Powering the Peaks: Soudah Development and National Grid Sign SAR 1.3 Billion Agreement
Soudah Development, a key entity of Saudi Arabia’s Public Investment Fund (PIF) and chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has entered into a landmark agreement with National Grid, a prominent subsidiary of the Saudi Electricity Company. This strategic partnership, valued at over SAR 1.3 billion, is set to develop and deliver the essential, advanced power infrastructure required for the ambitious Soudah Peaks project.
This collaboration represents a crucial step in the realization of Soudah Peaks, envisioned as an ultra-luxury mountain destination situated 3,015 meters above sea level. The agreement strongly reinforces Soudah Development’s dedication to establishing a world-class standard for unparalleled experiences across various sectors, including tourism, hospitality, wellness, retail, and ultra-luxury residential offerings.
Under the terms of this significant agreement, National Grid is tasked with designing and constructing a comprehensive, integrated electrical network. The core of this robust system will be a 380/132 kV central substation boasting a substantial capacity of 500 MVA. Furthermore, the project includes the installation of two dedicated 132/13.8 kV high-voltage substations. This sophisticated infrastructure is designed to serve as the critical backbone for the entire utility ecosystem across all designated zones of the Soudah Peaks project. Its primary function is to guarantee a reliable and consistent power supply to all major assets throughout every phase of development, encompassing hospitality venues, residential areas, commercial establishments, and public amenities.
Eng. Saleh AlOraini, the Chief Executive Officer of Soudah Development, emphasized the significance of this milestone, stating, “This agreement marks a defining step forward in the journey to develop Soudah Peaks, a world-class destination that exemplifies ultra-luxury, excellence, and sustainability.” He further highlighted the strategic importance of the partnership, noting, “Through our partnership with National Grid SA, we are securing the infrastructure foundation needed to power all of Soudah Peaks development phases.” The focus on securing future-ready infrastructure through this alliance not only ensures the future operational success of Soudah Peaks but also underscores the shared commitment of both organizations to actively contribute to the Kingdom’s goals for economic diversification and its broader sustainability ambitions.
Eng. Waleed Al-Saadi, the Chief Executive Officer of the National Grid SA, mirrored this positive sentiment, acknowledging the agreement as “a pivotal milestone in developing the electrical infrastructure for the Soudah Peaks project.” He affirmed the company’s commitment, stating, “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.” Mr. Al-Saadi also pointed out the strategic role National Grid plays within the national economic landscape: “Our partnership with Soudah Development underscores our central role in enabling luxury tourism destinations and the Kingdom’s growing economic landscape.” By undertaking the establishment of an advanced electrical network specifically tailored to meet the project’s complex needs across all phases, National Grid SA is reaffirming its continuous efforts to enhance both the readiness and resilience of the nation’s power system, ensuring alignment with national sustainability goals and the ambitious Saudi Vision 2030 framework.
The realization of Soudah Peaks is set to transform the region, establishing a new global benchmark for high-altitude, sustainable, ultra-luxury destinations. The massive investment in state-of-the-art power infrastructure, secured through this SAR 1.3 billion agreement, guarantees that the project will have the robust, reliable, and efficient electrical support necessary to deliver on its promise of unparalleled experiences for all future residents and visitors, further cementing Saudi Arabia’s position on the global luxury tourism map. The strategic alignment between Soudah Development and National Grid ensures that this ambitious undertaking is built on a foundation of operational excellence and a shared vision for a sustainable, diversified economic future.
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