RIYADH — Deputy Crown Prince Muhammad Bin Salman, chairman of the board of directors of the Public Investment Fund, announced the launch of the Kingdom’s largest quality cultural, sports and entertainment city project in Al Qidiya, southwest of Riyadh.
The city is the first of its kind in the world with an area of 334 square kms, including a major safari area.
The Deputy Crown Prince said, “This city will become, by God’s will, a prominent cultural landmark and an important center for meeting the future generation’s recreational, cultural and social needs in the Kingdom.”
The Deputy Crown Prince explained that this pioneering and most ambitious project in the Kingdom comes within the framework of plans to support the Kingdom’s Vision 2030 by creating quality and distinctive investments within theKingdom that serve the country and the citizens.
It also contributes to diversifying the sources of national income, boosts Saudi economy and creates more job opportunities for young people.
The Deputy Crown Prince disclosed that the Public Investment Fund is the main investor in the project, along with a number of local and international investors. This supports the Kingdom’s position as an important international center in attracting foreign investments.
The Deputy Crown Prince said that the project, whose foundation stone is scheduled to be laid at the beginning of 2018 and the opening of its first phase in 2022, will make a qualitative leap in the Kingdom and support the country’s vision aimed at achieving more prosperity and progress for society and raising the standard of services in the capital to become one of the top 100 cities for living in the world.
The Deputy Crown Prince said that the project is an important incentive to attract visitors as the capital of future adventures and will be their first and preferred choice for offering a number of carefully chosen and selected activities, designed with the latest international standards to achieve a healthy and harmonious life, and provide more entertainment, joy and fun.
The project is expected to include the entertainment city of Six Flags as one of the main attractions of the project. — SPA