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  1. Michael is offline themeparX Top Investigator
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    Qiddiya Investment Company (QIC), a global leader in entertainment and the world’s most passionate ambassador for the power of play and Saudi Entertainment Ventures (SEVEN), a wholly owned PIF company mandated to building a sustainable entertainment ecosystem through investing in, developing and operating entertainment destinations across the Kingdom of Saudi Arabia announced today a strategic transfer of ownership, in which Saudi Entertainment Ventures (SEVEN) now becomes wholly owned subsidiary of Qiddiya which in turn remains wholly owned by PIF. SEVEN will remain part of the PIF ecosystem and will continue to deliver on its mandate to develop 21 entertainment projects in 14 cities across Saudi Arabia.

    PIF’s transfer of ownership of Saudi Entertainment Ventures (SEVEN) to Qiddiya Investment Company (QIC) aims to capitalize on business synergies between the two companies, enhance their offerings and support PIF’s wider strategy for the entertainment, leisure and sport sector.

    This transfer brings together two like-minded organizations with a shared mission of bringing play and joy to life, bolstering local talent and capabilities and enhancing the quality of life for people across the Kingdom. It forms a key part of PIF’s wider strategy for the entertainment, leisure, and sports sector to and will support Saudi Arabia’s national tourism strategy. It will also contribute to Vision 2030’s ambitions for a vibrant society, a thriving economy, and an ambitious nation.

    Commenting on this announcement, Abdullah Aldawood, Managing Director of Qiddiya Investment Company and Chairman of SEVEN, stated: "This move will supercharge our ability to facilitate the inclusion of play and joy into people’s lives. By building an unprecedented entertainment ecosystem that diversifies our nation’s economy, we aim to improve the quality of life for visitors and residents alike”.
    Source: https://www.spa.gov.sa/en/N2102232

  2. Michael is offline themeparX Top Investigator
    Join Date
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  3. Michael is offline themeparX Top Investigator
    Join Date
    Mar 2016
    Posts
    6,578


  4. SEVEN Dammam





    Mixed-use project with total budget $ 1.0 bn., incorporating;
    o Large Water Park,
    o 4 star Hotel
    o Snow Park
    o Sports open-air Arena
    o enormous Retail, Dining and Entertainment sector
    o Large Family Entrainment Centre
    o 3 multistory Parking
    o Marina with a Yacht club.
    https://www.linkedin.com/in/emmanouil-manos-fiorakis-a6262733/

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