PIF's SEVEN breaks ground on SAR 1.3 bln entertainment project in Madinah

31/07/2023 ِArgaam
Logo ofSaudi Entertainment Ventures -SEVEN

Logo of Saudi Entertainment Ventures - SEVEN


Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), announced starting construction work on its new entertainment destination in Madinah, at a cost of SAR 1.3 billion.
 

Construction is underway on site, in cooperation with BUJV, a joint venture by Al Bawani Co. Ltd. and UrbaCon Trading & Contracting that was appointed to carry out the construction works, according to a statement today, July 31.

 

SEVEN’s entertainment destination, located next to Madinah-based King Fahad Central Park that will intertwine with the new project to share common open spaces, will cover a development area of over 100,000 square meters (sqm), with a total built-up area of more than 84,000 sqm.

 

Visitors seeking fun-filled family immersive experiences can choose from world-class rides installed across a 4,000-sqm family entertainment center, the statement added.

 

SEVEN is investing more than SAR 50 billion in establishing and operating 21 fully-fledged entertainment destinations, comprising more than 150 recreational areas across 14 of the Kingdom’s cities, according to Argaam's data.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.