DUBAI: As Saudi Arabia enters another busy event season, including grand city-based celebrations in Riyadh and Diriyah, a host of new entertainment ventures powered by new technology are opening up in the Kingdom.
The latest move came in October when the Kingdom announced it was investing $55 million in HyperSpace, a three-year-old Saudi startup that designs digital theme parks within shopping centers.
The funding came from Riyadh Season, a government-backed entertainment initiative under the Public Investment Fund, which provided most of the debt and equity raised by HyperSpace.
The…
