World Bulletin / News Desk
Saudi Arabia's King Salman has launched construction of an "entertainment city" near Riyadh, part of a series of multi-billion dollar projects aimed at helping the oil-dependent kingdom diversify its economy.
Authorities have touted the 334-square kilometre (130 square mile) project in Qiddiya, southwest of the capital, as the kingdom's answer to Disneyland.
Its first phase, which includes high-end theme parks, motor sport facilities and a safari area, is expected to be completed in 2022, officials say.
They hope the park will draw in foreign investment and attract 17 million visitors by 2030.
The kingdom this month hosted its first public film screening in over 35 years, having lifted a decades-long ban on cinemas last year.
In February, Saudi Arabia's General Entertainment Authority said it would stage more than 5,000 festivals and concerts in 2018, double last year's figure, and pump $64 billion (53 billion euros) into the sector in the coming decade.
Saudis currently splurge billions of dollars annually to see films and visit amusement parks in neighbouring tourist hubs like Dubai and Bahrain.
The kingdom has also sought to court investors with three hi-tech "giga projects", funded in part by its sovereign wealth fund.
Aside from Qiddiya, the kingdom has unveiled blueprints for NEOM and a reef-fringed resort destination on the Red Sea.
Skeptics have questioned the viability of the projects, worth hundreds of billions of dollars, in an era of cheap oil.Last Mod: 29 Nisan 2018, 11:14