Real Estate Seven awards $346m contract for new entertainment venue By Pramod Kumar December 18, 2024, 12:18 PM Seven Developer Seven says the Jazan venue will feature several attractions, including an indoor golf course Saudi Arabian developer Seven is investing SAR1.3 billion ($346 million) to develop a new entertainment destination in the Jazan region. The development has been awarded to Riyadh-based Alfanar Projects. Located adjacent to the North Corniche Park along Jazan’s waterfront, it will span more than 60,000 sq m, with 73,000 sq m of built-up space. Designed by global architecture company Gensler, the project is inspired by the region’s natural features. It incorporates elements of the Red Sea coastline, rugged mountains, and jasmine flowers. The venue will feature several attractions, including an indoor golf course, thrill rides, a cinema complex, and a Hot Wheels-themed electric karting track. It will also host an indoor adventure centre operated by Discovery Adventures. Private money leading charge in Saudi construction industry Seven plans entertainment sites in remote parts of Saudi Arabia Saudi Arabia pins branding hopes on Riyadh Air launch In January, it announced plans to open the first of 21 destinations next year as part of its mandate to build entertainment complexes in remote corners of the country. Seven is a subsidiary of Qiddiya Investment Company, wholly owned by the Public Investment Fund. It is investing more than $13 billion to build 21 entertainment destinations in 14 cities around the Kingdom. Riyadh will also host its own dedicated entertainment and sports giga-project, Qiddiya City, valued at $9.8 billion.
Mining Ma’aden signs $1bn contracts to develop industrial cities Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 3 hours ago
Tax $660m a year ‘sin tax’ target set by Kuwait Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 4 hours ago
Transport Tenders issued for high speed Abu Dhabi-Dubai rail link Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […] 5 hours ago
EXCLUSIVE Aviation Wizz Air increases flights from UAE to Israel after ceasefire The budget carrier Wizz Air is increasing the number of flights between Abu Dhabi and Tel Aviv after the ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service to four flights a week because of the conflict, down from its pre-crisis schedule of two flights a day. […] 5 hours ago
