Tag Archives: Events Investment Fund

The Events Investment Fund (EIF) launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) announced the formation of a strategic joint venture with Legends Global, the world’s leading operator of event and sports venues. This partnership marks a pivotal step in Saudi Arabia’s journey to become a global destination for world-class events, entertainment and business gatherings. The Events Investment Fund (EIF) is mandated to build, own and operate permanent, world-class event venues across Saudi Arabia. EIF’s mission is to transform the Kingdom’s events ecosystem by replacing temporary structures with sustainable, future-ready arenas, exhibition centers, cultural venues and entertainment facilities. Through strategic partnerships and investments, EIF is shaping the future of Saudi Arabia’s events industry and supporting the goals of Vision 2030. This announcement, taking place at the Development Finance Conference MOMENTUM 2025, highlights EIF’s pivotal role as the national leader driving the evolution of Saudi Arabia’s events infrastructure. Through high-impact partnerships with specialized developers and global operators, EIF strategically invests in the development of permanent, world-class venues tailored to meet the needs of the Kingdom’s sports, entertainment and cultural sectors. With over 40 years of global experience, Legends Global manages over 450 venues worldwide and serves as the operational partner for some of the world’s most prestigious events, including the FIFA World Cup, Olympic Games, Super Bowl, G7/G20 Summits and ICC tournaments. EIF will set new benchmarks for governance, operational standards and industry leadership, ensuring that Saudi Arabia’s venues meet the highest international standards for experience, safety and commercial performance. Wahdan Suliman Alkadi, CEO of Events Investment Fund, said: “This joint venture with …

The Events Investment Fund (EIF) launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF)  announced the development of the Riyadh Shooting Range & Entertainment Complex, its first landmark project at an investment exceeding SAR 491 million (over US$ 131 million). The announcement was made at the inaugural TOURISE Summit in Riyadh, the world’s premier platform for shaping the future of global tourism. Situated just 40 minutes from Riyadh, the state-of-the-art Riyadh Shooting Range & Entertainment Complex is located within Qiddiya City, the new global destination built entirely around the Power of Play. Located on a 457,000 sqm site, it will feature a world-class Shooting Sport venue that complies with International Shooting Sport Federation (ISSF) standards. It will host international and national events and provide both professional and amateur shooting training facilities, with professional and commercial ranges for pistol, rifle, and shotgun disciplines. The venue is designed with the capability to host national and international shooting events, including Asian Games, World Cups, Grand Prix and Olympic events, and is fully supported by the Saudi Shooting Federation (SSF). The Entertainment Complex will also comprise a wide range of experiences for corporate events and families, including paintball, airsoft, laser tag, and virtual shooting. The facility is anticipated to create more than 2,300 jobs and attract over 400,000 visitors annually. EIF’s Chief Executive Officer, Wahdan Suliman Alkadi said: “The Riyadh Shooting Range marks a major milestone in the journey of the Events Investment Fund and is our first landmark project, built to Qiddiya City’s international standards. This development reflects our commitment to creating world-class venues that enhance …