Universal Studios in early planning stages for theme park in Saudi Arabia, WSJ reports

Universal Studios is in early planning stages to build a new theme park in Saudi Arabia, the Wall Street Journal reported on Friday, citing people with knowledge of the matter.

The Comcast unit is doing initial concept work for the park, which may be financed by a Saudi government-backed entity as part of a licensing deal with Universal, the report added.

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Reuters could not immediately confirm the report. Universal and Comcast did not immediately respond to Reuters' request for comment.

Comcast CEO Brian Roberts travelled to Saudi Arabia last month for an investment conference and visited the entertainment and sports megaproject Qiddiya, the report added.