Abdullah Al-Dawood is the managing director of Qiddiya Investment Company and chairman of Saudi Entertainment Ventures (SEVEN).
Qiddiya Investment Company is a fully owned subsidiary of the Saudi Public Investment Fund (PIF), the nation’s sovereign wealth fund. The PIF is one of the primary vehicles driving Vision 2030, which encompasses significant investments in initiatives to boost economic growth, generate employment, and foster the development of new industries.
Qiddiya aims to create a comprehensive entertainment city with sports, entertainment, arts, and cultural attractions. Spanning roughly 366 square kilometres, this development is set to feature a variety of attractions. By addressing the needs of local Saudis and an international audience, Qiddiya aspires to become a prominent global tourism hub. The project will include a Six Flags theme park, sports facilities, galleries, theatres, and cultural spaces. It will also offer hiking, camping, and outdoor adventure activities, appealing to eco-tourism and adventure-seeking tourists.
Qiddiya will drive Saudi Arabia’s non-oil economy, generating thousands of jobs, attracting millions of tourists, and boosting the entertainment and hospitality sectors. It will enhance the quality of life for residents by offering new recreational options and fostering cultural exchange. Aligned with Vision 2030, QIC commits to sustainable Qiddiya development, integrating eco-friendly infrastructure, water conservation, and green building standards to minimise environmental impact.
Like Qiddiya, SEVEN is a wholly-owned subsidiary of Saudi’s Public Investment Fund. Whereas Qiddiya will develop a vast single site outside Riyadh, SEVEN is charged with delivering 20 entertainment destinations and 50 cinemas nationwide.
Abdullah Al-Dawood is also a board member and managing director of Seera Group, Saudi Arabia’s leading travel and tourism company. He has over a decade of experience in investment banking, including executive positions at Deutsche Bank in the Middle East and North Africa. He also previously served on the board of directors at Tadawul, the Saudi Stock Exchange.