Saudi Arabia launches multi-billion dollar resort


Groundbreaking: King Salman (middle) placing an illuminated baton in an installation showing the logo for Qiddiya, an entertainment city spanning 334 sq km that would include high-end theme parks, motor sport facilities and a safari park during a groundbreaking ceremony at the site. — AFP

QIDDIYA (SAUDI ARABIA): Saudi King Salman and Crown Prince Mohammed bin Salman attended the groundbreaking ceremony on Saturday of a vast entertainment resort that is at the heart of an ambitious strategy to open the economy and ease social restrictions.

Qiddiya, about an hour’s drive from Riyadh, is being built on a 334-sq km (8,400-acre) site, making it 2½ times the size of Disney World.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , saudi

   

Next In Business News

Wall St poised for weak open as rate worries keep Treasury yields elevated
Poh Kong's net profit tumbles 83% in 4Q
Ringgit ends easier against US dollar, stronger versus other major currencies
FGV names Rastam Mohd Isa as new chairman
Samaiden and Meta Bright collaborate to advance clean energy initiatives within APAC
Tomei units get pawnbroking, money lending license
VS Industry expects sustained sales growth after 86% profit surge
Ecoscience gets RM38mil construction job
Aeon Credit stays vigilant amid economic challenges
SNS Network upbeat on ICT industry growth

Others Also Read