PHOTO
Saudi Entertainment Ventures (SEVEN) ), a wholly-owned subsidiary of the Public Investment Fund (PIF), has awarded a 1.39 billion Saudi riyal ($369.57 million) contract to India's Shapoorji Pallonji for the development of Al Hamra entertainment destination in Riyadh, SEVEN said in a tweet.
No construction timelines were shared.
In November 2022, SEVEN, which was set up to invest, develop and operate entertainment infrastructure in the Kingdom, had announced plans to invest SAR 50 billion ($13 billion) in developing 21 integrated entertainment destinations with over 150 innovative attractions across 14 cities across the Kingdom.
The SAR 3 billion ($798 million) Al Hamra will cover more than 90,000 square metres (sqm) with a built-up area of 167,000 sqm, the company had said in a press statement.
The destination will likely attract 6 million visitors annually by providing world-leading entertainment attractions, the statement said.
Also read: India’s Voltas awarded MEP works contract for Qiddiya Water Theme Park
(Writing by D Madhura; Editing by Anoop Menon)
