Saudi Arabia is talking to investors from the Middle East and the rest of the world to join fund the development of a mega city of entertainment and sports, as part of the Kingdom’s strategy to diversify its economy away from oil. According to the head of Qiddiya Investment—a company backed by the Saudi sovereign wealth fund, the Public Investment Fund (PIF), Qiddiya is looking to sign joint venture deals and is also exploring privatization and land leasing to fund the new ambitious project of OPEC’s largest producer and the world’s…
