabian General Investment Authority (SAGIA), in addition to a number of relevant public and private authorities.

On September 10, 2013, the establishment of Al Ogair Development Company was completed and the Articles of Association of the company was signed.

In February 2015, SCTA completed the Al Ogair Development Company's all necessary technical and regulatory measures and submitted to the Cabinet for obtaining license as the first integrated tourism destination consisting a number of tourism specialized projects.

SCTA is awaiting the license from the Cabinet for the project development.

Planning activities are underway.

Scope

The project involves the development of mixed-used facilities on a 100million m2 area in Saudi Arabia.

The US$13,600 million project includes the following:

1. Construction of construction of tourism, cultural, entertainment and economic facilities

2. Construction of shopping malls and villages

3. Construction of convention and exhibition facilities

4. Construction of handicraft, heritage and products souks

5. Construction of educational centers

6. Construction of medical city

7. Construction of 2,900 hotel rooms and 2,600 furnished apartments and tourist camps in the first phase

8. Construction of hotels, service apartments and restaurants

9. Construction of golf resort, rest houses

10. Construction of a historical and archaeology center

11. Construction of museums and art galleries

12. Construction of entertainment centers for school children

13. Rehabilitation of several places of archaeological interest

14. Construction of fitness centers

15. Construction of a health clinic

16. Construction of related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report