Soudah Development, a Public Investment Fund (PIF) company, has announced a project to deliver advanced power infrastructure to its Soudah Peaks development
The company signed an agreement with National Grid, a subsidiary of the Saud Electricity Company, valued at more than SAR 1.3bn (US$346mn), to develop and deliver power systems for its luxury mountain-based resort.
The company said in a statement that the strategic partnership marks a “critical milestone” in the development of Soudah Peaks.
Its project is described as an ultra-luxury mountain destination in Saudi Arabia, rising 3,015 metres above sea level.
Under the agreement, National Grid will design and construct the integrated electrical network that includes a 380/132 kV central substation with a capacity of 500 MVA, as well as two 132/13.8 kV high-voltage substations.
This infrastructure will form the backbone of the utility ecosystem across all zones of the project, ensuring reliable power delivery to hospitality, residential, commercial, and public assets, for all development phases.
“This agreement represents a pivotal milestone in developing the electrical infrastructure for the Soudah Peaks project,” said Eng. Waleed Al-Saadi, CEO of the National Grid SA.
“It reflects our firm commitment to supporting major development initiatives in the kingdom through integrated solutions built on the highest standards of efficiency and reliability.”
Al-Saadi also said that the partnership with Soudah Development underscores its central role in enabling luxury tourism destinations and the kingdom’s growing economic landscape.
“By establishing an advanced electrical network tailored to meet the project’s needs across all phases, we reaffirm National Grid SA’s continued efforts to enhance the readiness and resilience of the power system in alignment with sustainability goals and Saudi Vision 2030.”
Eng. Saleh Al-Oraini, CEO of Soudah Development, said it marks a defining step forward in the journey to develop Soudah Peaks.
“Through our partnership with National Grid SA, we are securing the infrastructure foundation needed to power all of Soudah Peaks development phases.”
HRH Prince Mohammed bin Salman announced the launch of Soudah Development Company (SDC) in 2024, with plans to attract over two million visitors annually and create 8,000 direct and indirect permanent jobs by 2030.
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A view of the Al Souda mountains
