Saudi’s Qiddiya awards $750m contract to build Middle East’s biggest water park

Qiddiya Investment Company (QIC) announced that it had awarded a SAR2.8bn ($750mn) contract to build Saudi Arabia’s first water theme park. The park will also be the region’s largest. The contract was awarded to ALEC Saudi Arabia Engineering and Contracting and El Seif Engineering Contracting, a joint venture between the two companies. The park is set to cover some 252,000 square metres of land, and will feature 22 rides and attractions. It will be subdivided into nine different zones inspired by native animals that inhabit the area around Qiddiya: the…

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Goldman Sachs to buy The Belfry

Goldman Sachs has become the preferred bidder to buy The Belfry, the world-famous Warwickshire hotel and golf course, for an expected price of around £140m. Goldman Sachs is to become the new owner of The Belfry, one of the world’s best-known golfing resorts. A property fund run by the Wall Street firm has beaten Pimco, one of the world’s largest bond fund managers, to become the preferred bidder for the Warwickshire hotel and golf courses, with a purchase price of about £140 million, according to Sky News. The sale will bring to…

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The Stinger Report LBE VR charts

The Stinger Report on the resurgent LBE VR audience

In The Stinger Report # 1080… This issue covers in detail: [BREAKING NEWS] Exclusive breaking news of the actual revenue generated from the reopening VR amusement business, in this second and final report with a selection of leading providers supplying the reality of these moves. [TRENDING NEWS] Free-Roaming VR’s impact following the lockdown revealed from Zero Latency on their rebound, along with TrueVRSystems, MassVR and Dreamscape Immersion sharing the realities. [TRENDING NEWS] The next big investment, and the return of the player-base to the hyper reality is revealed by Backlight…

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