{"id":39621,"date":"2021-10-16T18:38:18","date_gmt":"2021-10-16T15:38:18","guid":{"rendered":"http:\/\/www.indexeconomic.com\/?p=39621"},"modified":"2021-10-16T18:38:20","modified_gmt":"2021-10-16T15:38:20","slug":"pif-announces-the-rig-project","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=39621","title":{"rendered":"PIF Announces \u201cTHE RIG.\u201d Project"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">  The world\u2019s first tourism destination on offshore platforms<br> <\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-left\"> The Public Investment Fund (PIF) announced today the launch of \u201cTHE RIG.\u201d, a new tourism project. Inspired by offshore oil platforms, \u201cTHE RIG.\u201d will be located in the Arabian Gulf and will span a combined total area of more than 150,000 square meters and provide a multitude of hospitality offerings, adventures, and aquatic sporting experiences.<br> \u201cTHE RIG.\u201d is a project in the tourism and entertainment sector, one of PIF\u2019s key strategic sectors, and is expected to be a significant value-add to the local economy. Additionally, to ensure the sustainable preservation of the environment in the project\u2019s vicinity, the project will follow leading global standards and best practices, further supporting the Kingdom\u2019s broader efforts on environmental protection.<br> This project is a unique tourism attraction, expected to attract tourists from around the world, while being especially popular with citizens and residents of the GCC countries in the region.<br> \u201cTHE RIG.\u201d will feature a number of touristic attractions, including three hotels, world-class restaurants, helipads, and a range of adventurous activities, including extreme sports.<br> \u201cTHE RIG.\u201d is in line with PIF\u2019s strategy 2021-2025 to drive innovation in Saudi Arabia\u2019s tourism and entertainment sectors, providing promising development opportunities to achieve economic diversification in line with the Saudi Vision 2030 objectives.<br> To support Saudi Arabia\u2019s efforts to become a leading global tourist destination, PIF has established several major projects and companies in various regions within the country, including the Red Sea Development Company, Alsoudah Development Company and the Cruise Saudi Company.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s first tourism destination on offshore platforms The Public Investment Fund (PIF) announced today the launch of \u201cTHE RIG.\u201d, a new tourism project. Inspired by offshore oil platforms, \u201cTHE RIG.\u201d will be located in the Arabian Gulf and will span a combined total area of more than 150,000 square meters and provide a multitude &hellip;<\/p>\n","protected":false},"author":2,"featured_media":39622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-39621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PIF Announces \u201cTHE RIG.\u201d Project - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=39621\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF Announces \u201cTHE RIG.\u201d Project - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"The world\u2019s first tourism destination on offshore platforms The Public Investment Fund (PIF) announced today the launch of \u201cTHE RIG.\u201d, a new tourism project. 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