Shapoorji Pallonji wins $798mn SEVEN fun park
The Al Hamra leisure project is set to occupy more than 90,000sqm
Shapoorji Pallonji has secured a major contract from Saudi PIF-backed entity Saudi Entertainment Ventures (SEVEN) for the development of the first of 21 fun parks in the kingdom.
As per the SR3bn ($797.7mn) deal, Shapoorji Pallonji will be responsible for the construction and management of the Al Hamra project leisure destination, which will occupy an area of more than 90,000sq. m.
Strategically located at the intersection of the Eastern Ring Road and King Abdullah Road, the property will boast a built-up area of 167,000 sq. m.
The Saudi PIF’s entertainment arm will be spending more than $13bn in creating 21 fun parks across 14 cities in the kingdom, which will in turn create jobs and boost the kingdom’s tourism.
Similar projects will come up in Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al Ahsa, Madinah, Yanbu, Abha, Jazan, Buraidah, and Tabuk.
Abdullah AlDawood, Chairman of SEVEN, commented that: “SEVEN Al Hamra will feature many of the group’s signature entertainment experiences including an indoor hubless wheel, Wave House indoor surfing, a 10-lane bowling alley, indoor skydiving, an indoor karting racetrack, as well as cinemas, restaurants, cafes, international retail stores, and fitness.”
SEVEN has partnered with international design companies including AOA, CallisonRTKL in collaboration with Thinkwell, WME, and Ellis Don to design these Saudi entertainment projects, he added.
On the major project, Shapoorji Pallonji CEO, Mohandass Saini, said: “Through Vision 2030, Saudi Arabia intends to become one of the most desirable places to live and visit in the world. Shapoorji Pallonji is pleased that SEVEN has decided to cooperate with us on this new and ambitious endeavour. This initiative will greatly expand our business portfolio and cement our heritage in Saudi Arabia for future generations.”
