US$131 million Riyadh Shooting Range & Entertainment Complex to create more than 2,300 jobs and attract 400,000 visitors annually
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) — has announced the development of its first flagship project, the Riyadh Shooting Range & Entertainment Complex. Representing an investment of over SAR 491 million (US$131 million), the project marks a significant step in strengthening the Kingdom’s growing sports, culture, tourism, and entertainment sectors.
The announcement took place during the inaugural TOURISE Summit in Riyadh, the world’s leading platform dedicated to shaping the future of global tourism.
Located just 40 minutes from Riyadh, the advanced Riyadh Shooting Range & Entertainment Complex will be situated within Qiddiya City — the global destination dedicated to the Power of Play. Spanning 457,000 square metres, the development will include a world-class shooting sports facility compliant with International Shooting Sport Federation (ISSF) standards. It will host major international and domestic competitions, offering training facilities and commercial ranges for pistol, rifle, and shotgun disciplines.
The venue has been designed to accommodate international events such as the Asian Games, World Cups, Grand Prix, and Olympic qualifiers, with full backing from the Saudi Shooting Federation (SSF). The adjoining Entertainment Complex will feature a variety of recreational experiences, including paintball, airsoft, laser tag, and virtual shooting arenas, catering to families, corporate groups, and enthusiasts. The project is expected to generate more than 2,300 jobs and draw upwards of 400,000 visitors annually.
EIF’s Chief Executive Officer, Mr. 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 the Kingdom’s events infrastructure, stimulate investment opportunities, and contribute to achieving the goals of Saudi Arabia’s Vision 2030.”
Muhannad AlDawood, Chief Strategy Officer for Qiddiya Investment Company also commented: “We’re delighted to welcome the Events Investment Fund and the Riyadh Shooting Range to Qiddiya City. As we embark on our journey to host a range of world-class sporting facilities, accessible to members of the public, enthusiasts and high performing athletes alike, this dedicated facility and entertainment complex is the latest exciting addition to the world’s first city built for play.”
EIF has confirmed that additional projects will be announced early next year in other Saudi cities, reinforcing its long-term mission to develop sustainable event infrastructure that enhances quality of life, drives economic diversification, and positions the Kingdom as a premier international destination for leisure and sport.