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Feasibility Study for a Cable Car Project in the Taif Mountains
Feasibility Study for a Cable Car Project in the Taif Mountains
Feasibility Study for a Cable Car Project in the Taif Mountains: The Taif Mountains Cable Car Project aims to create a unique tourist and recreational transportation method connecting the high mountainous areas and tourist attractions in Taif, such as Al Shafa and Al Hada, providing an exceptional experience for tourists and visitors. The cable car will offer passengers panoramic views of the picturesque landscape, enhanced by service and entertainment facilities, making it a destination in itself.
The project includes departure and arrival stations equipped with various services, advanced weather-resistant cabins, waiting and rest areas, in addition to restaurants and ticket and gift shops. The project enhances Taif’s position as a distinct mountain tourist destination and boosts economic activity in the region.
Investment Opportunity Content
Targeted Products and Services
Targeted Products and Services
Cable Car Trips
Comfortable, periodic trips between mountain stations, ranging from 2 to 5 kilometers depending on the chosen route.
Panoramic Views and a Tourist Photography Experience
Attractive natural scenery allows visitors to capture rare photos in a unique mountain environment.
Entertainment Services at Stations
Cafes, Restaurants, Rest Areas, and Souvenir Shops.
Services for People with Disabilities and the Elderly
Designed for ease of access and mobility for all.
Accompanying Tour Programs
Packages that include the cable car ride with tours within the city or nearby nature reserves.
Demand and Market Analysis
Demand and Market Analysis
Market Trends:
Increasing Number of Visitors to Taif
Taif is one of the most prominent mountain destinations in Saudi Arabia, especially during the summer, due to its moderate climate.
Demand for Quality Tourism Experiences
Tourists prefer activities that combine fun and adventure, making the cable car an attractive and distinctive option.
Lack of Modern Mountain Tourism Transportation
There are no similar large-scale projects in the region, which warrants the project’s allocation.
Target Audience:
Saudi families and residents seeking new experiences.
Gulf Tourists.
School students on excursion programs.
Photography and nature enthusiasts
Investment Advantages
Investment Advantages
A strategic location in the heart of mountain tourism in Saudi Arabia.
An area with a strong presence during the tourist seasons.
Lack of competition.
Lack of similar cable car projects with the same quality and distance. This is an exclusive opportunity.
Supporting the mountain tourism sector.
Be a project expected to support domestic tourism under Vision 2030.
Accommodation during high seasons and during holidays.
Means increased demand for seasonal travel, while demand remains stable during holidays.
Project Features
Project Features
Modern and safe design, in compliance with international standards.
Using cabins of varying capacities (4-8 passengers).
Stations equipped with integrated services.
Possibility of expansion by connecting multiple locations later.
Smart ticketing technologies and digital operation management.
Reducing pressure on mountain roads and providing an alternative and sustainable means of transportation.
Financial Indicators
Financial Indicators
Expected Capital:
Ranges between SAR 280 million and SAR 350 million, including the construction of stations, the cable car system, infrastructure, and technical and service equipment.
Expected Payback Period:
6 to 8 years from the start of actual operation, depending on seasonal occupancy rates and the number of daily trips.
Expected Return on Investment (ROI):
Ranges between 13% and 16% annually, with expectations of an increase after the third year as operations and marketing stabilize.
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