Soudah Peaks project is developed by Soudah Development Company (SDC), one of the companies founded by the Saudi Public Investment Fund.

The $7.7 billion project was officially announced by Crown Prince Mohammed bin Salman in September 2023.

It spans a total area of 627 km2 with an elevation of 3,015 m above sea level on Saudi Arabia's highest peak.

The project aims to attract 2 million annual visitors by the year 2033.

[5] Soudah Peaks was launched on 25 September 2023 by Crown Prince Mohammed bin Salman as one of Saudi Arabia's Vision 2030 projects.