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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The Stinger Report: Social Entertainment Goes Golfing – part 2

In The Stinger Report #1072 – This issue covers in detail: Report Skinny 1. Continuing the exclusive review of the impact that mini-golf’s new-found popularity is having on the international social entertainment scene, with revenues exceeding $1billion. 2. Some of the perfusion of the UK’s new social entertainment mini-golf offerings are covered, such as Swingers, Junkyard Golf Club, and Urban Putt. But also, not forgetting the US interest in the growth of social mini-golf, with venues chains such as Putters and Gutters and Urban Putt. 3. This feature also reveals developments…

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Mayfield Park c. Studio Egret West & Factory Fifteen

U+I’s hunt for Mayfield funding goes on

The developer is still looking for lenders to back the first phase offices and car park at the large Manchester project. The developer ……. [has] updated the stock market on the “root and branch review” of the business. Shares in U+I fell 5% on Wednesday morning as it reported a pre-tax loss of £86.7m in the year to April compared to a £58.6m loss the year before. The net asset value of its portfolio fell 30% to £202m. A series of disposals reduced debt to £72.1m, a gearing level of…

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