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Reininger added, according to Arab News: “Planning and design were completed in 2018 and will be implemented this year.” Qiddiya is part of Saudi Arabia’s Vision 2030 programme to diversify the kingdom’s economy, and Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud oversaw the project’s groundbreaking ceremony on 28 April, 2018.
Located 40km from Riyadh, Qiddiya will be more than twice the size of Walt Disney World Orlando in Florida, US, and will feature a Six Flags-branded theme park, hotels, and amusement and leisure facilities.
Located on Saudi Arabia’s northwestern coast, Amaala will “sit alongside Neom and The Red Sea Project as part of the gigaprojects investment portfolio” that PIF is rolling out to meet the goals of Vision 2030.
TRSDC said its masterplan preserves 75% of the destination’s islands for conservation, and designates nine islands as sites of significant ecological value.
Crown Prince Mohammed bin Salman is backing major developments within Saudi Arabia’s heritage Al-Ula region.
Among the planned projects for the area are the Nouvel-designed Sharaan resort, which will be sculpted in the mountains to blend with its natural habitat, and complete in 2023.
PIF – which is led by Crown Prince Mohammed bin Salman Al-Saud – will provide initial funding for the project, and spearhead its development within the Prince Mohammed bin Salman Natural Reserve.
In September 2018, PIF said that it would offer “attractive partnership and investment packages” for investors to participate in Amaala, described as “a natural extension” of the Mediterranean Sea.