Riyadh: The Aseer Region Development Authority, in partnership with the Federation of Saudi Chambers (FSC), has announced the formation of an investment alliance worth more than SAR 1 billion to support the development of AlWadi in Abha. This significant initiative aims to foster economic growth and infrastructure development in the region.

According to Saudi Press Agency, the AlWadi development is a flagship project led by ARDARA, a company affiliated with the Public Investment Fund (PIF). The announcement was made under the patronage of Aseer Region Governor Prince Turki bin Talal bin Abdulaziz during a meeting with members of the Saudi business community at the FSC headquarters in Riyadh.

The governor emphasized that each step in Aseer’s ‘ascent journey’ is guided by the directives of the Kingdom’s leadership to leverage the region’s resources and build business partnerships. He highlighted the role of business leaders as reliable partners in advancing the region’s development plans.