11/17/2023 0 Comments Folio society redditQiddiya: Perhaps most obviously aligned with the themed entertainment industry, Qiddiya will have theme parks (Six Flags is already under construction) and waterparks as well as sports and cultural venues. Red Sea: The concept here is luxury and the archipelago along the Red Sea will soon be home to high end resorts and facilities. NEOM: Focused on creating a city of the future, NEOM is perhaps best known for its all-encompassing urban concept called The Line. Though PIF invests in projects and companies around the world, it is primarily recognized for its support on five giga-projects within KSA: The Crown Prince chairs PIF’s board so alignment with his Vision 2030 is essentially guaranteed. According to their own website, the PIF was started in 1971 to help support “companies of foundational importance to the Saudi economy.” In 2015 PIF was “reborn” to help drive implementation of Vision 2030. KSA’s Public Investment Fund (PIF) is infusing Vision 2030 with capital. Importantly, many of the projects have financial backing. While tourism is only one stated part of Vision 2030, many of the identified projects focus on creating an entertainment and cultural identity for the country and as such rely on our industry to help create, plan and execute many of the components. There are three pillars to the Vision 2030 plan: A vibrant society, a thriving economy, and an ambitious nation. If that sounds familiar, it’s the same strategy the United Arab Emirates (UAE) employed several decades ago to some level of success. Crown Prince Mohammed bin Salman’s Vision 2030 is an ambitious plan to wean the country off its dependence on oil revenues and diversify its economy. Additionally, the aisles were bustling with buyers – reportedly mostly from KSA – looking to advance their developments. The trade show floor was full of vendors ready to help build the entertainment business in KSA. Issue 97 Editorial by Martin Palicki, InPark Magazine publisherĪttending the Saudi Entertainment and Attractions Expo this spring in Riyadh it was clear that the industry is invested in the Kingdom of Saudi Arabia (KSA).
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