The board of directors at Al Qiddiya Investment Company has announced the unveiling of “Aquaribia” today, marking the opening of the Kingdom’s first-of-its-kind water amusement park, also the largest in the region. Situated in the heart of Al Qiddiya city, “Aquaribia” complements the existing “Six Flags Al Qiddiya.” “Aquaribia” stands out as the Kingdom’s first…
NEOM has recently finalized a credit facilities agreement worth 10 billion SAR to address its short-term financing necessities, coinciding with significant advancements in its primary projects’ development momentum. Structured on a Murabaha model, this credit arrangement aims to bolster the progress stages of NEOM’s flagship projects, including “The Line,” “Oxagon,” “Turogina,” and “Sandalah.” NEOM’s CEO,…
Neom, Saudi Arabia’s visionary project, adjusts the scale of its futuristic city, The Line, reflecting a strategic pivot towards sustainability and quality. While initially envisioned to accommodate 1.5 million residents by 2030, The Line is now poised to become a vibrant hub for an estimated 300,000 inhabitants, aligning with Saudi Arabia’s commitment to long-term success….