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28-03-23

SEVEN Appoints Egis as Project Management Company for Entertainment Destinations in KSA

(MENAFN) SEVEN, the investment and entertainment execution arm of the Public Investment Fund, has appointed global consulting firm Egis as the project management company for destinations in Northwestern and Southern Provinces in Saudi Arabia, including a recently announced development in Tabuk. Egis will oversee the design of these destinations and overlook all development stages, including the identification of potential specialist partnerships required, as well as the construction and project management services needed. The appointment of Egis is part of SEVEN's commitment to Saudi Vision 2030 and its efforts to develop the entertainment industry in the country.

Egis has been operating in Saudi Arabia for almost 30 years, and is currently working on more than 25 projects spread across the Kingdom, including Riyadh Metro, Green Riyadh, AlUla development, Riyadh Airport, and NEOM. The firm is a leader in its field, with a strong track record of delivering projects to the highest standards. Alaa AbuSiam, CEO of Egis in the Middle East and South Asia, expressed excitement about the project with SEVEN, stating that it is set to change the entertainment industry across the country.

SEVEN is one of the main players in Saudi Arabia's entertainment industry, having made significant efforts directed at developing the ecosystem in line with Vision 2030. The company is planning to invest more than $13.3 billion to build 21 entertainment destinations across the Kingdom. Its most recent project is a $266 million attraction in Tabuk that was announced in January. Abdullah AlDawood, chairman of SEVEN, expressed delight at working with Egis, describing the firm as leaders in their field with a strong track record of delivering projects to the highest standards.

The appointment of Egis as project management company is expected to contribute to the development of world-class entertainment destinations in Saudi Arabia, which will elevate the quality of life for the people of the Kingdom by providing unrivaled experiences. Egis and SEVEN share a common objective of contributing to the improvement of the sector and the quality of life of the Kingdom's population. Egis' involvement in the project with SEVEN is expected to enhance the quality of design and construction of the entertainment destinations, while also identifying potential specialist partnerships required to achieve the shared vision of elevating the quality of life for the people of Saudi Arabia.

In conclusion, the appointment of Egis as project management company for entertainment destinations in Saudi Arabia is a positive development for SEVEN and the entertainment industry in the Kingdom. The appointment of a firm with a strong track record of delivering projects to the highest standards is expected to contribute to the development of world-class entertainment destinations that will elevate the quality of life for the people of Saudi Arabia. The partnership between Egis and SEVEN is expected to facilitate the realization of their shared vision of providing unrivaled experiences at world-class entertainment destinations across the Kingdom.
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