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Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]
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Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]
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PIF $2.7b Bet on Entertainment an Investment Toward a ‘Vibrant Saudi Society’
Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 that it is setting up a new company to invest in the entertainment sector, as the Kingdom looks to achieve a more vibrant society – a stated goal of Saudi Arabia’s Vision 2030. The company, which will have $2.67 billion in initial capital to invest, will seek […]
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Plans to Tap Massive Tourism Potential for Saudi Arabia’s Red Sea Unveiled
Saudi Arabia wants to turn hundreds of miles of its Red Sea coastline into a global tourism destination, according to an announcement by the government’s Public Investment Fund (PIF) and reports. The development will include “50 islands and 34,000 square kilometers — an area bigger than Belgium — between the cities of Umluj and Al Wajh […]
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New Saudi City Aims for Nearly 1m New Housing Units Near Mecca and Jeddah
Details have emerged on plans for a “giant extension” to the holy city of Mecca in Saudi Arabia that could add up to one million housing units by 2050, according to reports. Prince Khalid Al-Faisal bin Abdulaziz is governor of the Mecca Region. In a press conference, the Prince told reporters that the Al-Faisaliah project […]
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VICE Video: ‘Building Saudi Arabia’s First Movie Theatre’
VICE News has posted a video on the burgeoning entertainment industry in Saudi Arabia and the challenges of creating original content in the Kingdom. “There is strong content being created by Saudis in the underground filmmaking scene. The challenges Saudi artists face, instead of lessening the quality of their work, actually add layers, nuance and […]
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‘Epicenter X: Saudi Contemporary Art’ Show Hits U.S. in July to Challenge Perceptions, Share Saudi Culture
A U.S. exhibition featuring the works of roughly 40 Saudi Arabian artists aims to “share their expressions, foster conversations and challenge conceptions of life” in Saudi Arabia, the Associated Press reports. The exhibition, entitled “Epicenter X: Saudi Contemporary Art,” opens July 8 and runs for about three months at the Arab American National Museum in […]
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In First, Full Japanese Orchestra Performs in Riyadh
For the first time, a Japanese orchestra has played a live performance in Saudi Arabia’s capital, the latest step forward for Saudi culture and prospects for greater entertainment options for Saudi citizens. Minister of Culture and Information Adel Al-Toraifi opened the first Japanese full orchestra concert in Saudi Arabia on Thursday night at King Fahad […]
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In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]
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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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MUST-READS
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Why Saudi Arabia is spending $64 billion on entertainment
Change began in earnest last year after Saudi Arabia announced funding of more than $26 billion to expand the Grand Mosque in Mecca to accommodate more pilgrims during the Haj week. It also revealed plans to spend $3.5 billion on a nearby hotel that, with 10,000 rooms, would be the world’s largest.
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GEA: Saudi Arabia Ready to Become a Global Entertainment Hub With More Than 5000 Events Announced
The announcement was made at a special event in Riyadh in the presence of His Excellency Ahmed Bin Aqeel Al Khatib, Chairman of the Board, and the CEO of GEA, Eng. Faisal Bafarat, alongside a number of Excellencies and esteemed guests.
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Saudi Arabia to invest $64 bn in entertainment in next decade
Saudi Arabia is to invest $64 billion in its entertainment sector over the coming decade, an official said Thursday, as the kingdom pursues a programme of social and economic reforms.
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5,000 live entertainment events planned this year in Saudi Arabia
Saudis of all ages can look forward to an unprecedented year of culture and entertainment in the Kingdom as the General Entertainment Authority (GEA) prepares to announce its 2018 entertainment calendar on Thursday.
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Saudis to spend $9.6bln on entertainment by 2030, authority says
Sector to generate 114,000 direct and 110,000 indirect jobs by 2030, General Entertainment Authority states
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The dawn of the Saudi entertainment revolution
What Emanuel wants is for his company William Morris Endeavor to be a big part of the emerging entertainment industry in the kingdom.
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As Saudi Arabia relaxes its controls on culture and entertainment, artists dream — and worry
The government of this ultraconservative kingdom has lately become a tireless patron of the arts, sponsoring concerts by Western performers such as New Age artist Yanni and promoting comic festivals and book fairs. Cinemas, banned for decades, are set to open soon.
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Louvre Abu Dhabi to unveil Salvator Mundi Leonardo painting ‘very soon’ – Entertainment
The new Louvre Abu Dhabi museum is "very proud" to have acquired a painting by Leonardo da Vinci that sold for a staggering $450 million last month, an official in the United Arab Emirates said Tuesday.
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Entertainment landscape changing in Saudi Arabia
Commenting on the cinema ban in Saudi Arabia, he told Saudi Gazette: “Cinema has been banned for more than 35 years but there’s been a lot of talk that that might change. So we’re watching closely. Whether AMC will be a part of that, is partially up to the government but I know that if they would let us in, we would be very enthusiastic to be a part of the fabric of Saudi life.”
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Saudi Entertainment Authority Vows to Introduce 200,000 Jobs
Saudi Arabia’s General Authority for Entertainment vowed to provide some 200,000 job opportunities and to contribute 133 billion dollars to the annual national income by 2030.
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