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Six Flags confirms Saudi Arabia plans for 2022
POSTED 05 Apr 2018 . BY Tom Anstey
Six Flags has confirmed long-awaited plans for its first Saudi Arabian venture, announcing plans to open a park as part of the kingdom’s new entertainment destination in Qiddiya by 2022.

It was revealed in June 2016 that Six Flags was focusing its expansion efforts outside of the US, eyeing Saudi Arabia as a potential location along with projects in Dubai, Vietnam and China.

In February last year, Saudi Arabia’s Public Investment Fund (PIF) – a company set up to manage the country’s sovereign wealth and facilitate development of its national economy – was reported to be interested in a deal with Six Flags.

Worth US$2tn (€1.87tn, £1.59tn) PIF has announced plans to develop the Six Flags-branded park under a franchise agreement, with the operator working alongside PIF to design and construct the visitor attraction, which will be part of Qiddiya – Saudi Arabia’s first entertainment, sports and cultural destination.

"Innovation is synonymous with the Six Flags brand, and our international licensing business provides a unique opportunity to continue our strong global growth," said David McKillips, president of the Six Flags International Development Company.

"We see great potential in the Saudi Arabian market and look forward to collaborating with the PIF to create a world-class entertainment destination for young people living in Saudi Arabia."

Part of Saudi Arabia’s Vision 2030 plan – which like much of the Middle East is aiming to reduce reliance on oil – includes a relaxation of the rules on its entertainment sector in an area which traditionally has been ultra-conservative, with particularly harsh laws in relation to women. By 2030, Saudi Arabia wants to have more than 450 clubs providing a variety of cultural activities and events, with the aim of doubling household spending on recreation to 6 percent.

"The entertainment sector has an important role to play in the transformation of Saudi Arabia’s economy," said the PIF.

"The Six Flags theme park and other similar developments will create new employment opportunities and harness the talent, energy and imagination of Saudi youth. Our investment in this sector is in line with our mission and delivers on a key element of Vision 2030."
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NEWS
Six Flags confirms Saudi Arabia plans for 2022
POSTED 05 Apr 2018 . BY Tom Anstey
Six Flags has confirmed long-awaited plans for its first Saudi Arabian venture, announcing plans to open a park as part of the kingdom’s new entertainment destination in Qiddiya by 2022.

It was revealed in June 2016 that Six Flags was focusing its expansion efforts outside of the US, eyeing Saudi Arabia as a potential location along with projects in Dubai, Vietnam and China.

In February last year, Saudi Arabia’s Public Investment Fund (PIF) – a company set up to manage the country’s sovereign wealth and facilitate development of its national economy – was reported to be interested in a deal with Six Flags.

Worth US$2tn (€1.87tn, £1.59tn) PIF has announced plans to develop the Six Flags-branded park under a franchise agreement, with the operator working alongside PIF to design and construct the visitor attraction, which will be part of Qiddiya – Saudi Arabia’s first entertainment, sports and cultural destination.

"Innovation is synonymous with the Six Flags brand, and our international licensing business provides a unique opportunity to continue our strong global growth," said David McKillips, president of the Six Flags International Development Company.

"We see great potential in the Saudi Arabian market and look forward to collaborating with the PIF to create a world-class entertainment destination for young people living in Saudi Arabia."

Part of Saudi Arabia’s Vision 2030 plan – which like much of the Middle East is aiming to reduce reliance on oil – includes a relaxation of the rules on its entertainment sector in an area which traditionally has been ultra-conservative, with particularly harsh laws in relation to women. By 2030, Saudi Arabia wants to have more than 450 clubs providing a variety of cultural activities and events, with the aim of doubling household spending on recreation to 6 percent.

"The entertainment sector has an important role to play in the transformation of Saudi Arabia’s economy," said the PIF.

"The Six Flags theme park and other similar developments will create new employment opportunities and harness the talent, energy and imagination of Saudi youth. Our investment in this sector is in line with our mission and delivers on a key element of Vision 2030."
RELATED STORIES
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Six Flags is planning to increase its attractions portfolio in 2018, with the operator revealing discussions with a number of potential new partners as its waterpark acquisition strategy starts to build steam.
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Six Flags Great Adventure in New Jersey, US, will be the world’s first theme park to go solar, after it reached an agreement with local groups over the game-changing plans.
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Chinese real-estate developer Riverside Group has appointed Don Potts as vice president of resort, park and entertainment business operations.
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Comcast potentially hijacking Disney's Fox deal with new bid
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LATEST JOBS
Visitor Experience Manager
Tate
Salary: £27,769 per annum (inclusive of a £2,500 per annum MRA)
Job location: London, UK
Event Sales Manager
Madame Tussauds
Salary: Competitive
Job location: Hollywood, Los Angeles, CA, USA
Project Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
Operations Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Columbus, OH, USA
Aquarist
Sea Life
Salary: Competitive
Job location: Dallas, TX, USA
SEA LIFE Grounds Team Lead
Sea Life
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Job location: California, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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