Six Flags considering investment in Saudi Arabia
Posted
With its oil economy tanking, Saudi Arabia is searching for new ways to make money. Although the country is mostly desert, has a worldwide reputation for its ultra-conservatism and does not issue tourist visas to non-Muslims, the kingdom has settled on tourism as a focus for the future. On Monday, that ambition got a lift when the chief executive of Six Flags Entertainment announced that his company, famed for its chain of theme parks, would be investing in Saudi Arabia.
Read more from The Washington Post.
I think it would be better if they invested in the aging infrastructure of many of their properties in this country before adventuring into the middle east. I said the same thing about the US government, and look how that turned out.
"The term is 'amusement park.' An old Earth name for a place where people could go to see and do all sorts of fascinating things." -Spock, Stardate 3025
I doubt that Six Flags would have an ownership stake in Six Flags Over Saudi Arabia. Most likely a local entity would own it and pay Six Flags a licensing fee, similar to the proposed Six Flags parks in China and Dubai.
bjames said:
I think it would be better if they invested in the aging infrastructure of many of their properties in this country before adventuring into the middle east.
This is a terrible argument for anything, because it's predicated on the assertion that it's a binary decision.
Jeff - Editor - CoasterBuzz.com - My Blog
Jeff said:
This is a terrible argument for anything, because it's predicated on the assertion that it's a binary decision.
Meh it was more joke than argument (I thought I was being clever...too clever I guess...). But if I must argue that point, Six Flags has tried with international properties in the past and they never seemed to get the business model quite right; it's not exactly the same thing as operating parks in the US. They would probably do best sticking with what they know.
"The term is 'amusement park.' An old Earth name for a place where people could go to see and do all sorts of fascinating things." -Spock, Stardate 3025
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