EconomyLens.com
No Result
View All Result
Monday, August 24, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Saudi Arabia to invest $7 bn in theme parks near Paris

Emma Reilly by Emma Reilly
August 24, 2026
in Other
Reading Time: 7 mins read
A A
0
19
SHARES
237
VIEWS
Share on FacebookShare on Twitter

Saudi Arabia's Crown Prince Mohammed bin Salman made a rare overseas trip to France to meet President Emmanuel Macron. ©AFP

Paris (France) (AFP) – France and Saudi Arabia on Monday signed a memorandum of understanding for a six-billion-euro ($7-billion) Saudi investment to create three theme parks near Paris, including one expected to be manga-themed, the office of the French president said. The agreement for the “colossal” project was signed during a two-day visit to France by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, said President Emmanuel Macron’s office. The investment will see the construction of three theme parks near Cergy-Pontoise, around 30 kilometres (20 miles) northwest of Paris, it said.

Related

Oil prices fall as Bessent outlines new steps to punish Iran

US vows ‘economic asphyxiation’ of Iran with new sanctions

Stocks, oil slip ahead of US threat of economic war against Iran

Millions of Teslas recalled in China over door handle safety

Hyundai union back in wage talks after rare full-day strike

Macron on X hailed the “unprecedented announcement,” saying the attractions would be a “new global destination.” The project will be led by investment firm Qiddiya, a subsidiary of Saudi Arabia’s sovereign wealth fund. The parks are expected to create 22,000 direct jobs, compared with around 20,000 generated by Disneyland Paris, according to the presidency. The project “stemmed from a discussion between the president of the republic and the crown prince in December 2024” in Riyadh, where they discovered their “shared passion” for manga, “and in particular Dragon Ball Z,” an adviser to Macron told reporters.

Reports had emerged over the summer of plans for a park dedicated to the iconic Japanese franchise in the Val-d’Oise region, though no official confirmation was given. Macron’s office confirmed that one park is expected to be manga-themed. The themes of the other two have yet to be disclosed. The parks will be built and opened in stages, with construction expected to take several years, Macron’s office said, without giving an opening date. Asked about entrusting such a project to Riyadh despite criticism of its human rights record, his office said: “At no point, when we attract a project, do we seek to lecture others.”

The presidency said two other contracts were signed with French companies during the Saudi prince’s visit: one for the marine logistics company CMA CGM to help develop Saudi Arabia’s Jeddah Islamic Port on the Red Sea, for $434 million; and the other with rail transport group Alstom to supply metro carriages for Riyadh’s metro, for $580 million.

– ‘Provocation’ –

The trip marks a rare foreign visit for the crown prince, with Paris emphasising that he seldom leaves his home country other than for international summits. It was his first such trip in almost a year. On Sunday, Macron hosted the Saudi crown prince at the Esports World Cup, while Monday’s talks were also expected to focus on strategic issues, including events in the Middle East.

But the Saudi leader’s visit has sparked fierce criticism in France. Three journalists’ unions protested Paris’s decision to host him, pointing to a live French investigation into allegations of torture and forced disappearance following a complaint lodged in 2021 over the killing of journalist Jamal Khashoggi. Khashoggi, a Saudi with US residency who was a critic of the Saudi ruling family, was murdered in Saudi Arabia’s consulate in Istanbul in 2018. His body, cut up, was never recovered.

US intelligence concluded Mohammed bin Salman was directly involved in Khashoggi’s killing, and a UN investigation described the journalist’s death as an “extrajudicial killing for which Saudi Arabia is responsible.” In December 2021, Macron became one of the first Western leaders to meet the prince in Saudi Arabia in the wake of the Khashoggi killing. The Saudi crown prince has made multiple visits to France since then.

© 2024 AFP

Tags: investmentSaudi Arabiatheme parks
Share8Tweet5Share1Pin2Send
Previous Post

US vows ‘economic asphyxiation’ of Iran with new sanctions

Next Post

Oil prices fall as Bessent outlines new steps to punish Iran

Emma Reilly

Emma Reilly

Related Posts

Other

Oil falls as Trump pledges economic war on Iran

August 24, 2026
Other

Key facts about Chinese-founded fast-fashion giant Shein

August 24, 2026
Other

Trump admin predicts US trade war ‘devastating’ for Canada

August 24, 2026
Other

Austrian mountain town finds niche in AI boom

August 24, 2026
Other

Blowing in the wind, humble balloon gets green makeover

August 23, 2026
Other

Canada retaliates as trade war with US escalates

August 23, 2026
Next Post

Oil prices fall as Bessent outlines new steps to punish Iran

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Oil prices fall as Bessent outlines new steps to punish Iran

August 24, 2026

Saudi Arabia to invest $7 bn in theme parks near Paris

August 24, 2026

US vows ‘economic asphyxiation’ of Iran with new sanctions

August 24, 2026

Trump says to double tariffs on Canada autos as trade fight heats up

August 24, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.