[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 17 sources · 3 days · First seen · Last updated

Saudi-French theme park development project

Overview

France and Saudi Arabia have entered a memorandum of understanding to develop a massive theme park complex near Paris in the Cergy-Pontoise area. The project, situated on the former site of Mirapolis, involves an estimated 6 billion euro investment from the Qiddiya Investment Company, a subsidiary of the Saudi Public Investment Fund.

The development is expected to include three theme parks, with one potentially themed around the ‘Dragon Ball’ franchise. Beyond entertainment, the plan encompasses hotels, restaurants, housing for students and young workers, and 50,000 square meters of green space. The project is projected to create approximately 22,000 direct jobs.

While the announcement was made during an official visit by Saudi Crown Prince Mohammed bin Salman, the project faces several uncertainties. Initial reports noted that the agreement is a protocol of understanding rather than a finalized contract, and necessary licensing from Japanese rights holders has not yet been secured. Additionally, critics have raised concerns regarding the absence of a detailed business plan, construction permits, or a specific timeline, noting that the projected employment figures are comparable to those of Disneyland Paris.

Entities

Emmanuel Macron · Cergy-Pontoise · Qiddiya Investment Company · France · Saudi Arabia

Timeline

  1. 14 days ago

    [BUSINESS] 5 sources
    Saudi Arabia to invest 6 billion euros in French theme park project

    Saudi Arabia plans to invest 6 billion euros to build three theme parks in Cergy-Pontoise, France, potentially creating 22,000 jobs and featuring anime-themed attractions.

  2. 16 days ago

    [BUSINESS] 13 sources
    France and Saudi Arabia agree to 6 billion euro theme park project

    France and Saudi Arabia have agreed to a 6 billion euro project to build three theme parks near Paris, including a Dragon Ball-themed park, expected to create 22,000 jobs.

Sources

961today.com · actu.fr · complex.com · dreuz.info · gamerclick.it · geeksandgamers.com · global.liputan6.com · ibtimes.co.uk · juste-milieu.fr · la-croix.com · mensajero.com.ar · nachrichten.fr · parc-loisir.fr · parksmania.it · publicsenat.fr · staradvertiser.com · turismodebolsillo.com.ar