Triple Five eyes 'world's largest' shopping and entertainment complex in Saudi deal | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Profiles   Magazine   Handbook   Advertise  
NEWS
Triple Five eyes 'world's largest' shopping and entertainment complex in Saudi deal
POSTED 11 Nov 2019 . BY Andy Knaggs
The agreement between Al Akaria Saudi Real Estate Company and Arabian Dream will see the development of a US$5bn shopping and entertainment complex near Riyadh Credit: Al Akaria Saudi Real Estate Company
Arabian Dream Saudi Arabia, a subsidiary of Triple Five Worldwide, which owns the three largest shopping and entertainment centres in North America, is to help develop what is being described as the world's largest such complex in Riyadh, Saudi Arabia.

Situated within seven million square metres (23 million square feet) at the Al-Wedyan site, which is owned by the Al Akaria Saudi Real Estate Company, the US$5bn (€4.5bn, £3.87bn) project will include amusement and water parks, sports and leisure facilities and shopping and dining locations. It will also be equipped with AI technology to enhance the visitor experience.

The first phase of the project is due to launch in the first half of 2020.

Kelvin Kwok, CEO of Saudi Real Estate Company, commented: "Al-Wedyan is the largest real estate development in the Al Akaria portfolio, and our collaboration with Arabian Dream in a world-class project such as the new shopping and entertainment destination will add value to residents, visitors and tourists."

Triple Five Worldwide owns Mall of America and American Dream in the US, and West Edmonton Mall in Canada, which at 5.3 million square feet (1.6 million square metres) is currently the largest shopping and entertainment complex in the world. Its attractions include an indoor amusement park, rollercoaster, lake, and permanent bungee tower, as well as more than 800 stores, and 100 dining venues.

Jason Lucas, vice president of Triple Five and CEO of Arabian Dream, said the Al-Wedyan complex would have "many elements from other successful tourism destinations". He added: "In this global destination, guests will feel in a safe indoor environment in one place under one roof."
RELATED STORIES
Triple Five submits plans for American Dream Miami with major leisure complex


International developer Triple Five has moved a step closer to realising its vision of creating North America’s largest mega-mall after submitting a planning document to Miami-Dade County.
MORE NEWS
V&A launches digital database for cultural heritage preservation projects
The Victoria and Albert Museum (V&A) is demonstrating its commitment to protecting the world's cultural heritage and supporting communities that suffer cultural loss, through the launch of a new Culture in Crisis Portal.
Star Wars: Rise of the Resistance opens at Disney World
Star Wars: Rise of the Resistance has opened at Disney's Hollywood Studios in Orlando, Florida.
Disney's first Mickey Mouse ride gets 2020 opening date
Disney has announced an opening date for Mickey & Minnie's Runaway Railway at its Hollywood Studios park, with the new attraction set to debut on 4 March 2020.
Astronaut Tim Peake calls for more investment in science
British astronaut Tim Peake has urged the UK government to invest more in science, education and research and development.
+ More news   
LATEST JOBS
Front Office Clerk
Gardaland Resort
Salary: Competitive
Job location: Castelnuovo del Garda, VR, Italy
Education Specialist
Sea Life
Salary: Competitive
Job location: East Rutherford, NJ, USA
Attractions Assistant Manager
Legoland
Salary: Competitive
Job location: Goshen, NY, USA
Admissions Assistant Manager
Legoland
Salary: Competitive
Job location: Goshen, NY, USA
HR Manager
Madame Tussauds
Salary: Competitive
Job location: Tokyo, Japan
Operations Manager
Madame Tussauds
Salary: Competitive
Job location: Hollywood, Los Angeles, CA, USA
+ More jobs  

COMPANY PROFILES
iPlayCo

iPlayCo was established in 1999. iPlayCo Corporation Ltd is the owner and key stakeholder. [more...]
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
FEATURED SUPPLIER

ProSlide appoints Chantal Theoret as director of global marketing
ProSlide Technology has appointed Chantal Theoret as its new director of global marketing. [more...]
VIDEO GALLERY

Red Raion - Trailer Peter Pan - Saving Tinkerbell VR
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
Experience the experience – Polin Waterparks & Pool Systems
Trailer Aladdin - The Bachelor Party VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

14 Jan 2020

BALPPA Annual General Meeting

ExCel, London, United Kingdom
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2019 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

27 Nov 2019 issue 144


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

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

©Cybertrek 2019
Jobs   News   Products   Magazine
NEWS
Triple Five eyes 'world's largest' shopping and entertainment complex in Saudi deal
POSTED 11 Nov 2019 . BY Andy Knaggs
The agreement between Al Akaria Saudi Real Estate Company and Arabian Dream will see the development of a US$5bn shopping and entertainment complex near Riyadh Credit: Al Akaria Saudi Real Estate Company
Arabian Dream Saudi Arabia, a subsidiary of Triple Five Worldwide, which owns the three largest shopping and entertainment centres in North America, is to help develop what is being described as the world's largest such complex in Riyadh, Saudi Arabia.

Situated within seven million square metres (23 million square feet) at the Al-Wedyan site, which is owned by the Al Akaria Saudi Real Estate Company, the US$5bn (€4.5bn, £3.87bn) project will include amusement and water parks, sports and leisure facilities and shopping and dining locations. It will also be equipped with AI technology to enhance the visitor experience.

The first phase of the project is due to launch in the first half of 2020.

Kelvin Kwok, CEO of Saudi Real Estate Company, commented: "Al-Wedyan is the largest real estate development in the Al Akaria portfolio, and our collaboration with Arabian Dream in a world-class project such as the new shopping and entertainment destination will add value to residents, visitors and tourists."

Triple Five Worldwide owns Mall of America and American Dream in the US, and West Edmonton Mall in Canada, which at 5.3 million square feet (1.6 million square metres) is currently the largest shopping and entertainment complex in the world. Its attractions include an indoor amusement park, rollercoaster, lake, and permanent bungee tower, as well as more than 800 stores, and 100 dining venues.

Jason Lucas, vice president of Triple Five and CEO of Arabian Dream, said the Al-Wedyan complex would have "many elements from other successful tourism destinations". He added: "In this global destination, guests will feel in a safe indoor environment in one place under one roof."
RELATED STORIES
Triple Five submits plans for American Dream Miami with major leisure complex


International developer Triple Five has moved a step closer to realising its vision of creating North America’s largest mega-mall after submitting a planning document to Miami-Dade County.
MORE NEWS
V&A launches digital database for cultural heritage preservation projects
The Victoria and Albert Museum (V&A) is demonstrating its commitment to protecting the world's cultural heritage and supporting communities that suffer cultural loss, through the launch of a new Culture in Crisis Portal.
Star Wars: Rise of the Resistance opens at Disney World
Star Wars: Rise of the Resistance has opened at Disney's Hollywood Studios in Orlando, Florida.
Disney's first Mickey Mouse ride gets 2020 opening date
Disney has announced an opening date for Mickey & Minnie's Runaway Railway at its Hollywood Studios park, with the new attraction set to debut on 4 March 2020.
Astronaut Tim Peake calls for more investment in science
British astronaut Tim Peake has urged the UK government to invest more in science, education and research and development.
Government support signals green light for South Korean theme park plan
The long-proposed US$3.8bn (€3.4bn, £2.9bn) theme park at Hwaseong, 45km (30mi) from South Korea's capital Seoul, looks set to definitely go ahead, after the country's finance minister pledged the government's support.
Hong Kong protests force closure of Museum of Art shortly after grand reopening
Having only reopened on Saturday 30 November after a closure of more than four years, the Hong Kong Museum of Art (HKMoA) quickly found itself at the centre of ongoing political protests in the territory at the weekend, forcing it to close almost immediately.
+ More news   
 
COMPANY PROFILES
iPlayCo

iPlayCo was established in 1999. iPlayCo Corporation Ltd is the owner and key stakeholder. [more...]
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
FEATURED SUPPLIER

ProSlide appoints Chantal Theoret as director of global marketing
ProSlide Technology has appointed Chantal Theoret as its new director of global marketing. [more...]
VIDEO GALLERY

Red Raion - Trailer Peter Pan - Saving Tinkerbell VR
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
Experience the experience – Polin Waterparks & Pool Systems
Trailer Aladdin - The Bachelor Party VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

14 Jan 2020

BALPPA Annual General Meeting

ExCel, London, United Kingdom
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS