Saudi Arabia’s $9.8B entertainment hub advances toward 2025 launch.
Qiddiya City, Saudi Arabia’s flagship entertainment and cultural mega-project, is making significant strides toward its anticipated 2025 debut. Situated 40 minutes southwest of Riyadh, the 360 km² development is a cornerstone of the Kingdom’s Vision 2030, aiming to diversify the economy and establish a global tourism and entertainment hub.
With over SAR 10 billion ($2.7 billion) in construction contracts awarded, Qiddiya City is poised to host more than 600,000 residents and attract approximately 48 million visitors annually. The project is expected to generate over 325,000 jobs and contribute SAR 135 billion ($36 billion) to the national GDP each year.
Key Project Highlights:
- Six Flags Qiddiya City: Construction is 89% complete. This $1 billion theme park will be the largest Six Flags globally, featuring 28 rides, including Falcon’s Flight—the world’s tallest, longest, and fastest roller coaster.
- Aquarabia Water Park: At 84% completion, this $750 million venture will be Saudi Arabia’s first and the Middle East’s largest water park, boasting 22 rides, nine of which are world-firsts.
- Golf Courses: Currently 77% complete, the golf facilities will span 1.6 million m², equivalent to 215 football fields, with 45% of landscaping finalized.
- Prince Mohammed bin Salman Stadium: Scheduled for completion in 2029, this $1.1 billion stadium will seat 46,000 spectators and feature a retractable roof, pitch, and LED wall, making it the world’s first fully integrated venue of its kind.
- Speed Park Formula 1 Circuit: Construction is underway for this FIA Grade 1 racetrack, with initial contracts valued at $1.9 billion. The circuit is expected to be ready by 2027.
Graphical Timeline:
| Project Component | Start Date | Completion Date | Investment (USD) | Completion Status |
| Six Flags Qiddiya City | Dec 2021 | 2025 | $1.0B | 89% |
| Aquarabia Water Park | Feb 2022 | 2025 | $750M | 84% |
| Golf Courses | 2022 | 2025 | N/A | 77% |
| Prince Mohammed bin Salman Stadium | 2026 | 2029 | $1.1B | Pre-construction |
| Speed Park Formula 1 Circuit | 2023 | 2027 | $1.9B | In progress |
About Qiddiya Investment Company (QIC):
QIC is spearheading the development of Qiddiya City, aligning with Saudi Arabia’s Vision 2030 to create a diversified economy and a global destination for entertainment, sports, and culture.
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