Saudi Arabia announced plans on Wednesday to build an entertainment complex in the capital Riyadh, the latest in a series of state-backed efforts to encourage public leisure activities after decades of tight social restrictions. The 100,000 square meter complex will be developed by the Saudi Entertainment Ventures Company (SEVEN), a wholly owned subsidiary of the kingdom’s sovereign wealth fund. 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 SAR10bn (USD2.67 bn) and hired former Disney executive Bill Ernest to run it.