【where to read my love story with yamada】Saudi PIF entertainment company plans to build leisure complex in Riyadh
DUBAI (Reuters) - Saudi Arabia announced plans on Wednesday to build an entertainment complex in the capital Riyadh,where to read my love story with yamada the latest in a series of state-backed efforts to encourage public leisure activities after decades of tight social restrictions.
The 100,000 square metre complex will be developed by the Saudi Entertainment Ventures Company (SEVEN), a wholly owned subsidiary of the kingdom's sovereign wealth fund, according to a statement carried by state news agency SPA.
The project will feature sports activities, live performances, restaurants and cinemas, it said. It did not specify the value of the investment.
The Public Investment Fund established SEVEN last year with initial funding of 10 billion riyals (£2.1 billion) and hired former Disney executive Bill Ernest to run it.
The company aims to set up about 20 entertainment centres around the country over the next several years, as Saudi Arabia tries to use the leisure sector to create jobs, liberalise social norms and diversify the economy beyond oil exports.
SEVEN has already opened the kingdom's first cinema in nearly four decades, in partnership with U.S. based AMC Group, and hopes to attract private companies to invest alongside it at all of its projects.
Those plans could be complicated by fallout from the murder of journalist Jamal Khashoggi in Saudi Arabia's Istanbul consulate in October, which has led some foreign media and technology companies to distance themselves from the kingdom.
Since the murder, British billionaire Richard Branson has suspended his directorship in two PIF-backed tourism projects along the Red Sea coast. No investors have yet been announced for the ventures.
Hollywood talent agency Endeavor is close to terminating an agreed $400 million investment from PIF over reputational concerns, while Legendary Entertainment said in November it had "no interest" in conducting a proposed transaction with the fund.
However, theme park operator Six Flags is going ahead with plans to open one of its facilities at Qiddiya, a huge resort area the PIF is planning to build outside Riyadh which will also feature water parks, motor sports and cultural events.
(Reporting by Katie Paul; Editing by Jan Harvey)
View comments
(责任编辑:Leisure)
- Crown Castle (CCI) Gains As Market Dips: What You Should Know
- Peak Announces Initiation of Research Coverage by eResearch
- Is It Smart To Buy Garmin Ltd. (NASDAQ:GRMN) Before It Goes Ex-Dividend?
- Eversource (ES) Q3 Earnings Lag, Revenues Beat Estimates
- Knowles (KN) Q1 Earnings Beat Estimates, Revenues Down Y/Y
- Hedge Funds Aren’t Done Buying Tech Data Corp (TECD)
- Arch Coal (ARCH) Down 22.8% Since Last Earnings Report: Can It Rebound?
- JPMorgan (JPM) Signs Deal to Acquire Fintech Start-up 55ip
- CDK Global: Q1 Earnings Insights
- Here's What World Precision Machinery Limited's (SGX:B49) P/E Is Telling Us
- NEWSMAKER-So near yet so far for Malaysia's Anwar
- Ex-Tesla employee agrees to pay $400K over claims he stole trade secrets
- RPT-Iowa's anger over Trump's ethanol policy gives Democrats opening
-
General Electric Stock Falls 3%
General Electric Stock Falls 3%Investing.com - General Electric (NYSE:GE) Stock fell by 3.21% to tra ...[详细] -
Is Ivy Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
Small Cap Growth fund seekers should not consider taking a look at Ivy Small Cap Growth Y (WSCYX) at ...[详细] -
Helius Medical Technologies, Inc. to Present at Upcoming Investor Conferences in November
NEWTOWN, Pa., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq:HSDT) (TSX ...[详细] -
Goodfood’s Strong Growth Continues as Its Active Subscribers Count Increases 33% to Reach 306,000
MONTREAL, Dec. 03, 2020 (GLOBE NEWSWIRE) --Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: ...[详细] -
Time To Worry? Analysts Are Downgrading Their Aubay Société Anonyme (EPA:AUB) Outlook
One thing we could say about the analysts onAubay Société Anonyme(EPA:AUB) - they aren't optimistic, ...[详细] -
Shipping Marketplace uShip Lays Off 65 Employees
Online freight intermediaryuShip Inc.recently laid off a "significant" portion of its headquarters s ...[详细] -
What Is MDU Resources Group's (NYSE:MDU) P/E Ratio After Its Share Price Tanked?
Unfortunately for some shareholders, theMDU Resources Group(NYSE:MDU) share price has dived 32% in t ...[详细] -
Former California pension CIO scrutinized for China ties was highest paid state employee: watchdog
The former chief investment officer of the nation's largest public pension fund whoresignedsuddenly ...[详细] -
IIOT-OXYS, Provides Business Update on COVID-19
CAMBRIDGE, MA / ACCESSWIRE / May 1, 2020 /IIOT-OXYS, Inc. (OTC PINK:ITOX) announced a business updat ...[详细] -
Masco Banks on Repair & Remodeling Business Amid High Costs
Masco Corporation’s MAS shares have improved 7.3% in the past six months compared with the industry’ ...[详细]
Merck (MRK) Stock Moves -0.81%: What You Should Know
SNX or GWRE: Which Is the Better Value Stock Right Now?
- Is Microsoft Corporation (MSFT) A Good Stock To Buy?
- The Global Physiotherapy Equipment Market is expected to grow from USD 14,684.89 Million in 2018 to USD 23,874.40 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.18%
- Chromadex Corp. to Host Earnings Call
- Is Sirius International Insurance (SG) A Good Stock To Buy Now?
- Considerable EBIT improvement in the first two months of 2020
- IRS offers new relief options to help with tax bills during coronavirus pandemic
- Medical Gloves Market Research Report: By Raw Material, Application, Sterility, Type, Distribution Channel, End User - Global Industry Analysis and Growth Forecast to 2030