Qiddiya Investment Co. announced the completion of land enabling and mass grading works in the Qiddiya megaproject, according to an announcement on its official Twitter account.
Qiddiya is Saudi Arabia’s future capital of entertainment, sports and arts, officially listed in May 2018 as an independent company under the name “Qiddiya Investment Co.”, wholly owned by the Public Investment Fund (PIF) and is subject to Saudi laws, Argaam reported.
The project is an hour’s drive from King Khalid International Airport and 40 minutes from the center of Riyadh, with an area of 334 square kilometers. The vision of the project is to make Qiddiya the destination of entertainment in the Kingdom, and a complex for activities, discovery and participation, to tap into the promising opportunities provided by the local market.
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