World
France and Saudi Arabia Finalize Landmark $7 Billion Agreement to Build Triple Theme Park Entertainment Hub Near Paris
Announced during high-level talks between President Emmanuel Macron and Crown Prince Mohammed bin Salman, the Qiddiya-led megaproject will create 22,000 jobs on the scale of Disneyland Paris.
By 19Network Editorial Team · Aug 25, 2026 · 5 min read
France and Saudi Arabia sign a $7 billion deal to build three major theme parks northwest of Paris, creating 22,000 jobs in Europe's largest leisure project.
PARIS — In a major expansion of cross-continental cultural and commercial partnerships, France and the Kingdom of Saudi Arabia have officially signed a multi-billion-dollar bilateral agreement to construct a massive six-billion-euro ($7 billion) leisure and entertainment destination northwest of Paris. The historic deal, finalized during bilateral talks between French President Emmanuel Macron and Saudi Crown Prince and Prime Minister Mohammed bin Salman at the Élysée Palace, represents one of the largest foreign direct investments in the European leisure sector in decades. The ambitious initiative will be financed and developed by Qiddiya Investment Company, a cornerstone subsidiary of Saudi Arabia’s Public Investment Fund (PIF). The master plan envisions the construction of three distinct, world-class theme parks—including an internationally branded manga and pop-culture attraction—spanning hundreds of hectares in Cergy-Pontoise, located roughly 30 kilometres northwest of the French capital. The site was previously home to the historic Mirapolis park, which had remained shuttered since 1991. Speaking at the official announcement, President Macron praised the partnership as an extraordinary milestone in Franco-Saudi relations, describing the upcoming destination as a transformative economic engine designed to rival Disneyland Paris in scale and international appeal. French presidential officials confirmed that the multi-year development is projected to generate roughly…