Saudi Arabia To Invest $64 Billion In Entertainment Sector

Saudi Arabia To Invest $64 Billion In Entertainment Sector

Saudi Arabia To Invest $64 Billion In Entertainment Sector

He added that the entertainment authority held 2,200 events in 2017 and planned to organise 50,000 in 2018.

Saudi Arabia plans to invest $64 billion in its entertainment sector over the coming decade, an official said today.

Saudi Arabia has begun building its first opera theater after a ban on concerts and music in restaurants for the past twenty years.

The ambassador, while thanking the chairman and his fellow members of the Shoura for inviting him to the meeting, lauded the farsighted and pragmatic leadership of Custodian of the Two Holy Mosques King Salman and Crown Prince Muhammad Bin Salman for taking the bilateral relations to new heights. The young crown prince is reported to want more Saudi's to take fewer holidays overseas and spend their vacations within the Kingdom to further boost the country's ailing economy.

In December, the government lifted a ban on commercial cinemas.

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Road accidents are common in the country, where roads are considered unsafe and bus drivers often lack training. Seven of the injured are in serious condition , including three children, reports Efe news agency.

"In the past, investors would go outside the kingdom to produce their work, and then showcase it back in Saudi Arabia". At a press conference in Riyadh, General Entertainment Authority chief Ahmad bin Aqeel Al-Khatib said the money will come from both the government and the private sector. While the current percentage of Saudi Arabian women working happens to be 22%, Prince Mohamad Bin Salman said that he aims to raise it to 33% by 2030.

"God willing, you will see a real change by 2020".

It follows a range of other firsts for the conservative Gulf kingdom - including allowing women spectators to attend football matches last month and announcing that women would be permitted to drive from June.

Saudi Arabia's royal family and religious establishment adhere to an austere form of Sunni Islam known as Wahhabism, and Islamic codes of behaviour and dress are strictly enforced.

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