Saudi Arabia announced on Tuesday that it has won the bid to host the 2029 Asian Winter Games at a planned mountain resort in the NEOM project, the flagship of the Gulf Arab state, from 500,000 million dollars.

The TROJENA project is expected to be completed in 2026 and will offer outdoor skiing, an artificial freshwater lake and a nature reserve, according to the project’s website.

“With the unlimited support of the Saudi leadership and His Majesty the Crown Prince to the sports industry, we are proud to announce that we have won the bid to host AWG TROJENA2029 as the first country in West Asia,” he stated on Twitter (NYSE: TWTR ) . Saudi Sports Minister Prince Abdulaziz Bin Turki Al-Faisal.

The NEOM is Crown Prince Mohammed bin Salman’s most ambitious project, under the kingdom’s Vision 2030 development plan to reduce dependence on and transform the economy, including through the development of sport.

NEOM, a 26,500-square-kilometer (10,230-square-mile) high-tech development on the Red Sea, will include the zero-carbon city “The Line,” as well as industrial and logistics areas.