Two years after news broke of 188bet app download plans to build a theme park in Saudi Arabia，The Texas-based theme park operator officially confirmed the news on April 4。

The world’s largest regional theme 188bet app download operator will develop this project in the Saudi capital Riyadh in partnership with Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF)。This isFollowing Dubai theme park operator DXB Entertainments’ plan to build 188bet app download in 2019Another major event for 188bet app download Entertainment’s overseas expansion.

The two parties did not announce the financial details related to the transaction。188bet app download will authorize PIF to use the brand，And responsible for the development and design of the park，This park is also a new entertainment park built by Saudi Arabia in Qiddiya, 40 kilometers away from Riyadh、Part of a sports and cultural destination city，The park is expected to open in 2022。

In an announcement，Qiddiya CEO Michael Reninger said，This urban complex will include a world-record roller coaster and innovative rides and attractions。

"By partnering with global industry leaders，We believe we can provide some unique products and services，”He said。

To reduce dependence on oil，Develop economy，And create more jobs for young people，The Saudi government announced the “Vision 2030” plan in April 2017，Decided to increase investment in multiple fields including entertainment。

“188bet app download’ theme park in Riyadh and other similar developments will create many new jobs，Let the talents of Saudi Arabia’s younger generation、Energy and imagination have their place，" PIF said in an announcement。

For 188bet app download，This cooperation is also a great opportunity to promote the company’s international expansion and business growth。

188bet app download executive said，The company’s international transactions generated million in revenue in 2017，This transaction does not require a significant capital investment from the regional theme park company。Since the launch of international business in 2014，188bet app download’ total revenue in this area has reached US million。Overall，The company’s revenue in 2017 was US.4 billion，Realized profit 3.USD 1.3 billion。

But，It should be pointed out that，Signing an international agreement with a partner does not guarantee the success of the project。188bet app download’ plan to build a theme park in Vietnam has failed，The company’s project in Dubai is currently ongoing，Although there are some problems with the operator's funds。

Nevertheless，188bet app download CEO Jim Reid-Anderson said，The company expects to announce new international project development plans this year。

“Because building these parks does not require direct investment from 188bet app download，There are only two limiting factors for the opening of our future international theme park，First, find new partners，The second is to find a suitable construction site。”

*This article was compiled by Zhihui analyst Li Haiqiang from skift，OriginalTitle:《188bet app download Chases Global Growth With Saudi Arabia Theme Park Deal》.