The deal will see Saudi Real Estate Infrastructure Company, a subsidiary of Saudi Real Estate Company (Al Akaria) implement preparatory works for the new Entertainment Complex project.
Saudi Entertainment Ventures (SEVEN) is the execution and investment arm of the Public Investment Fund (PIF) of Saudi Arabia in the entertainment sector. Through its role as an investment, developer and operator of a number of entertainment offerings across the Kingdom, SEVEN intends to become the leader of an entertainment ecosystem in Saudi Arabia, facilitating the presence of international and local brands to unlock the entertainment sector across Saudi Arabia.
Located at Riyadh exit 15, preparatory works will now begin at the new Entertainment Complex project by SEVEN. The deal is valued at SAR 104.67M and will mature following seven and a half months. The Saudi Real Estate Infrastructure Company will be responsible for site preparation, groundworks and excavation and backfilling and levelling.
