Virgin Deal With Saudi Arabia Includes Possible Space Entertainment Center

Richard Branson stands before an artist’s conception of a space entertainment complex that could be built in the Saudi capital of Riyadh. (Credit: ExpovistaTV Screenshot)

RIYADH, October 27, 2017 (CIC PR) – Sir Richard Branson has said that he would not only invest in Saudi Arabia but also partner with the Kingdom on his ambitious space projects, including a space-centric entertainment center that may be built in the capital city of Riyadh.

“It’s an exciting time to invest in Saudi Arabia,” the Virgin Group founder told the closing session of the October 24-26 Future Investment Initiative (FII) summit in Riyadh, hosted by the Saudi Arabian Public Investment Fund (PIF), the country’s main sovereign wealth fund.

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Branson’s Saudi Deals Include Mega City, Spaceflights from Riyadi

Credit: CIC Saudi Arabia

by Douglas Messier
Managing Editor

Saudi Arabia’s non-binding agreement to invest $1 billion in Richard Branson’s three space companies is part of a broader set of ventures that includes Branson’s Virgin Group investing in a new mega city on the Red Sea and suborbital space tourism flights from the Saudi capital.

“Branson has become the first international investor to commit to involvement in the Red Sea Project and nearby Al Ola/Madain Saleh, another prime site for the development of tourism, both domestic and international,” the Saudi government proudly announced on Oct. 1, more than three weeks before the space deal was unveiled.

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