Saudi Entertainment Ventures (Seven) has started building its SAR 1.1 billion ($293 million) entertainment destination on Al Nawras Island in Yanbu.
The new attraction is designed by architecture firm Gensler and is inspired by water, as well as the beach and sea.
“Our entertainment destination in Yanbu will provide residents and visitors with a wealth of new and exciting experiences while supporting the city’s rapidly developing entertainment sector,” said Abdullah Al-Dawood, chairman of Seven.
“Seven’s entertainment destination is inspired by Yanbu’s beautiful natural seascape, embodying the city’s the rich history as one of the oldest ports in the kingdom.”
Seven investing $13bn in FECs
Seven Yanbu will be an immersive carnival-themed family entertainment centre (FEC) with world-class rides, a Clip ‘n Climb facility with 30 climbing challenges, a junior FEC, and a state-of-the-art cinema.
It will also include a futuristic 10-lane bowling experience, an adventure golf course, and a variety of local and international retail and dining experiences.
Seven has awarded the construction contract to the joint venture Albawani and UCC Saudi. “Seven’s investment will support Yanbu’s growing population to meet its entertainment needs,” said Fakher Al Shawaf, chairman and group CEO of Albawani.
“We are delighted to spread joy in Yanbu through our partnership with Seven,” added Ramez Al-Khayyat, president of UCC Saudi.
Seven, a subsidiary of Saudi Arabia‘s Public Investment Fund (PIF), is investing more than SAR 50bn ($13bn) in 21 entertainment destinations in 14 cities across the kingdom.
The upcoming projects are located in Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al Ahsa, Al-Madinah, Yanbu, Abha, Jazan, Buraidah, and Tabuk.
Earlier this year, the company started constructing its SAR 1.3bn ($347m) attraction in Al-Madinah and the SAR 1bn ($266m) venue in Tabuk.
Since 2016, Saudi Arabia has awarded construction contracts with a total value of $250bn, and launched around $1.25 trillion worth of real estate and infrastructure projects since 2016, according to a new report.
Images courtesy of Seven
