Soudah Development and National Grid Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

Soudah Development and National Grid Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

SOUDAH, Saudi Arabia--(BUSINESS WIRE)--Dec 3, 2025-

PIF awards $346m contract to power Soudah Peaks

A developer backed by Saudi Arabia’s Public Investment Fund (PIF) is investing over a billion riyals to build advanced power infrastructure for Soudah Peaks, a luxury mountain tourism destination in the southwest of the country. The Soudah Development project is 3,015 metres above sea level on the kingdom’s highest peak. As part of the SAR1.3 billion ($346 million) contract, National Grid, a subsidiary of state-owned Saudi Electricity Company, w…

“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

Strategic partnership to deliver advanced power infrastructure to Soudah Peaks. A new important milestone in the progression of Soudah Peaks project paving the way for more. Soudah Development, a …