What do you thing about this project consisting not in a theme park but rather in “an extreme park, an entirely new playground of adventure.”? Saudi Arabia’s Public Investment Fund (PIF) has revealed its plans for the new park inspired by offshore oil platforms, which will be located in the Arabian Gulf and will be named THE RIG. This project is part of a the wider strategy 2021-2025 that aims at making Saudi Arabia a leading global tourist destination, providing promising development opportunities to achieve economic diversification in line with the Saudi Vision 2030 objectives.
THE RIG project will span an area of more than 150,000 square meters and provide a multitude of hospitality offerings, adventures, and aquatic sporting experiences. It is part of PIF’s strategy to further strengthen Saudi Arabia’s international entertainment and tourism offering.
This project is a unique tourism attraction, expected to attract tourists from around the world while being especially popular with citizens and residents of the GCC countries in the region, the PIF said. It will feature a number of touristic attractions, including three hotels, world-class restaurants, helipads, and a range of adventurous activities, including extreme sports.
Public Investment Fund
PIF is one of the largest sovereign wealth funds in the world, seeking to drive the economic transformation of Saudi Arabia for the benefit of its people while helping shape the future global economy. The organisation is building a portfolio through investments in attractive, long-term opportunities across diverse industries and asset classes internationally, while unlocking new sectors at home. These include the recent acquisition of Premier League football club, Newcastle United.