Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target | Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target |

Qiddiya

Saudi Arabia's entertainment, sports, and cultural mega-destination under development southwest of Riyadh, spanning 366 square kilometres.

Qiddiya — Encyclopedia | Saudi Vision 2030

Definition

Qiddiya is a PIF-backed entertainment, sports, and cultural gigaproject under construction approximately 45 kilometres southwest of Riyadh, designed to become the Kingdom’s capital of entertainment and a top global destination for recreation and leisure.

Overview

Unveiled in April 2018, Qiddiya spans approximately 366 square kilometres on the edge of the Tuwaiq Escarpment, an area roughly the size of Las Vegas. The project is structured around five pillars: Parks and Attractions, Sports and Wellness, Nature and Environment, Arts and Culture, and Community and Residential. At its heart is Six Flags Qiddiya, which is planned to feature the world’s tallest, longest, and fastest roller coaster.

Qiddiya is developed by the Qiddiya Investment Company (QIC), a PIF portfolio company, and is positioned as the primary entertainment destination for Riyadh’s rapidly growing population of over 8 million people. Beyond theme parks, the masterplan includes a speed park with a motorsport circuit, a water park, performance venues, a golf course, and a nature preserve along the escarpment edge.

The project reflects a fundamental shift in Saudi social policy, which has progressively relaxed restrictions on entertainment, mixed-gender events, cinemas, and live performances since 2016. Qiddiya represents the physical infrastructure required to support this cultural transformation, providing Saudi families with domestic leisure options that previously required travel abroad.

Key Facts

FactDetail
AnnouncedApril 2018
Location45 km southwest of Riyadh
Area~366 km²
DeveloperQiddiya Investment Company (QIC)
OwnerPublic Investment Fund
Pillars5 (Parks, Sports, Nature, Arts, Community)
Flagship AttractionSix Flags Qiddiya
MotorsportSpeed Park and racing circuit
Target AudienceRiyadh residents and regional visitors

Role in Vision 2030

Qiddiya is a direct expression of Vision 2030’s Quality of Life pillar, which aims to create a vibrant, fulfilling lifestyle for Saudi citizens that reduces the estimated USD 20 billion spent annually by Saudis on entertainment and leisure travel abroad. By building world-class attractions within the Kingdom, the project aims to capture a significant portion of this spending domestically while generating tens of thousands of jobs.

The project also supports Vision 2030’s sports ambitions, with facilities designed to host international competitions and develop Saudi athletic talent. Qiddiya’s blend of entertainment, culture, and residential development reflects the Vision’s integrated approach to building complete communities rather than isolated attractions.