US theme park Six Flags to invest in Saudi Arabia

US-based Six Flags, the world’s largest theme park corporation, just got a license to invest in Saudi Arabia following a meeting between its CEO and Saudi Deputy Crown Prince Mohammed bin Salman.

“We share Saudi Arabia’s vision to bringing entertainment to the country. We share the same vision with Saudi Deputy Crown Prince Mohammed bin Salman and are prepared to providing multiple options in a bid to translate that vision into reality,” Duffey was quoted as saying by Al Arabiya news.

Six Flags currently operates 18 parks and entertainment centers in North America and has received 29 million visitors in 2015.

Last week, the Saudi cabinet approved rules governing full foreign ownership of retail and wholesale businesses, Argaam earlier reported. US-based Dow Chemical on Thursday became the first foreign firm granted a license to have full ownership in the country's trading sector.

The government also plans to grant licenses to American firms 3M and Pfizer, said minister of commerce Majed bin Abdullah Al-Qasabi. The agreements for 3M and Pfizer are set to be signed during Prince Mohammad’s visit to the United States.

Saudi Arabia’s push for foreign investments falls under its Vision 2030 strategy aimed at diversifying the economy away from oil.