Qiddiya: A Key Driver for Vision 2030 – Saudi 365 Unveils Phase Two Details

Riyadh, Kingdom of Saudi Arabia – In a strategic move that underscores the Kingdom of Saudi Arabia's unwavering commitment to achieving the ambitious goals of Vision 2030, Qiddiya Investment Company has announced the launch of Phase Two development for the Qiddiya project. This colossal entertainment, sports, and cultural destination is poised to become one of the largest of its kind globally. This phase is expected to significantly accelerate the pace of work in developing a wide array of world-class facilities, firmly positioning Qiddiya at the forefront of global tourism and entertainment destinations.

Qiddiya: A Cornerstone for National Economic Diversification

The Qiddiya project, which enjoys boundless support from the Kingdom's wise leadership, spearheaded by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, may Allah protect them, stands as a living testament to Saudi Arabia's efforts to diversify national income sources and reduce reliance on oil. The project aims to foster a prosperous and sustainable economy that benefits both the nation and its citizens and residents alike.

Qualitative Expansions and World-Class Facilities

• Water Park: Set to be one of the largest water parks in the region, offering unique and innovative experiences suitable for all ages.
• Luxury Wellness Resorts: Designed to provide the highest standards of relaxation and well-being, aligning with the global trend towards health tourism.
• Advanced Sports Facilities: To host major sports tournaments and events, attracting sports enthusiasts from across the globe.
• Cultural and Artistic Zones: To foster cultural exchange and showcase both Saudi and international talent.

The CEO of Qiddiya Investment Company, Mr. Abdullah bin Fahad, affirmed that "work is progressing rapidly and to the highest international standards, with several key facilities slated for opening by 2025. We are committed to delivering unforgettable experiences to our visitors and actively contributing to building a bright future for the Kingdom."

Anticipated Economic and Social Impacts

Phase Two of the Qiddiya project is expected to have profound positive impacts on the national economy and Saudi society:

• Job Creation: The project will generate thousands of direct and indirect job opportunities for Saudi youth across diverse sectors such as hospitality, entertainment, technology, and management.
• Investment Attraction: Qiddiya will attract substantial local and foreign investments, reinforcing the Kingdom's position as an attractive investment hub.
• Tourism Boost: The project is anticipated to draw millions of visitors annually, thereby supporting the tourism sector and contributing to increased non-oil revenues.
• National Capability Development: Qiddiya will provide a fertile environment for developing national competencies through training and employment in modern and advanced fields.

Qiddiya: A Global Destination for Entertainment and Tourism

Qiddiya aspires to become a global icon in entertainment and a must-visit destination. The project's sheer scale and the diversity of its offerings enable it to compete with the world's largest entertainment destinations. It also reflects the Kingdom's commitment to providing high-quality entertainment options for citizens and residents, contributing to an improved quality of life and societal well-being.

Relevant authorities are working in full coordination to ensure the success of this monumental project, which represents a qualitative leap in the comprehensive development journey witnessed by the Kingdom.