Saudi Arabia’s Qiddiya city being developed as a fully integrated city
Abdullah bin Nasser Al-Dawood, Managing Director
of Qiddiya Investment Company, said the
Qiddiya project is pursuing a diversified funding strategy that includes the
Public Investment Fund (PIF) as the strategic investor, alongside private
sector and international investors. He noted that additional financing
announcements are expected in the near future.
Speaking during a government press conference,
Al-Dawood explained that the current phase of development is focused on
building core infrastructure, laying the groundwork for positioning Qiddiya as
a global hub for entertainment, sports, and culture.
He added that Qiddiya is being developed as a
fully integrated city across all developmental and economic dimensions, and is
expected to contribute more than SAR 35 billion to Saudi Arabia’s GDP and
generate over 300,000 jobs once all planned assets are completed.
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Al-Dawood emphasized that Qiddiya is a central
pillar of Saudi Vision 2030,
stating: “We are implementing the vision of His Royal Highness Crown Prince
Mohammed bin Salman to establish Qiddiya as the capital of entertainment,
sports, and culture. The project has received continuous support and attention
from the Crown Prince since its inception.”
He announced that Six Flags Qiddiya will officially
open on December 31, marking the launch of what he described as a new global
destination for entertainment, sports, and culture. The opening of Six Flags
will be the first in a series of successive launches for 70 attractions across
the city, making it the largest of its kind in the Middle East.
Al-Dawood confirmed that Six Flags Qiddiya
will feature five record-breaking rides, noting that the Falcon Flight roller
coaster alone has set three world records.
He also revealed that Aquaria has reached 95%
completion and is in its final development stages, while construction is
progressing rapidly on seven major attractions.
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In addition, Al-Dawood disclosed that the
Qiddiya racetrack will host Formula 1 races, and that Prince Mohammed bin
Salman Stadium will be ready to stage matches during the 2034 FIFA World Cup.
Looking
ahead, he said Qiddiya plans to open 20 hotels in the coming period, while
confirming that the first phase of the city’s infrastructure works has already
been completed.
Source: maaal.com
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