Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

Updated 05 April 2018
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Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

JEDDAH: Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh.
Six Flags, the world’s leading international amusement park company, will develop and design the park in Qiddiya, the country's first entertainment, sports and cultural destination set to open in 2022.
The development is part of Saudi Arabia's vision to promote culture and entertainment and attract local and international investors to the sector.
Commenting on the agreement, the Public Investment Fund of the Kingdom of Saudi Arabia, said: “Qiddiya, a key project within the Kingdom’s entertainment sector, will play an important role in the development of the Kingdom of Saudi Arabia’s economy and the realization of the ambitions of Vision 2030. The first Six Flags-branded
amusement park in the Kingdom forms another part of the development of the sector which will help to create jobs and opportunities for Saudi young people,”
For his part, Chief Executive of Qiddiya, Michael Reininger said that “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. With nearly two thirds of the Saudi population under the age of 35, there is a huge appetite
in the Kingdom for amusement parks such as this one, as well as the other sporting and cultural facilities that Qiddiya will offer.”
On the agreement, David McKillips, President of Six Flags International Development Company has also commented saying that "Innovation is synonymous with our Six Flags brand, and our international licensing business provides a unique opportunity to continue our strong global growth. We see great potential in the Saudi Arabian market and look forward to collaborating with PIF to create a world-class entertainment destination for Saudi’s young and dynamic population.”


Muslim World League chief honored for strengthening ties between Islamic world, Russia

Updated 24 July 2019
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Muslim World League chief honored for strengthening ties between Islamic world, Russia

 

MOSCOW: The Institute of Oriental Studies of the Russian Academy of Sciences has awarded the secretary-general of the Muslim World League (MWL), Dr. Mohammad bin Abdul Karim Al-Issa, an honorary doctorate in recognition of his efforts to strengthen the relationship between the Islamic world and Russia.

Prof. Vitaly Naumkin, the director of the institute, who represents one of the most well-known academic institutions in the world over the past 200 years, talked about Al-Issa’s career, noting that he has contributed to the promotion of cultural rapprochement among nations through his visits to countries and his connections with different cultures and religions.

Naumkin said that the principles of moderation adopted by the MWL and its secretary-general contributed to the establishment of security in the world, noting that these principles addressed extremism and violence.

The honorary doctorate was given to Al-Issa for his services in the development of Islamic jurisprudence and improving official and popular relations between Russia and the Islamic world, he said.

The MWL secretary-general said that he was proud to receive the honorary doctorate from an institute that is well-known for its dedication and neutrality.

He also praised the Russian Federation’s care for Arab and Islamic culture and its keenness to communicate with the Muslim world, learn its language and understand its culture.

Al-Issa considered the award to be motivation to work on promoting cultural communication and exchange between the Islamic world and Russia.

He said that the institute has contributed to changing the stereotype of Orientalism in the Muslim world and has encouraged cultural communication between nations and peoples.

The ceremony was attended by representatives of the Russian presidency, the Duma and the Senate, as well as high-ranking diplomats, senior academics of Orientalism, religious leaders and a group of researchers and students.