Saudi Arabia’s General Investment Fund signed a contract with the world renowned Six Flags to design and develop amusement parks in the kingdom, the first of which is expected to open in 2020 in Riyadh.
The announcement comes within the framework of the kingdom’s Vision 2030 which aims to enhance Saudi Arabia’s entertainment sector and diversify its economy. This will be the first Six Flags to open in the kingdom and is expected to create many jobs for Saudi youth.
The deal will probably include three parks, with the first to open in 2020 or 2021, Executive Chairman Jim Reid-Anderson said.
“We are honored to have this opportunity to bring Six Flags to Saudi Arabia,” said John Duffey, the President and CEO of Six Flags. “We look forward to supporting Saudi Arabia’s efforts to expand tourism by creating new world-class entertainment destinations in the Kingdom.”
In addition to the Riyadh park, others, which each cost between $300 and $500 million to build, are set to be built in Jeddah and at a resort elsewhere on the western Red Sea coast.