Qiddiya project master plan to be finalised by end of 1Q19
CEO of Qiddiya Investment Company. Michael Reininger, said KSA’s multi-billion dollar project is all set to finalise its masterplan by the end of 1Q19. QIC, which is driving the project, is a closed joint-stock company wholly owned by Saudi sovereign wealth fund Public Investment Fund (PIF). The mega entertainment project, which broke ground on a 334 square-kilometre site, 40km away from downtown Riyadh, in April last year, is expected to open its first phase in 2022. Reininger said “Qiddiya will be an integrated destination forming the capital of entertainment, sports, culture and the arts in the Kingdom. It will be a catalyst for national transformation creating a richer life for Saudi citizens while spurring innovation in the creative, hospitality and entertainment sectors.”
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