Saudi Arabia to invest €6B in massive French theme park site
The complex will include a manga-themed attraction, as POLITICO reported earlier this month.
Paris — Saudi Arabia plans to invest €6 billion in constructing a sprawling entertainment complex featuring three theme parks near the French capital, according to French President Emmanuel Macron. The agreement, formalized in the Elysée Palace on Monday by President Macron and Saudi Crown Prince Mohammed bin Salman, aims to create a "new global destination" on the former site of Mirapolis, a theme park that closed in 1991.
The ambitious project, which Macron anticipates will generate 22,000 jobs, will also encompass hotels, catering facilities, and housing for young workers and students. Spanning 50,000 square meters, a portion of the development will be dedicated to green spaces aimed at preserving biodiversity. The developers aspire to make the complex an environmentally responsible model and a tourism boon for both the local area and France.
The memorandum of understanding, signed by Economy Minister Roland Lescure and the CEO of Qiddiya Investment Company, a subsidiary of Saudi Arabia's sovereign wealth fund, marks the culmination of several agreements brokered by Paris and Riyadh during the crown prince's recent visit. A precise completion timeline, however, remains undisclosed.
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- Saudi Arabia to invest $6bn in three manga-themed amusement parks near Paris thenationalnews.com
