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FinancialNews


  • 25-07-19

    Mega entertainment, sports city to be introduced in KSA

    (MENAFN) Qiddiya Investment Company (QIC) in Saudi Arabia is planning to seize investment potentials in order to establish the first ever entertainment and sports city.

    CEO of QIC Michael Reininger stated: "the project will be built on a combination of our capital that is deployed alongside investment capital from many other sources."

    Qiddiya is a mega project that is expected to achieve economic diversification as well as improving the lifestyle of people of Saudi Arabia in line with the Vision 2030.

    Reininger affirmed that financing from investors "will be put alongside our money and we'll be able to leverage both on the debt and equity side in order to finance the project."

    MENAFN2507201900450000ID1098801816

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