Saudi Arabia is considering a stake in Six Flags Entertainment Corp., America’s biggest regional theme park operator, reports Bloomberg.
The country’s Public Investment Fund is reported by Bloomberg to be holding informal talks with the Texas-based company.
Insiders said that no deal had been reached and Reuter reports that a spokesperson for the fund said the rumours were “baseless”.
Six Flags has $1.3 billion in revenue and 18 parks across the U.S., Mexico and Canada. Last year, Chairman, James Reid-Anderson, confirmed the company was eyeing potential park locations in Saudi Arabia including Riyadh, Jeddah and Red Sea resort.
Saudi is looking to transform its entertainment offering as part of the country’s Vision 2030 mission to reduce its reliance on oil.
DEAL Live by blooloop 2017