Saudi Arabia's Crown Prince named Qiddiya developer chairman
Kingdom's PIF approved the formation of the new board of directors of QIC that is developing the 334km2 Qiddiya
Saudi Arabia’s Crown Prince HRH Mohammed bin Salman bin Abdulaziz Al Saud has become the chairman of the board of directors of Qiddiya Investment Company (QIC), following Public Investment Fund’s (PIF) approval to form the company’s new board.
QIC is the developer of the 334km2 gigaproject Qiddiya, described as the kingdom’s “capital of sports, entertainment, and arts” and located 40km outside Riyadh.
Other members of the newly formed QIC board include, Prince Abdulaziz bin Turki Al-Faisal, Prince Turki bin Hadhloul bin Abdulaziz, Prince Badr bin Abdullah bin Farhan, Majid bin Abdullah Al-Hogail, Ahmed bin Aqeel Al-Khatib, Eng. Ibrahim bin Muhammad Al-Sultan, Fahd bin Abdulmohsen Al-Rasheed, Eng. Faisal Bafart, and Dr. Rakan Al-Harthi.
According to Saudi Arabia’s state-held news agency, SPA, the formation of QIC’s board of directors “comes in line with the project’s future directions”.
The gigaproject has been divided into five development nodes, including Resort Core, City Centre, Eco Core, Motion Core, and a golf and residential neighbourhood, with its masterplan being designed in conjunction with Bjarke Ingles Group, founded by Danish architect Bjarke Ingels.
Qiddiya will also be home to Six Flags Qiddiya, an extension of the American theme park featuring six themed lands that recently announced the appointment of Brian Machamer as park president.