Skip to content Skip to Search
Skip navigation

Seven launches Formula E branded indoor karting venues

By Pramod Kumar
Formula E
A view of Diriyah Formula E World Championship 2024. The Formula E karting attractions will be built in Riyadh, Jeddah, Dammam and Abha

Saudi Entertainment Ventures (Seven), a wholly owned subsidiary of the Public Investment Fund (PIF), and London-headquartered Formula E will jointly build multiple Formula E-branded indoor karting venues across the kingdom.

The Formula E karting attractions are set to be built at four of Seven entertainment destinations in Riyadh, Jeddah, Dammam and Abha. Each attraction will offer a diverse selection of adult, junior, and dual karts. The tracks will exceed 400 meters in length.

“Our strategic partnership with Formula E to bring never-seen-before Formula E branded racing tracks within our entertainment destinations complements our mission of creating a multiverse of entertainment offerings,” said Abdulla Nasser AlDawood, chairman of Seven.

Seven said last week it will open the first of 21 destinations next year as part of its mandate to build entertainment complexes in remote corners of the country, AGBI reported earlier. It plans to roll them out over the next six years. 

“Our mandate is a pretty diverse one – to bring entertainment to far-flung areas of Saudi Arabia,” Damien Latham, chief attraction officer at Seven said on the sidelines of an IAAPA Middle East Trade Summit in Abu Dhabi. 

“It’s 14 different cities. There are cultural nuances to each of those cities that we need to take on board and reflect in our design thinking,” he added.

Seven is investing more than SAR50 billion ($13.33 billion) to build upcoming projects are located in 14 cities across the kingdom: Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al .Ahsa, Madinah, Yanbu, Abha, Jizan, Buraidah and Tabuk.

Latest articles

Terminal, City, Outdoors

Private sector to propel Sharjah’s economic growth

Global rating agency S&P has affirmed Sharjah’s rating at “BBB-/A-3” and maintained a stable outlook citing strong private-sector activity as a key driver of economic growth. The emirate, one of seven that makes up the UAE, is expected to average 2.8 percent growth between 2024 and 2027, supported by manufacturing, construction, transport, and trade sectors.  […]

The first phase of the luxury residential tower 'DG1' in Dubai, built by Dar Al Arkan's international arm Dar Global, should be completed this year

Dar Al Arkan Q1 profit rises 31% on higher property sales

The net profit of Saudi Arabian real estate company Dar Al Arkan rose 31 percent in the first quarter of 2024 to SAR154 million ($41 million).  The earnings increase was driven by higher property sales, a fall in operating expenses, and higher non-operating income from Islamic deposits. Property sales increase drove revenue higher by 13 […]

Mineral products contributed the highest value at OMR839 million among Oman's non-oil commodity exports, a 143 percent surge year on year

Oman’s trade surplus rises 21% on higher crude exports

Oman’s trade surplus rose 21 percent year on year to OMR1.7 billion ($4.4 billion) by the end of February 2024, according to government data. The total value of merchandise exports reached OMR4.4 billion during the period, a 20 percent increase, compared to OMR3.7 billion a year ago, state-run Oman News Agency reported, citing statistics from the […]

Smasco will offer 120 million shares in its IPO, or a 30 percent stake

Smasco market cap to hit $800m on Saudi listing

Smasco, the Saudi Manpower Solutions Company, has set its final initial public offering (IPO) price at SAR7.50 per share, giving it a market capitalisation of SAR3 billion ($800 million) at listing. The company will offer 120 million shares, or a 30 percent stake, raising SAR900 million from the listing. This month, the indicative price range […]