Six Flags Takes a Big Step into the Middle East

Bold Move Beyond North America

Six Flags is set to open its first international park in Saudi Arabia on December 31. The new park, Six Flags Qiddiya City, will be located in the Tuwaiq Mountains near Riyadh.

Key Features:

• Over 24 rides
• Falcons Flight: Claimed to be the tallest and fastest roller coaster in the world
• Adult tickets starting at around $87

Ambitious Project Amidst Challenges

This expansion follows a tough year for Six Flags, with its stock value dropping nearly 70%. The new park is part of the Qiddiya City project, an entertainment and sports complex under construction.

Qiddiya City Highlights:

• Expected to grow to more than three times the size of Paris
• Backed by the Public Investment Fund through Qiddiya Investment Co.
• Total project value: nearly $22 billion

Vision 2030: Diversifying Saudi Arabia's Economy

Qiddiya City is a key project under Saudi Arabia's Vision 2030 plan, aimed at diversifying the country's economy. Other projects include Neom and The Line.

Future Plans:

• Aquarabia: A water park
• New stadium: For the 2034 FIFA World Cup

Analysts' Hopeful Outlook

Despite recent struggles, analysts are optimistic about Six Flags' future.

Stock Insights:

• Moderate Buy consensus rating
• Average stock price target: $27.27
• Potential 86.78% upside from the current price

The success of this new venture and its impact on Six Flags' future remains to be seen.