Alwalid Albaltan

Strategic Merger Between Qiddiya and SEVEN: A Major Step Towards Enhancing the Entertainment and Tourism Sector in the Kingdom 🔸️Qiddiya | القدية Investment Company, a major entertainment and cultural destination, has announced a strategic merger with Saudi Entertainment Ventures | SEVEN in a deal worth approximately $10 billion. This merger aims to boost the implementation of the massive "#SixFlags Qiddiya" project, expected to open in 2025. 🔸️Through this merger, both companies will gain shared resources and expertise, contributing to maximum efficiency and effectiveness in executing the project. This collaboration will enable the delivery of integrated and innovative entertainment experiences, enhancing the Kingdom's position as a premier global tourist destination. 🔸️In addition, #SEVEN's integration with #Qiddiya will support the group’s objectives in developing the concept of entertainment, nurturing local talent, and enhancing the quality of life across Saudi Arabia. SEVEN aims to redefine entertainment in the #Kingdom by developing and operating 21 entertainment destinations in 14 cities, with investments exceeding 50 billion riyals. 🔸️Abdullah Al Dawood, the Managing Director of #Qiddiya and Chairman of #SEVEN, highlighted that this step is crucial for encouraging all residents to embrace the concept of play and spread joy, positively impacting the community. 🔸️#SEVEN plans to offer diverse options through its entertainment zones and global partnerships with major entertainment creators, such as "#Transformers" and "#PlayDoh" from #Hasbro, "#DiscoveryAdventures" from #WarnerBrothers, "#HotWheels" from #Mattel, "#ClipNClimb," and "#FlowHouse." The company also provides a variety of restaurants and cafes to meet the needs of all visitors. 🔸️This announcement follows the launch of #Qiddiya’s urban plan and global brand, aiming to become the world’s foremost destination for entertainment, sports, and culture, expecting to welcome 48 million visitors annually. 🔸️The Public Investment Fund (PIF) launched #SEVEN in 2017, while Qiddiya is one of its major projects. This strategic direction aligns with PIF's efforts to diversify the local economy and increase non-oil GDP growth in line with #Vision2030. 💡What I admire most about investment leadership in #SaudiArabia is its dynamism, quick seizing of opportunities, and course correction for the better, breaking through bureaucratic inertia and driving towards rapid and efficient accomplishments. #Entertainment #Tourism #Investment #StrategicCollaboration #SustainableDevelopment #Innovation #InvestmentDynamism

١٬١٠٥

٣٣ تعليق

Qiddiya | القدية Investment Co. Announces Formation of Saudi Entertainment Ventures | SEVEN to Drive Saudi Entertainment Industry Qiddiya Investment Co., a company dedicated to developing the entertainment capital of Riyadh, has announced the formation of SEVEN. SEVEN is a new venture that will focus on developing and operating a variety of entertainment experiences in Saudi Arabia. This includes things like theme parks, water parks, and live entertainment venues. At Arab Dreams Business Consultants, we're passionate about helping businesses thrive in the dynamic Saudi market. With extensive experience across various sectors, we offer a comprehensive suite of consultancy services to empower your success. Here's how we can help you: Business Setup & Licensing: Navigate the Saudi business landscape with ease. We guide you through the entire process, ensuring smooth establishment and licensing. IT Solutions: Optimize your operations with cutting-edge IT solutions tailored to your specific needs. Management Consulting: Unlock your full potential with our strategic guidance. We help you develop growth-oriented plans and refine your management practices. Ready to turn your dreams into a thriving reality in Saudi Arabia? Contact us today for a free consultation! 💡ARAB DREAMS MANAGEMENT CONSULTANCY 📞+966 53 352 3131 📞+966 53 352 6262 www.arabdreams.biz [email protected] #SaudiArabia #BusinessConsultancy #BusinessSetup #ITSolutions #ManagementConsulting

١١

#SMC Secures Record Sponsorship Deal with Saudi Arabian Football Federation (SAFF) Football Federation and Leading Financial Institution. SMC proudly announces the culmination of its #efforts in orchestrating the largest sponsorship deal between the Saudi Arabian Football Federation (SAFF) and a prominent financial institution, thanking all involved parties and anticipating further success in delivering commercial value to its partners in the region. Mohamed Al Khereiji Source: Khalid Alkhudair #SMCSportsDeal #SaudiFootballFederation #CommercialPartnerships #ArabNews #ArabTimes #ArabTimesNews

٤

١ تعليق واحد

The largest meetup for sports investors and leaders! The Sport Investment Forum (SIF) will take place in #Riyadh, @SaudiArabia, from April 7-9, 2025. This global event is the ultimate platform for bringing together leaders, investors, and decision-makers to discuss the latest trends and explore $50B+ investment opportunities in sports projects. Key highlights of the forum: ✅ 30 strategic axes, 80 speakers, 20 business sessions, and 15 workshops ✅ Cutting-edge sports innovations from top global companies ✅ Unmatched networking opportunities with over 1,000 senior executives and decision-makers from 60+ countries The forum will address five critical topics: 1️⃣ Sports technology and innovation 2️⃣ Sustainable development in sports 3️⃣ Empowering women in the sports industry 4️⃣ Health and social impact through sports 5️⃣ Global partnerships and economic growth From my observations: Many untapped opportunities remain in key sports sectors, promising significant growth and high returns for investors. #SportsInvestment #SportsInnovation #GlobalPartnerships #SustainableSports #Vision2030 #RiyadhEvents #SaudiSports

١٨٠

٢٣ تعليق

Public Investment Fund (PIF) has been recognized as the world’s most valuable sovereign wealth fund (SWF) brand, according to new data by Brand Finance. With a brand value of $1.1 billion and an A+ brand strength rating, PIF also boasts the sixth highest brand value to assets under management (AuM) ratio, among all asset management firms globally. Brand Finance, the world’s leading independent brand valuation and strategy consultancy, today published the findings of the first-ever global ranking of brand strength and brand value of asset managers and SWFs. The report, announced at the Global Wealth Conference in London, showed that PIF’s brand leads among SWFs, driven by its investment strategy, trust in its name, brand awareness, and for being a catalyst for advancement. Find out more ▶ https://lnkd.in/eCPsxvpG #wealthfund #pif #publicinvestmentfund #vision2030 #ksa #saudiprojects

٧٧

٢ تعليق

#Billion dollars #Film Industry; Vision 2030 targets $24bn #film industry for Saudi #economy Saudi boosting the #film industry The Saudi Cultural Fund signed a preliminary agreement with the MEFIC/ Middle East Financial Investment Company and Roaa Media Ventures to establish the first investment fund in the film sector, worth $100 million. ,,The new fund aims to invest in film sector companies and projects or provide the necessary financing, build a network of entrepreneurs and distribution experts to support companies, while managing investment portfolio risks in the sector, according to the CEO of the الصندوق الثقافي | Cultural Development Fund Fund, Mohammed Bindayel and Board Member Alinma Bank The country hopes to exceed annual box office revenues of one billion dollars, increase local production to 70 films per year, and reach 350 cinemas with 2,500 screens by 2030, with an expected contribution of the industry of about $24 billion to the economy and the addition of more than 30,000 permanent jobs. #economy #film #investment #government #production #bank

٦

With phase two of the sports club's investment and privatization project now underway, Saudi Arabia is making big strides toward its Vision 2030 goals. By privatising key clubs, attracting global and local investors, and enhancing sports infrastructure, this initiative aims to boost the Kingdom’s economy, raise sports standards, and create new community and business opportunities.   Bandar Alhamidani and AlJohara AlRashed share their insights in their article – https://lnkd.in/d36FNAqP    #SaudiSports #Vision2030 #AlTamimi #SportsInvestment

٥٣

KAUST is committed to advancing education, research and innovation in basketball, elevating the profile of sports in Saudi Arabia.​ We are teaming up with the Saudi Basketball Federation to promote social responsibility, youth mentorship and inclusive events, all while transforming the sports landscape.​ This collaboration will include co-hosting annual basketball tournaments, driving mass participation and attracting local and global partnerships.​ #SaudiVision2030 #KAUST

٨٧

٢ تعليق

#ZeeVentures: The Growing Gaming Scene of Saudi Arabia With the Esports World Cup landing in Saudi Arabia, now is the perfect time to explore the country's rapidly growing gaming scene. Saudi Arabia has committed $60 million to the 2024 Esports World Cup and invested over $120 million in development funding. Beyond financial contributions, the competition in Riyadh has drawn diverse audiences, with the League of Legends portion reaching over 1.1 million concurrent viewers, making it one of the top-viewed LoL tournaments of 2024. Ralf Reichert, the former CEO of ESL and founder of SK Gaming, praised Saudi Arabia's efforts, noting, "For the first time, a country is really supporting the sport like it happens in traditional sports." While there was initial skepticism about Saudi Arabia hosting the EWC, several compelling reasons highlight why it's the perfect choice: 1. Young Population That Understands Esports Saudi Arabia has a young population with an average age of 29. The country's youth are avid gamers and viewers, unlike older demographics in other regions that tend to focus on traditional sports. 2. State-of-the-Art Facilities for Large Esports Events Riyadh boasts impressive venues such as the Qiddiya Stadium, stc Arena, and Amazon Arena, all adapted for different game titles. These venues provide state-of-the-art facilities for hosting large-scale esports events. 3. Existing Global Sports Investments Saudi Arabia is already in the global spotlight due to its significant investments in sports like golf and football. The Saudi Pro League, for example, has attracted renowned talents like Cristiano Ronaldo and Neymar. With so much attention on the country, now is the perfect time to elevate esports on this global stage. 4. Leading Esports Organizations Saudi Arabia is home to prominent esports organizations like POWR Esports, founded by Ibraheem Altamimi, which boasts over 5 million YouTube subscribers. Their newly announced PUBG Mobile team, including players like ALHAJE and SAAD, is set to gain significant support. Additionally, Team Falcons, owned by Musaed Al-Dossary, is Saudi Arabia's largest esports organization, featuring major winners Dupreeh and Magisk, alongside Snappi, Maden, and SunPayus from ENCE. They also have strong teams in Call of Duty: Warzone, Fortnite, Overwatch, Rocket League, and Valorant. As the global esports market is projected to exceed $10 billion by 2032, Saudi Arabia is positioning itself as a central hub for esports. With strong organizations, talented players, and enthusiastic viewers, the country is poised to become the epicenter of the esports world. What are your thoughts on Saudi Arabia’s growing influence in the esports industry? Do you think it will sustain this momentum? Let’s discuss! #saudiarabia #saudi #ewc #esports #sports #gaming

٧

🌍 UAE Shines on Global FDI Stage! The UAE has achieved an impressive 8th place on the AT Kearney Global FDI Confidence Index, highlighting its strong appeal to international investors. This ranking is a testament to the nation's investor-friendly policies, economic resilience, and thriving business environment. Congratulations to the UAE for its continued commitment to fostering global investment opportunities! #UAE #FDI #GlobalInvestment #EconomicGrowth #BusinessExcellence Read more

٢٨

🚀 Saudi Arabia Founders Report: A Decade of Success   Saudi Arabia's venture capital ecosystem has soared in recent years, with startups securing groundbreaking funding and shaping the region's innovative landscape. The 10 Years Saudi Arabia Founders Report, sponsored by the Saudi Venture Capital Investment Company (SVC), dives into the profiles of the 400 founders behind the 200 most-funded startups from 2014 to 2023.   Check out the report and discover new entrepreneurial opportunities! 👉 Read the Report: https://lnkd.in/dqFde32t Source: MAGNiTT

٥

Qiddiya - The Future Capital of Entertainment and Sports (3 of 10) 🎡 🎢 Qiddiya: PIF’s Bold Vision for a Global Entertainment Hub Qiddiya is more than just an entertainment project; it is PIF’s ambitious vision to transform Saudi Arabia into a global destination for entertainment, sports, and culture. Located near Riyadh, Qiddiya will be a sprawling complex offering over 300 activities across various sectors, from theme parks and sports facilities to cultural venues and outdoor adventures. 🌍 A New Global Destination Qiddiya is set to rival global entertainment destinations like Orlando and Dubai. By offering unique, world-class experiences, Qiddiya aims to attract millions of visitors from around the world, positioning Saudi Arabia as a leading player in the global entertainment industry. This project is not just about entertainment; it’s about creating a vibrant society where culture, sports, and arts thrive. 🏗️ Infrastructure and Development With investments exceeding SAR 2 billion, Qiddiya is building state-of-the-art infrastructure, including roads, bridges, and transportation systems. The project’s first phase is scheduled to open in 2023, featuring more than 60 projects that will redefine entertainment in the Kingdom. The development will include partnerships with leading global companies to ensure that Qiddiya meets the highest international standards. 🤝 Job Creation and Local Content Qiddiya is not just a destination; it is a catalyst for economic growth. The project is expected to create thousands of jobs, both directly and indirectly, and significantly boost local content. By partnering with local companies, Qiddiya will ensure that the benefits of this mega-project are felt across the Saudi economy, from construction and services to retail and hospitality. 🎯 Key Highlights 1. Over 300 activities in entertainment, sports, and culture. 2. SAR 2 billion investment in world-class infrastructure. 3. Scheduled opening of the first phase in 2023. 4. Significant job creation and local content development. Sea more: https://lnkd.in/defNXBCJ 🔗 This post is part of a series. Visit my LinkedIn profile to explore more about PIF's strategy and impact.

٣

١ تعليق واحد

🌟 Public Investment Fund 2023 Report: A Year of Transformative Achievements 🚀 I'm thrilled to share insights from the Public Investment Fund's (PIF) 2023 Annual Report, which highlights the remarkable achievements and strategic initiatives that are shaping Saudi Arabia’s economic landscape. As a driving force behind Vision 2030, PIF continues to spearhead projects and investments that fuel economic diversification and sustainable growth, both locally and globally. Here are some key takeaways: 🔹 Impressive Growth: PIF’s assets under management (AuM) surged to SAR 2.87 trillion in 2023, marking a 29% increase from 2022. This significant growth underscores PIF's position as one of the world’s largest and most influential sovereign wealth funds. 🔹 Vision Realization Program (VRP) 2021-2025: The VRP focuses on launching and growing domestic sectors, developing transformative giga-projects like NEOM and the Red Sea Project, and expanding PIF’s international investment portfolio. These efforts are central to advancing Saudi Arabia’s economic transformation. 🔹 Giga-Projects: PIF is at the helm of some of the most ambitious projects in the world, including NEOM, ROSHN, Qiddiya, Red Sea Global, and the Diriyah Project. These initiatives are not only driving economic growth but are also setting new standards in sustainability and innovation. 🔹 Global Impact: Through strategic international investments, such as partnerships with Lucid Motors and Aman, and the launch of Riyadh Air, PIF is positioning Saudi Arabia as a key player on the global stage. Additionally, PIF's green initiatives, including a $5.5 billion green bond issuance, underscore its commitment to sustainability. 🔹 Sustainability: PIF continues to lead in sustainable finance, with initiatives that align with the Saudi Green Initiative and PIF’s Green Finance Framework, ensuring that its investments have a positive environmental impact. This report is a testament to PIF’s pivotal role in achieving Vision 2030, demonstrating how its strategic investments and projects are transforming Saudi Arabia’s economy and creating a prosperous future for the nation and beyond. 📚 Dive into the full report to explore the details of PIF’s achievements and how they are paving the way for a diversified and sustainable economy. #PublicInvestmentFund #SaudiVision2030 #PIF2023 #EconomicDiversification #Sustainability #GlobalInvestment #GigaProjects #SaudiArabia

١٤

25 Companies Compete in Saudi Sports Privatization Drive. Saudi Arabia’s sports privatization drive is gaining momentum, with 25 companies—both local and international—competing to invest in six of the 14 sports clubs up for privatization in the first phase. This initiative, part of the Kingdom's Vision 2030 reforms, is projected to attract investments of up to SR500 million ($133 million). 🔹 Highlights from the Sports Privatization Initiative: Increased Interest: Foreign companies are eyeing Saudi clubs, with announcements expected soon. Global Reach: The Saudi Pro League now broadcasts to over 160 countries, driving a 33% increase in revenue this year. Streamlined Investment: A new platform simplifies licensing for clubs and academies, fostering easier sector entry for businesses and individuals. 🔹 Economic Impact of Saudi Sports: Sports tourism has seen remarkable growth, hosting 80 events in four years and attracting 2.5 million visitors. Events like Formula 1 in Jeddah have generated 20,000+ jobs and significant economic activity. Administrative improvements in the sports sector have cut contract termination penalties from SR616 million to SR30 million, and the workforce has expanded to 5,000 full-time employees, with a target of 130,000 jobs by 2030. 🔹 Broader Vision 2030 Success Stories: Tourism now contributes 5% to GDP, up from 3% in 2018, and is on track to reach 10% by 2030. Domestic travel has surged, with the average number of flights per resident rising to 2.5 per year. Saudi Arabia leads global tourism growth, with a 70% increase in visitor numbers in the first seven months of 2023 compared to 2019. 🔹 Investment Ecosystem Transformation: Saudi Arabia is introducing a new investment system in early 2025, replacing the existing foreign investment framework. This will create a more transparent and inclusive environment, giving equal support to domestic and international investors. 💡 Let’s connect to explore how Saudi Arabia's sports and investment transformation can shape your business opportunities in the Kingdom! #SaudiSports #Privatization #Vision2030 #EconomicDiversification #InvestmentOpportunities #SaudiProLeague #SportsTourism

٤

Riyadh Season is set to allocate sales outlets in key locations this year for productive families and entrepreneurs during major events, according to the Saudi Press Agency. This comes as part of a cooperation agreement signed between the General Entertainment Authority - GEA and the Social Development Bank (SDB), designed to organize the participation of local businesses and provide them with prime sales opportunities throughout Boulevard World. The agreement, signed by GEA Chairman Turki Al-Sheikh and Social Development Bank CEO Sultan bin Abdulaziz Al-Humaidi, aims to empower these groups by offering logistical and organizational support while showcasing Saudi products. This initiative supports the goals of Saudi Vision 2030 by enhancing local content, fostering economic growth, and contributing to the sustainability of the entertainment sector. Source: ARAB news Read more: https://arab.news/63w8c #SaudiArabia #Vision2030 #SaudiTransformation #SaudiDevelopment

٤

Easy Steps To Obtain A Commercial License In Saudi Arabia Discover the easy steps to obtain a commercial license in Saudi Arabia. Learn about the required documents, registration process, fees, and tips for successfully launching your business in the Kingdom. Start your entrepreneurial journey today. Read More: https://lnkd.in/gsVu_mxE #saudibusiness #commerciallicense #saudiarabiabusiness #entrepreneurship #businessinsaudi #saudistartups #licenseprocess #businessregistration #saudientrepreneurs #businessgrowth

١