Riyadh: Qiddiya Investment Company today signed a Memorandum of Understanding with the French Government to explore the development of a new entertainment-led, mixed-use destination in France. The MoU was among several agreements and memoranda signed in conjunction with the official visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, to the French Republic.
According to Saudi Press Agency, the MoU marks the beginning of a phase of joint work to define the project's scope, development model and contractual framework, in accordance with the applicable procedures and approvals in France.
The project will build on the capabilities, experience and partnerships that Qiddiya Investment Company is developing from Saudi Arabia. It reflects the Company's evolution as a Saudi national brand contributing to the creation and development of entertainment experiences while expanding its global presence.
Qiddiya City remains the Company's flagship project and the principal reference point for its model. The international project will provide a platform to introduce Qiddiya's Power of Play philosophy, broaden the Company's experience and partnerships, and strengthen the presence of the Saudi model in global markets.