Following the signing of a Memorandum of Understanding (MoU) with the Qiddiya Investment Co. (QIC), a wholly-owned subsidiary of Saudi Arabia’s Public Investment Fund, it has been announced that the Samsung Group will become an active partner on the Qiddiya project. Under the MoU, Samsung C&T will collaborate on the design, engineering and construction of Qiddiya’s sports complex. Samsung Electronics will become Qiddiya’s primary technology sponsor while building co-branding and naming rights for some of Qiddiya’s anchor facilities, and other Samsung IT and security affiliates, such as Samsung SDS, will participate in the project as systems providers.
Construction work has not commenced yet on this scheme.
The construction work has still not commenced yet.
March
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2024
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LAST UPDATED
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