Oil Park Development Co. Launches Masterplan for THE RIG. Project, Redefining Marine Sports and Adventure Tourism

Riyadh - Oil Park Development Co. (OPDC), a subsidiary of the Public Investment Fund (PIF) and developer of THE RIG. project, announced the launch of its masterplan today, Jan. 17. The project aims to redefine marine sports and adventure tourism, aligning with Saudi Arabia's Vision 2030 goals for economic diversification and growth in the tourism sector, as reported by the Saudi Press Agency.

Raed Bakhrji, CEO of OPDC, highlighted that THE RIG. project is expected to attract over 900,000 visitors annually by 2032 from local, regional, and international markets.

Spanning over an area of 300,000 square meters near Al-Jarid Island and the Arabian Gulf's Berri Conventional Oil Field—located approximately 40 kilometers offshore—the project promises a range of thrilling experiences both above and below sea level.

THE RIG. will feature three hotels offering a total of 800 rooms along with eleven restaurants and various shops to cater to visitors' needs.

Transportation options will be diverse with main stations located in Dammam and Jubail Industrial City providing access via fast ferries, helicopters, or seaplanes.

The development of this ambitious project reflects PIF's commitment to its strategy while contributing directly and indirectly to job creation for local talents as well as attracting investments that support economic diversification within the Kingdom.

As Saudi Arabia continues its journey towards achieving Vision 2030 objectives; projects like THE RIG., combining innovation with unique experiences in marine sports and adventure tourism; are set to play a pivotal role in transforming the country into a sought-after destination for travelers worldwide.