Experts to discuss Saudi entertainment sector at key forum in Riyadh

Saudi Arabia's King Salman lays the foundation stone at the Qiddiya entertainment park near Riyadh on April 28, 2018. (SPA)
Updated 29 June 2018

Experts to discuss Saudi entertainment sector at key forum in Riyadh

The capital will host a specialized forum discussing developments in the entertainment sector in September as Saudi Arabia moves into a new era of leisure as part of economic and social reforms in line with Vision 2030. 

The three-day forum, to be organized by Advanced Conferences and Meetings (ACM), will open on Sept. 3. The forum will discuss amusement park developments including the Qiddiya project, one of three giga-projects, in addition to Neom and the Red Sea Project, launched as part of entertainment and tourism expansion. 


Qiddiya awards SR10bn in contracts to help construct Riyadh mega project

Updated 46 min 3 sec ago

Qiddiya awards SR10bn in contracts to help construct Riyadh mega project

  • The funding will be backed by the Kingdom's Public Investment Fund

RIYADH: At least SR10 billion ($2.66 billion) worth of contracts will awarded to various companies to speed up the construction of a mega entertainment and sports project in the Saudi capital Riyadh, the Qiddiya Investment Company announced on Thursday.

The funding will be backed by the Kingdom's Public Investment Fund.

The Qiddiya project includes a number of art, entertainment and sporting facilities, and is being built on a 334 square-kilometre site close to Riyadh.

Its construction forms part of Saudi Arabia’s Vision 2030 program that aims to diversify the Kingdom’s economy.

“We’ve awarded well over 1 billion riyal in contracts so far and that figure is going to jump, maybe ten times to 10 billion riyals, which will all be construction related contracts,” Michael Reininger, chief executive told The National.