Saudi Arabia in Talks With Investors on Mega Entertainment City - Bloomberg:
Saudi Arabia is in talks with regional and global investors for its first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil.
“The project will be built on a combination of our capital that is deployed alongside investment capital from many other sources,” Michael Reininger, chief executive officer of Qiddiya Investment Co., told reporters in Riyadh on Wednesday. “We’re now engaging in these discussions with people who are coming to us and saying this seems interesting.”
The company is looking at options such as joint ventures, land leasing and privatization to fund the project, Reininger said. Funds from investors “will be put alongside our money and we’ll be able to leverage that both on the debt and equity side in order to finance the project.”
No comments:
Post a Comment