Qiddiya completes Six Flags theme park construction
24 December 2025
Saudi Arabia’s Qiddiya Investment Company (QIC) has announced the completion of construction works on the Six Flags theme park in Qiddiya City.
The announcement was made by Abdullah Al-Dawood, managing director of QIC, at a press conference on Tuesday.
Al-Dawood confirmed that Qiddiya will open its first entertainment asset, Six Flags, on 31 December, describing it as “a major boost for the entertainment sector and a defining milestone in the project’s development”.
He added that Six Flags Qiddiya City will offer visitors the chance to experience record-setting attractions, led by the Falcon Roller, which he said has set three world records as the longest, fastest and highest roller coaster in the world.
Al-Dawood said the opening marks the start of a phased rollout of around 70 assets, to be announced progressively under Qiddiya’s operational plan.
He added that construction is already under way on several additional assets, including Prince Mohammed Bin Salman Stadium, the Performing Arts Centre, the Speed Track, Mercedes-Benz Performance World, golf clubs, and the gaming and esports zone.
Al-Dawood said construction works on the Aquarabia water park are 95% complete.
MEED reported in March that QIC was planning to inaugurate the Six Flags theme park by the end of this year.
In February, QIC officially appointed US-based Six Flags Entertainment Corporation as the operator for the Six Flags theme park and Aquarabia water park.
In December 2021, QIC awarded a SR3.75bn ($1bn) contract to the joint venture of France’s Bouygues Batiment International and the local Saudi Almabani General Contractors to construct the Six Flags theme park at Qiddiya.
The theme park will cover an area of 320,000 square metres and feature 28 rides and attractions, 10 of which will be thrill rides and 18 designed for families and young children.
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The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
The second, TF-15-C2, will deliver stormwater links along Umm Suqeim Road to serve the Al-Barsha and Al-Quoz communities.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
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DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
Bids due on 23 February.
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DP7 assets: 120 five-bedroom villas, 230 seven-bedroom villas, 284 branded residential units and other infrastructural works.
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Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
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In September, MEED reported that Modon Holding had tendered contracts for the infrastructure works for the first phase of the Ras El-Hekma project.
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Last year, Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project.
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Commercial International Bank Egypt (CIB) has provided €58m in credit facilities to local firm Elsewedy Electric for the construction of a combined-cycle gas turbine (CCGT) power plant in Hungary.
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The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.
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Aqaba port handles about 80% of Jordan’s exports and 65% of its imports.
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In 2025, the terminal handled over 5.3 million tonnes of cargo and nearly 85,000 car equivalent units of Ro-Ro imports.
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The announcement followed AD Ports Group’s signing of a shareholders’ agreement in January 2024 between its digital arm, Maqta Gateway, and Jordan’s Aqaba Development Corporation regarding their existing joint-venture company, Maqta Ayla.
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Chinese firm wins Ceer automotive supplier park deal
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Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).
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