Saudi Arabia Unveils THE RIG
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), announced on Saturday the launch of “THE RIG”. The mega project would be the world’s first tourism destination on offshore platforms. The price tag or an expected opening date were not disclosed.
THE RIG 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.
THE RIG is an actual oil rig, Gizmodo reports. But it will also have 3 hotels, 800 rooms, 11 restaurants, a roller coaster, a water slide, a Ferris wheel, go carts, bungee jumping, scuba diving, and a performance arena, along with many other things that you would expect from a luxury travel destination. You will have several options of getting there, including ferry, yacht, cruise, or helicopter.
To ensure the sustainable preservation of the environment in the project’s vicinity, the project will follow leading global standards and best practices in the field, the Saudi Press Agency says.
It is expected to be a significant value-add to the local economy of Saudi Arabia. THE RIG is in line with PIF’s strategy 2021-2025 to drive innovation in Saudi Arabia’s tourism and entertainment sectors, providing development opportunities to achieve economic diversification in line with the Saudi Vision 2030 objectives.