The future is clearly Saudi Arabia’s focus, and this forward thinking is also helping to develop new sectors in the country.
On 5 April, it was reported that PIF had signed an agreement to open a Six Flags-branded theme park in the country.
The project will be part of the Qiddiya project, the kingdom’s new entertainment destination located southwest of Riyadh, and will open in 2022, Saudi Arabia’s press agency confirmed. The Six Flags-branded amusement park will be the country’s first entertainment, sports, and cultural destination.
PIF’s agreement with Six Flags is in line with the kingdom’s Vision 2030 aims of diversifying the country’s economy, promoting culture locally, and developing an entertainment ecosystem.
Commenting on the agreement, chief executive officer of Qiddiya, Michael Reininger, said: “By partnering with a global leader in this sector, we know that we are going to deliver something exceptional that will enrich the daily lives of those living here.”
The solar park, hyperloop, and the Six Flags theme park are sizeable schemes even as independent, standalone developments, but when viewed within Saudi Arabia’s contemporary investment climate, all three point in one direction: towards a future that promises long-term economic, environmental, and social sustainability for one of the Gulf’s largest consumers of construction services.