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Saudi Arabia will invest more than $13 billion (SAR 50 billion) to develop 21 entertainment destinations across the kingdom, including cinemas, bowling lanes, electric go-kart tracks and indoor surfing areas.
Saudi Entertainment Ventures (SEVEN), which is wholly owned by the Saudi Public Investment Fund (PIF), announced that the entertainment complex will include more than 150 entertainment areas in 14 cities across the country.
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Construction workers have broken ground for the first entertainment district in Riyadh’s al-Hamra, the official Saudi Press Agency (SPA) reported on Tuesday.
The al-Hamra destination, to be located at the intersection of the Eastern Ring Road and King Abdullah Road, will cost US$800 million (3 billion riyals) and cover an area of more than 90,000 square meters with a built-up area of 167,000 square meters.
The entertainment destination will include an indoor observation wheel, an indoor surf area, bowling alley with 10 lanes, an indoor sky-flying area, electric go-kart track, as well as cinemas, restaurants, cafes and restaurants with local and global brands Branded Retail Stores. Expected to receive approximately 6 million visitors per year.
Details and locations of the remaining 13 entertainment venues have yet to be announced.
The announcement comes amid rapid internal growth
The Saudi entertainment industry, and the country’s efforts to strengthen the industry.
This is in line with its Vision 2030 plan to diversify revenue streams, create jobs, contribute to improving the quality of life of citizens and residents, and improve the ranking of Saudi cities among the best cities in the world.
SEVEN says it will introduce a new concept in the entertainment world; its destinations will offer a variety of experiences, including a wide range of entertainment attractions, a variety of local and international dining options and more – all under one roof.
Chairman Abdullah AlDawood said: “SEVEN is redefining the future of entertainment in Saudi Arabia with 21 entertainment venues in 14 cities and more than 150 world-class attractions that enhance the quality of life for the people of Saudi Arabia. We are working with leading companies partner with entertainment brands and will continue to do so to develop entertainment destinations like no other.”
“Breaking ground on our first destination in the al-Hamra district of Riyadh is a key milestone and we are excited to bring an unparalleled experience to the people and visitors of the Kingdom.”
read more:
Saudi can become global content hub; more cinemas set for kingdom: Cinema CEO tells FII
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