Saudi Press: Saudi Arabia is Keen to Achieves Aspirations of GCC Countries and Their Peoples    Plastics in soil threaten food security, health and environment: FAO    Guterres urges greater support for peacekeeping amid mounting threats    Bachelet describes 'disastrous' human rights situation across Occupied Palestinian Territory    Conflict, COVID-19 and climate change have created a perfect storm of challenges: Grandi    Countries with regulations against industrial trans fats tripled in a year    The Ministry of Defense: Interception, Destruction of a Hostile Air Target Towards The Western Region    GACA's Al-Duailej meets Director General of ACI for the Asia Pacific region    Aramco and Larsen & Toubro to collaborate on manufacturing sector development    Aramco announces $15.5 billion landmark gas pipeline deal with global consortium led by BlackRock    Bilateral ACE exercise maneuvers between RSADF and US Air Force begins    Lt. Gen. Al-Ruwaili receives Iraq's Lt. Gen. Salih    Dr. Al-Awwad, Strong discuss issues in field of human rights    Shoura speaker receives head of US Mission to Saudi Arabia    Al-Attiyah, Aalvarez go head-to-head for FIA World Cup glory in Saudi desert    SABIC signs MoU to study new petrochemical project in Oman    New Zealander wins Tuwaiq International Sculpture 2021 top prize    MDLBEAST announces hottest line up at SOUNDSTORM 21    David Gulpilil: Profound legacy of a trailblazing Aboriginal actor    Saudi Embassy in Paris clarifies that what was reported in media about arrest of Saudi citizen suspected in the case of citizen Jamal Khashoggi is incorrect, calls for his immediate release    Winners of "Tuwaiq International Sculpture Symposium 2021" Announced    Saudi Stock Exchange Main Index Ends Trading Higher at 11,108.20 Points    UAE Government Announces Four and Half Day Working Week, Weekend on Saturday, Sunday as of 01 January, 2022    S.Korea Records 4,954 New Cases of COVID-19    Saudi and Omani Companies Sign 13 MoUs Related to Joint Work in Promising Economic Sectors    Arab Parliament Condemns Terrorist Houthi Militia's Targeting of the Cities of Riyadh and Khamis Mushait with Ballistic Missiles    Saudi Export Development Authority Organizes Saudi Trade Mission to USA    Saudi Stock Exchange Main Index Ends Trading Lower at 11021 Points    Saudi and GCC entrants set to dominate motorcycle and quad battles in Hail    Saline Water Conversion Corporation Shares its Initiatives in Realizing Saudi Green Goals in London Forum    World Directs Attention to Final Round of FIA Cross Country Rally World Cup in Hail    UAE condemns terrorist Houthi militia attempt to target Saudi Arabia with drones    Lewis Hamilton wins thrilling Saudi Arabian Grand Prix    Crown Prince attends inaugural Saudi Arabian Grand Prix    Deputy Governor of Hail: Hail International Rally is a practical translation of the wise leadership's support    Hail International Rally to Kick off Tomorrow    Briton Lewis Hamilton Dominates 1st Session of Testing Before Official Launch of Formula 1 STC Saudi Arabian Grand Prix 2021 Sunday    BIENALSUR Exhibition Arrives in Jeddah at Historic Site of Qasr Khuzam    Saudi Hind Al-Showaier Elected Regional Director of World Federation of the Deaf    Saudi Film Commission launch its strategy to develop film and cinema sector    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



A leap in entertainment
Published in Alriyadh on 09 - 04 - 2017

In line with the developmental objectives of the Saudi Vision 2030, Saudi Arabia is set to build the largest cultural, sports and entertainment city of its kind in the Kingdom. The project seeks to attract domestic and foreign investors specialized in the recreational sector. It will cater to people of different age groups and interests, and create thousands of job opportunities.
The project's fundamental objective is to bring benefits to citizens, irrespective of the volume of investments or profits. The Public Investment Fund (PIF), which is spearheading the project, undertakes diversified projects that bring lasting rewards to citizens.
To be built in Al-Qidiya, southwest of Riyadh, the city will be a strong reason for the millions who go abroad in search of leisure, to remain in the Kingdom for their entertainment needs. This means the economic drain caused by the outflow of tourists from the Kingdom could well be curtailed.
According to the announced plan, the project will include facilities to host grand international sports events. Here again, sports enthusiasts will be able to attend their favorite games rather than go abroad to watch them.
The project is an important step in the many development strides the Kingdom is taking. It reflects the seriousness of the authorities in managing the PIF, diversifying its vast investment portfolio.
The benefits from the project might still be a few years away. But it sets the basis for more such projects in the future that serve the interests of the nation, built on strong public-private sector partnerships.


Clic here to read the story from its source.