LOC02:47
23:47 GMT
RIYADH, April 7 (KUNA) -- Deputy Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, the board chairman of the Public Investment Fund, announced Friday the launch of the largest quality cultural, sports and entertainment city in the Kingdom of Saudi Arabia.
The project, located in Al Qidiya, southwest of Riyadh, is the first of its kind in the world with an area of 334 square kilometers, including a major safari area, according to the Saudi Press Agency (SPA).
This city will become, by God's will, a prominent cultural landmark and an important center for meeting the future generation's recreational, cultural and social needs in the Kingdom, SPA quoted the Deputy Crown Prince as saying in a press release.
This pioneering and most ambitious project in the Kingdom comes within the framework of plans to support the vision of the Kingdom of Saudi Arabia 2030 by creating quality and distinctive investments within the Kingdom that serve the country and the citizens.
It also contributes to diversifying the sources of national income, boosts Saudi economy and creates more job opportunities for young people, he said.
He noted that the Public Investment Fund is the main investor in the project, along with a number of local and international investors, which supports the Kingdom's position as an important international center in attracting foreign investments.
The project, the foundation stone of which is scheduled is to be laid early next year and the opening of its first phase will be in 2022, will make a qualitative leap in the Kingdom and support the country's vision aimed at achieving more prosperity and progress for society and raising the Level of services in the capital Riyadh to become one of the top 100 cities for living in the world.
The project is an important incentive to attract visitors as the capital of future adventures and will be their first and preferred choice for offering a number of carefully chosen and selected activities, designed with the latest international standards to achieve a healthy and harmonious life, and provide more entertainment, joy and fun, he went on.
The project is expected to include the entertainment city of Six Flags as one of the main attractions of the project. (end)
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