Six Flags' property in Saudi Arabia continues to be impacted by the Middle East conflict

Six Flags Entertainment's (FUN) Qiddiya City theme park continues to be impacted by disrupted travel and increased regional uncertainty in Saudi Arabia related to the regional conflict.

In the latest development, one person was killed and nearly a dozen hurt in a new attack at Riyadh's international airport on Sunday, just a day after a strike claimed by Yemen's Iran-aligned Houthis killed 13 people and wounded more than 300.

Six Flags' (FUN) Qiddiya City has not been directly damaged by the Iran conflict, but the broad threat to the Middle East is believed to have impacted the property's performance by disrupting regional air travel, depressing inbound tourism, and raising perceived risk for foreign visitors. Crowd levels to the property were reported by Queue Times to have softened in September and October amid further regional escalation.

Six Flags Qiddiya City opened at the end of 2025 as part of the Qiddiya giga-project near Riyadh and is being operated under a management and licensing agreement by Six Flags (FUN), while ownership and capital risk sit with Qiddiya Investment Company, backed by the Public Investment Fund. While the impact on Six Flags (FUN) earnings will be minimal due to the asset-light model, analysts think extended Middle East tourism concerns could limit further expansion in the region.

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