Universal Studios is in the preliminary planning stages for a new theme park in Saudi Arabia. This move may enable it to form a potential competitive pattern with Disney in the booming Middle East market. According to people familiar with the matter, Universal Studios, a subsidiary of Comcast, has begun preliminary conceptual design work for the theme park. The project may be funded by a Saudi government background entity and is part of a Universal Studios franchise partnership. Earlier this year, Disney also signed a similar agreement to build a new theme park in Abu Dhabi. Universal Studios has yet to finalize cooperation details for the Saudi project. This project with a potential investment scale of several billion dollars is expected to be completed by the 2030s.

Universal Studios is in the preliminary planning stages for a new theme park in Saudi Arabia. This move may enable it to form a potential competitive pattern with Disney in the booming Middle East market. According to people familiar with the matter, Universal Studios, a subsidiary of Comcast, has begun preliminary conceptual design work for the theme park. The project may be funded by a Saudi government background entity and is part of a Universal Studios franchise partnership. Earlier this year, Disney also signed a similar agreement to build a new theme park in Abu Dhabi. Universal Studios has yet to finalize cooperation details for the Saudi project. This project with a potential investment scale of several billion dollars is expected to be completed by the 2030s.