US theme park giant Six Flags to invest in Saudi Arabia
Providing the space for entertainment and promoting culture is featured prominently in Saudi Arabia’s vision for the future
The world's largest amusement park corporation Six Flags is set to open up investments in Saudi Arabia following a meeting between its CEO and Saudi Deputy Crown Prince Mohammed bin Salman.
In a statement to Al Arabiya News Channel, Chief Executive Officer and President at Six Flags Entertainment Corporation John M. Duffey said the company was proud to enter this agreement to provide entertainment facilities” for the kingdom.
In his statement, Duffey also emphasized the importance of bringing entertainment facilities to citizens as part of Saudi Arabia’s Vision 2030.
“We share Saudi Arabia’s vision to bringing entertainment to the country. We share the same vision with Saudi Deputy Crown Prince Mohammed bin Salman and are prepared to providing multiple options in a bid to translate that vision into reality,” he added.
Providing a space for entertainment and promoting culture is featured prominently in Saudi Arabia’s vision for the future that was announced in April.
Under the vision, Saudi Arabia has said it is planning to provide “land suitable for cultural and entertainment projects. Talented writers, authors and directors will be supported.”
Prince Mohammed in Salman is currently visiting the US where he met with American officials last week including US President Barack Obama. He's currently meeting with technology giants in Silicon Valley in talks about further investments.
Saudi opens retail sector to more foreign investmentThe cabinet approved rules for foreign companies to invest in the wholesale and retail trade sector with 100 percent ownership Economy
Saudi cabinet approves land tax, foreign investment rulesMeasure aims to help resolve a shortage of affordable housing in Saudi Arabia by putting more unused land on the market so it can be acquired Property
Saudi Aramco ‘keen to invest’ in global upstream after IPOAramco and subsidiaries own or have an equity interest in over 5 million barrels per day of refining capacity Energy
Saudi’s massive Uber investment: What the analysts thinkFor the ride-hailing app, Saudi’s cash injection represents a major corporate coup Economy