Deputy Crown Prince announces launch of project of largest quality cultural, sports and recreational city in Kingdom

Saturday 1438/7/11 - 2017/04/08
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Riyadh, Rajab 11, 1438, April 08, 2017, SPA -- Deputy Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Chairman of the Board of Directors of the Public Investment Fund, has announced the launch of the project of the Kingdom's largest quality cultural, sports and entertainment city in Al Qidiya, southwest of Riyadh. The city is the first of its kind in the world with an area of 334 square kilometers, including a major safari area.
The Deputy Crown Prince said that 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 vision of the Kingdom of Saudi Arabia 2030 by creating quality and distinctive investments within the Kingdom 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 and 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 whose foundation stone is scheduled to be laid in 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 Level of services in the capital Riyadh 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
00:31 LOCAL TIME 21:31 GMT