Saudi Arabia’s Tourism Development Fund is investing $372M in a multi-use resort on Half Moon Beach, featuring hotels, villas, dining, and entertainment.

Saudi Arabia Plans All-Inclusive Resort on Half Moon Beach with $372 Million Investment

Saudi Arabia’s Tourism Development Fund is spearheading a SAR 1.4 billion ($372 million) project to establish a multi-use resort on Half Moon Beach in the Eastern Province. Covering an expansive 262,000 square meters, the development will be operated under the Rixos brand and managed by global hospitality leader Accor.

The resort will feature 400 hotel units, 41 residential villas, and a wide array of dining and entertainment options, marking it as the first all-inclusive coastal resort in the region. The initiative aligns with Saudi Arabia’s national tourism strategy, aiming to boost the region’s quality of life, enhance the Kingdom’s GDP, and diversify its tourism offerings.

Funded by the Tourism Development Fund and bolstered by foreign investment from FTG International Group, the project highlights strong public-private collaboration. Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, underscored the project’s significance during a key meeting in Dammam. Attendees included high-profile officials such as Eastern Region Mayor Eng. Fahad Al Jubeir, Eastern Region Development Authority CEO Eng. Omar bin Saleh Al Abdullatif, and FTG International Group Executive Director Fatih Tamince.

At the meeting, stakeholders were briefed on the project’s progress and vision. Mayor Al Jubeir praised the initiative, emphasizing the importance of collaboration in driving transformative tourism projects in the region.

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