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France and Saudi Arabia signed a Memorandum of Understanding (MoU) during Crown Prince Mohammed bin Salman's two-day visit to Paris for a €6 billion ($7 billion) Saudi investment to build three theme parks near Cergy-Pontoise, around 30 kilometers northwest of the capital Paris.

France and Saudi Arabia signed a Memorandum of Understanding (MoU) during Crown Prince Mohammed bin Salman's two-day visit to Paris for a €6 billion ($7 billion) Saudi investment to build three theme parks near Cergy-Pontoise, around 30 kilometers northwest of the capital Paris.

The project will be led by Qiddiya, a subsidiary of Saudi Arabia's sovereign wealth fund, and is expected to create roughly 22,000 direct jobs — comparable to the approximately 20,000 jobs supported by Disneyland Paris.

The project will be led by Qiddiya, a subsidiary of Saudi Arabia's sovereign wealth fund, and is expected to create roughly 22,000 direct jobs — comparable to the approximately 20,000 jobs supported by Disneyland Paris.

The plan originated from a December 2024 meeting between Macron and the crown prince in Riyadh, where an adviser said the two leaders discovered a "shared passion" for manga, "and in particular Dragon Ball Z."

The plan originated from a December 2024 meeting between Macron and the crown prince in Riyadh, where an adviser said the two leaders discovered a "shared passion" for manga, "and in particular Dragon Ball Z."

The three parks will be built in stages over several years on the former site of Mirapolis, a partly Saudi-financed theme park that opened in 1987 and closed in 1991 after drawing far fewer visitors than projected.

The three parks will be built in stages over several years on the former site of Mirapolis, a partly Saudi-financed theme park that opened in 1987 and closed in 1991 after drawing far fewer visitors than projected.

Alongside the theme park deal, France and Saudi Arabia signed contracts with marine logistics firm CMA CGM, for $434 million, to develop Jeddah Islamic Port and with rail group Alstom, for $580 million, to supply Riyadh metro carriages.

Alongside the theme park deal, France and Saudi Arabia signed contracts with marine logistics firm CMA CGM, for $434 million, to develop Jeddah Islamic Port and with rail group Alstom, for $580 million, to supply Riyadh metro carriages.

Three French journalists' unions protested <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2023/french-pres-macron-hosts-saudi-crown-prince-bin-salman">the crown prince's visit</a>, citing a live French investigation into torture and forced disappearance allegations linked to the 2018 killing of journalist Jamal Khashoggi in Saudi Arabia's Istanbul consulate.

Three French journalists' unions protested the crown prince's visit, citing a live French investigation into torture and forced disappearance allegations linked to the 2018 killing of journalist Jamal Khashoggi in Saudi Arabia's Istanbul consulate.

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France and Saudi Arabia signed an MoU during Crown Prince Mohammed bin Salman's two-day visit to Paris for a €6 billion ($7 billion) Saudi investment to build three theme parks near Cergy-Pontoise, around 30 kilometers northwest of capital Paris.

France and Saudi Arabia signed an MoU during Crown Prince Mohammed bin Salman's two-day visit to Paris for a €6 billion ($7 billion) Saudi investment to build three theme parks near Cergy-Pontoise, around 30 kilometers northwest of capital Paris.

Alongside the theme park deal, France and Saudi Arabia signed contracts with marine logistics firm CMA CGM to develop Jeddah Islamic Port for $434 million and with rail group Alstom to supply Riyadh metro carriages for $580 million.

Alongside the theme park deal, France and Saudi Arabia signed contracts with marine logistics firm CMA CGM to develop Jeddah Islamic Port for $434 million and with rail group Alstom to supply Riyadh metro carriages for $580 million.

This $7 billion Saudi investment in three theme parks near Paris is a massive win for France, bringing 22,000 jobs to Cergy-Pontoise. Nothing at this scale has happened since Disneyland Paris opened, and a Dragon Ball-themed park is exactly the kind of bold, ambitious project France needs. This is what smart economic diplomacy looks like.

This $7 billion Saudi investment in three theme parks near Paris is a massive win for France, bringing 22,000 jobs to Cergy-Pontoise. Nothing at this scale has happened since Disneyland Paris opened, and a Dragon Ball-themed park is exactly the kind of bold, ambitious project France needs. This is what smart economic diplomacy looks like.

Valérie Pécresse

Emmanuel Macron

Saudi Arabia already tried this exact play in Cergy-Pontoise — Mirapolis opened in 1987 and went bankrupt within four years. Qiddiya doesn't have 6 billion euros on hand and would need to borrow at high interest rates for a venture with zero proven profitability. Signed agreements and press announcements aren't shovels in the ground.

Saudi Arabia already tried this exact play in Cergy-Pontoise — Mirapolis opened in 1987 and went bankrupt within four years. Qiddiya doesn't have 6 billion euros on hand and would need to borrow at high interest rates for a venture with zero proven profitability. Signed agreements and press announcements aren't shovels in the ground.

Aakash Gupta

MENA Unleashed

There is a 75% chance Saudi Arabia will normalize relations with Israel by 2031 if Iran gets a nuclear bomb by then, according to the Metaculus prediction community.

There is a 75% chance Saudi Arabia will normalize relations with Israel by 2031 if Iran gets a nuclear bomb by then, according to the Metaculus prediction community.

Nathan Laine/Bloomberg/Getty Images

Saudi Arabia to Build $7 Billion Theme Parks Near Paris

Nathan Laine/Bloomberg/Getty Images

Saudi Arabia to Build $7 Billion Theme Parks Near Paris

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France

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This $7 billion Saudi investment in three theme parks near Paris is a massive win for France, bringing 22,000 jobs to Cergy-Pontoise. Nothing at this scale has happened since Disneyland Paris opened, and a Dragon Ball-themed park is exactly the kind of bold, ambitious project France needs.

This $7 billion Saudi investment in three theme parks near Paris is a massive win for France, bringing 22,000 jobs to Cergy-Pontoise. Nothing at this scale has happened since Disneyland Paris opened, and a Dragon Ball-themed park is exactly the kind of bold, ambitious project France needs.

Saudi Arabia already tried this exact play in Cergy-Pontoise — Mirapolis opened in 1987 and went bankrupt within four years. Qiddiya doesn't have €6 billion on hand, and would need to borrow at high interest rates for a venture with zero proven profitability. Beyond that, even signed agreements and press announcements aren't shovels in the ground.

Saudi Arabia already tried this exact play in Cergy-Pontoise — Mirapolis opened in 1987 and went bankrupt within four years. Qiddiya doesn't have €6 billion on hand, and would need to borrow at high interest rates for a venture with zero proven profitability. Beyond that, even signed agreements and press announcements aren't shovels in the ground.

This development is an insult to French journalists. Saudi Arabia is yet to account for the death of Jamal Khashoggi and no amount of smart economic diplomacy can excuse doing business with. a regime that will kill in order to censor press freedom.

This development is an insult to French journalists. Saudi Arabia is yet to account for the death of Jamal Khashoggi and no amount of smart economic diplomacy can excuse doing business with. a regime that will kill in order to censor press freedom.

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