PIF-backed Qiddiya explores French entertainment destination with government

Qiddiya Investment Company signed a memorandum of understanding with the French Government to explore a new entertainment-led, mixed-use destination in France. The company said the agreement was among several signed during Saudi Crown Prince and Prime Minister Mohammed bin Salman’s official visit to France. The MoU begins joint work to define the project’s scope, development model and contractual framework, subject to applicable French procedures and approvals. Qiddiya said the project would build on capabilities, experience and partnerships developed from Saudi Arabia, where Qiddiya City remains its flagship project.