Deputy Crown Prince Mohammed bin Salman, the chairman of the Board of Directors of the Public Investment Fund, announced the launch of the project of the Kingdom’s largest cultural, sports and entertainment city in Al Qidiya, southwest of Riyadh.
The city is the first of its kind in the world at 334 square kilometers and will include a major safari area.
The Deputy Crown Prince said that this city will become a major cultural landmark and an important center for meeting the future generation’s recreational, cultural and social needs in the Kingdom.
He explained that this pioneering and ambitious project comes within the framework of plans to support Saudi Arabia’s Vision 2030 by creating quality investments 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 the youth.
The chairman of the Public Investment Fund disclosed that the fund is the main investor in the project, along with a number of local and international investors, which supports the Kingdom’s position as an important international center in attracting foreign investments.
The Deputy Crown Prince said that the project will mark a qualitative leap in the Kingdom and support the country’s vision in achieving more prosperity and progress for society and raising the level of services in the capital Riyadh to become one of the top 100 cities for living in the world. The foundation stone of the project will be laid in the beginning of 2018 and its first phase kicks off in 2022.
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 amusement park of Six Flags as one of its main attractions.