Saudi Arabia has unveiled more details about The Rig, an oil rig-inspired mega entertainment project.
It will be built off the country's eastern coast, about 40km from the shore, near Al Juraid Island and the Berri oilfield. It will span 30 hectares, double what was originally announced in October 2021.
The offshore tourism project, funded by Saudi Arabia's Public Investment Fund, grabbed headlines for its unique theme. Inspired by offshore oil platforms, it is meant to “celebrate the legacy and heritage of Saudi Arabia's long oil and gas history”.
There will be three hotels at The Rig, with a total room count of 800, alongside 11 restaurants, a marina and helipads as well as an extreme sports and adventure park. It will also feature a variety of water activities, a diving centre, an esports centre, as well as a theatre and a multipurpose arena.
The project is being developed by the Oil Park Development Company.
No opening date has been announced yet but once operational, developers are expecting to attract more than 900,000 annual visitors by 2032.
A 2022 report published by energy-focused publication Upstream said the project is expected to cost about $5 billion.
MATCH INFO
Confederations Cup Group B
Germany v Chile
Kick-off: Thursday, 10pm (UAE)
Where: Kazan Arena, Kazan
Watch live: Abu Dhabi Sports HD
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 435hp at 5,900rpm
Torque: 520Nm at 1,800-5,500rpm
Transmission: 9-speed auto
Price: from Dh498,542
On sale: now
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Isle of Dogs
Director: Wes Anderson
Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson
Three stars
COMPANY%20PROFILE
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'Morbius'
Director: Daniel Espinosa
Stars: Jared Leto, Matt Smith, Adria Arjona
Rating: 2/5
Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
