Riyadh – Mubasher: The Development and Investment Entertainment Company (DIEC), a wholly-owned subsidiary of the Saudi sovereign investor Public Investment Fund (PIF), has said that it will establish the kingdom’s first recreational project in Riyadh over the coming period.
The 100,000 square-metre entertainment complex will be located in the Eastern Ring Road, according to the Saudi Press Agency (SPA).
The complex will include open areas, sports facilities, recreational and artistic shows, restaurants, local and global cafes, and cinemas, Abdullah bin Nasser Al Dawood. chairman of DIEC, said.
Potential investments in the entertainment sector are expected to boost the Saudi gross domestic product (GDP).
The investment cost of the new recreational project was not disclosed.
