Riyadh - Mubasher: The Saudi deputy crown prince Mohammed bin Salman has announced the launch of Saudi Arabia’s largest cultural, sports and entertainment city in Al Qidiya, southwest of Riyadh.
The city 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).
The project comes within the framework of plans to support the vision of the Kingdom of Saudi Arabia (KSA) 2030, and it also contributes to diversifying the sources of national income, boosts Saudi economy and creates more job opportunities for young people, the prince told SPA.
The deputy crown prince and chairman of the Public Investment Fund also disclosed that the fund is the main investor in the project, along with a number of local and international investors, which supports the KSA's position as an important international center in attracting foreign investments.
The project’s foundation stone is scheduled to be laid in the beginning of 2018, while the opening of its first phase is expected in 2022, the agency reported.
