RIYADH: Saudi Entertainment Ventures, also referred to as Seven, has announced that it is extending the deadline for commercial bids for its planned entertainment complex to be located in Madinah by three weeks, MEED reported.
While the bids were previously due to be submitted on May 24, it was extended to June 14.
Occupying an area of 77,000 square meters, the complex will entail retail, food outlets, areas for education and entertainment, cinemas, bowling, among other activities.
Owned by the Public Investment Fund, Seven plans to establish over 20 entertainment complexes, 50 cinemas, and two theme parks across Dammam, Jeddah, Mekkah, Obhur, and Riyadh.
This comes as part of a bigger plan to localize Saudi spending on entertainment in line with the Kingdom’s Vision 2030.