Al-Uqair

The Kingdom’s First Mixed Use Tourism Destination

 Why Al-Uqair ?
• Distinguished Natural Values
• Distinguished Historical Values
• Proximity to large population areas
• Accessible by several modes of transportation
• The land is owned by the Government.
• High market demand
100,000,000
• High Socio-economic returns 4-Hour
Drive
2-Hour
Drive
m2

(13.5Million within a 4 hour drive)

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 Vision
A Mixed-use Tourism Destination Attracting Visitors, Residents & Businesses
• Leisure and entertainment
• Shopping
• Culture
• Sports

• Resort atmosphere • Schools

• Clean, peaceful, and safe A place for • Universities
environment leisure and • Research centers
• All services provided entertainment • Academies

A place to A place to
live All Year learn
Round
A place to A place to
meet work
A place for
• Business and wellness • Job opportunities
International meetings • Creation of SME
• Exhibitions and events • Business opportunities
• Wellness
• Spa
• Clinics
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 Main Milestones

1424H
Al-Uqair 1425-26H 1427H
designated as 1425H Preparation of Blessing by
a Tourism Al-Uqair the the Custodian
Development Steering Conceptual of the Two
Area of high Committee Development Holly
strategic Plan Mosques
priority.

Continued
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 Main Milestones

1429H 1431H
The Cabinet of MoMRA
confirmed land
1428H Ministers transfer as
Approval of designated
1429H equity
Al-Uqair SCTA as the contribution in
PIF confirmed
Investment Process ADC’s capital.
its contribution
Model, as a Manager to &
in ADC’s capital
Private Public establish Al-
Partnership Uqair Designated the
land as Tourism
Development Investment
Company (ADC) Area

Continued
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 Main Milestones

1434H
1433H 1433H Private
Approval of Private Placement
1434H
Funding Off Placement Completed,
SCTA applied
Site process to raise Total
for ADC
Infrastructure capital for ADC Contributions
registration
by SAR 1.4B (Limited amounted to
Offering) SR 2.71Billion

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 A “FIRST”
• The Kingdom’s FIRST large scale new tourism destination:
• SCTA’s FIRST Mega Project
• A First type of an Investment Model
Founding Shareholders Project Sponsor Debt funding

Saudi Commission for

Tourism & Antiquities
Private Placement
Cash Bonds
Cash equity (Investors
(Individuals, Companies, Equity
Funds…)

Equity, Al Uqair Development

Debt Other Funds
Cash Land & Company
PIF Fund Expertise
Equity (Master Developer)

Al Ahsa Municipality Land Banks

IPO
Cash
At a later stage

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 Business Model of ADC
Stage 1: (up to year 5 - 7)
Sole Developer
During the early stages of the
development, ADC will have a full
control over the development and the
management of the destination

Stage 2: (up to year 12-15)

Mix Developer
(Sole + Master Developer)
ADC will start selling land to other
developers and will focus on
developing real estate units

Stage 3: (onwards)
Land Master Developer
ADC will solely sell lands to other
developers and will progressively
reduce its involvement in the
development

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 Capital Structure of ADC

Capital

Up to 4.274

In Kind Equity Cash Equity IPO

0.700 Up to 2.300 1.274 (to be decided)

Amounts in SAR Billions

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 Conceptual Master Plan – Land Use

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 Integrated / Low Density Tourism Destination
Channel Premium
Residential Community
Marina Retail

Marina
Convention Centre
• Private berths for rent
• Water Sports Marina

Main Mosque

Oceanographic

Historic Port of Uqair

Main Hotel District
• Hotels
• Furnished Apartments
Main Activity Corridor
• Main Beach
• Children's playground
• Restaurants

Water Park

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 Al-Uqair Characteristics

Mixed use development

Humanized city
Attracting people to visit and live
Building on historic values
Reflecting local architecture
Protecting the Environmental
Environmental Friendly

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 Development Components
1. Leisure, Entertainment & Commercial Components
“something for everyone in the family”

Historic Port Water Park Motor Center Luna Park Water Sports Center

The Aromatherapy Centre Ibn Battuta Theme Park The Outlet Village Oceanographic Al Uqair Recreational Corridors

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 Development Components
2. Touristic Accommodation Components
A diversified product range that will target a wide range of segments, interests and
motivations: “something for everyone to afford”

Hotels/ Resort Hotels Furnished Apartments Tent Camps

5,421 rooms / 5 stars 6,819 units / 5, 4, & 3 stars 100 units / 4 stars
2,134 rooms / 4 stars 100 units / 3 stars

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 Development Components
3. Residential / Second Homes Components
A diversified product range that will target a wide range of those who wish to
reside in Al-Uqair, or to have a second home there.

Up-scale Villas Villas Apartments Townhouses

900 plots 5,550 Built Units 10,753 Built Units 9,050 Built Units

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 Development Components
Off Site Infrastructure

Roads
There has been rapid progress in upgrading and construction of all highways that
will connect Al Uqair to Riyadh, Al Ahsa, and Dammam. Gulf Coastal Highway is also
under construction linking the GCC countries

Power and Electricity

The government is already in the process of developing major power installations
and grids for the developments in Al Uqair, SR 1.0 Billion is already allocated to
provide Electricity for the site

Water supply & Sewage Treatment

The water and sewage treatment plants are currently being planned and designed
to support the future needs of the destination, SR 0.4 Billion is already allocated to
provide for a water desalination plant for the site as well as a sewage treatment
plant.

The government provided funds foe all off-site infrastructural components that will be vital
for Al Uqair as a tourist destination
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 Al Uqair main socio - economic conclusions
Al-Uqair will help boost the tourism industry and diversify the Al-Ahsa
Economic and overall Eastern Province economy, currently very dependant on oil
diversification and agriculture

Al-Uqair will help launch and promote the economy of an

Balanced underdeveloped area in the Kingdom
Regional The Al-Uqair model will act as a ‘pilot test’, and be able to be reproduced
development in other regions
Al-Uqair will facilitate tourism initiatives in the local and regional private
sector
Al-Uqair will help reinforce the provincial tourism organization

The public sector involvement in ADC, especially at the early stages, will
encourage the private sector to gradually increase its involvement in the
Privatisation development
Al-Uqair, through its organizational model, will act as a catalyst to
facilitate private investment
At the end of the project, 79% of the total investment will have been
carried out by the private sector
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 Al Uqair main socio - economic conclusions

Al-Uqair will create over 37700 direct job opportunities & 57000 indirect job
Saudization opportunities, in addition to an average 28,000 construction jobs through the 30
year development plan
by 2040 almost 36% of Al-Uqair operational workers should be Saudis
Al-Uqair will positively impact the Al-Ahsa region

Economic Al-Uqair will contribute to the KSA GDP with 0,18%

growth Al-Uqair could increase government revenues in the future
Al-Uqair will create a large number of jobs through the labor-intensive tourism
industry

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 Thank You
WWW.SCTA.GOV.SA
WWW.SAUDITOURISM.COM.SA
WWW.MAS.GOV.SA

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