The Saudi Entertainment Ventures Company, a wholly owned subsidiary of the Public Investment Fund, announced Wednesday that Riyadh will witness the launch of its first entertainment destination, reported the Saudi Press Agency.
The first entertainment complex, covering an area of 100,000 square meters, will be located on the Eastern Ring Road at the intersection with King Abdullah Road.
The complex was designed according to latest modern methods and will include a variety of entertainment facilities selected to suit the aspirations of citizens and visitors.
The Chairman of the Board of Directors of Saudi Entertainment Ventures Company, Abdullah bin Nasser Al-Dawoud said that entertainment complex projects will feature open areas equipped for sports activities, entertainment and live shows.
They will include a wide variety of local and international restaurants and cafes, as well as cinemas that are designed to meet international standards.
The Public Investment Fund estimated that the projects will serve more than 50 million visitors a year, provide more than 22,000 direct jobs and contribute 8 billion riyals to the Gross Domestic Product (GDP) by 2030.
