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Saudi Arabia seeks investors for $135m Ferris wheel in Medina

Summary by AGBI
Kingdom pushes for private capital Focus on pilgrims and domestic travel Wants attractions beyond holy sites Saudi Arabia is seeking private investors for a proposed giant Ferris wheel in Medina, as the kingdom increases its reliance on private capital and sharpens its focus on attractions for pilgrims and domestic travellers. The SAR511 million ($135 million) Hijaz Eye, as it is called in the government’s Invest Saudi platform – a database of 2…
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AGBI broke the news on Monday, July 6, 2026.
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