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Saudi Arabia Crown Prince launches New Murabba Development Co. to Develop Riyadh’s Downtown
Saudi Arabia’s Crown Prince, HRH Prince Mohammed bin Salman, has launched a new initiative called the New Murabba Development Co. to develop Riyadh’s downtown “through the building of a unique living, working, and entertainment experience.”
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International Visitors to Saudi Arabia Increase as Kingdom Attracts Most Tourists in First 9 Months of 2022
Saudi Arabia registered more than 18 million international arrivals in the first nine months of 2022, higher than any other Arab nation during that timeframe, according to reports.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Saudi Arabia Rolls Out a New Events Investment Fund (EIF) to Drive Investment in Culture, Tourism, Entertainment and Sports
Saudi Arabia has launched an investment fund specifically to support the culture, tourism, entertainment and sports industries, according to Reuters, citing the state news agency SPA.
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PIF Assumes Control of $50 Billion Diriyah Project
Diriyah, a massive redevelopment of a historical site on the outskirts of the Saudi capital Riyadh, has become the fifth giga-project in the portfolio of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), according to reports.
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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Saudi Arabia’s PIF Commits Over $2 Billion to New Long-term Football Sponsorship Deals this Year – FT Report
Saudi Arabia’s Public Investment Fund has committed more than $2 billion to new long-term football sponsorship deals this year, with much of that spent domestically in Saudi Arabia, the Financial Times reports, citing the PIF’s most recent financial statements.
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‘Saudi Idol’ Talent Show to be Aired in December
The globally popular talent show Idol franchise is debuting in Saudi Arabia this December to showcase top amateur singers across the Kingdom. Saudi Idol joins hugely popular global versions like American Idol, Australian Idol and, Indian Idol.
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MUST-READS
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SEVEN Saudi Arabia: What to Expect From the Mega Entertainment Hub in Tabuk?
The US-based architecture firm Gensler created the recreational destination for SEVEN, which will be located on a land area of 40,000 square meters and more than 72,500 square meters of built-up space.
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How Saudi Arabia is aiming to become an entertainment hub
Saudi Arabia aims to fortify its entertainment industry by building 24 theme parks and 421 entertainment centers, apart from other new attractions, restaurants, and cafes.
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How Saudi Arabia is aiming to become an entertainment hub
Saudi Arabia aims to fortify its entertainment industry by building 24 theme parks and 421 entertainment centers, apart from other new attractions, restaurants, and cafes.
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The transformation of the entertainment sector in Saudi Arabia
In November 2019, the Saudi government established a fund that focuses on supporting entertainment, sports and tourism projects. Headed by Crown Prince and Deputy Prime Minister, Mohammed bin Salman, this fund linked to the National Development Fund (NDF) will be financed from the revenues of the ‘Saudi Seasons Program.’ With the ongoing development of necessary infrastructure, these and other government initiatives are expected to continue being fundamental in rapidly transforming the country’s entertainment landscape.
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The transformation of the entertainment sector in Saudi Arabia
In November 2019, the Saudi government established a fund that focuses on supporting entertainment, sports and tourism projects. Headed by Crown Prince and Deputy Prime Minister, Mohammed bin Salman, this fund linked to the National Development Fund (NDF) will be financed from the revenues of the ‘Saudi Seasons Program.’ With the ongoing development of necessary infrastructure, these and other government initiatives are expected to continue being fundamental in rapidly transforming the country’s entertainment landscape.
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Saudi Wealth Fund Joins $930 Million Pre-IPO Bet on Kakao Entertainment
Kakao Entertainment Corp. has won $930 million from investors including Saudi Arabia’s sovereign wealth fund, securing one of the country’s largest-ever financing rounds at a time global investors are shying away from big startup bets.
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Saudi hosts global investors in entertainment, sports & tourism
Speaking about Catalyse Saudi’s event, Dr Sara Althari, Managing Director of Biotech & Pharma and Advisor to the Minister of Investment, said: “The discussions over the last few days have allowed us to share insights into what it takes to create a successful startup ecosystem in Saudi Arabia and how the entertainment sector is evolving. I am very excited by the potential of Saudi companies emerging in this industry and look forward to seeing how they continue to grow – both domestically and internationally.”
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Warner Bros to open indoor theme park in Saudi Arabia amid $13.2bn entertainment push
Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed an exclusive partnership agreement with Warner Bros. Discovery, a global leader in real-life entertainment, to bring purpose-built indoor adventures centres to the Kingdom which integrate Discovery’s media content.
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Saudi Arabia announces new visa to visit friends, attend sports, entertainment events
In its continued effort to embrace tourism and improve access to the country, the ministry of foreign affairs announced that visa holders will be allowed to travel across the Kingdom, as well as perform Umrah, visit Makkah and Madinah, in addition to visiting religious, and historical sites, and take part in sports and cultural events. Saudi citizens can submit a request for a personal visit on the official visa platform and apply for a visit request by logging in through the eVisa platform and filling out the data for the invitees.
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Saudi PIF announces $13bn investment in entertainment across 14 cities
“SEVEN is redefining the future of entertainment in Saudi Arabia through our 21 entertainment destinations across 14 cities with more than 150 world-class attractions that enhance the quality of life for the people of Saudi Arabia. We are partnering with leading entertainment brands and will continue to do so to develop entertainment destinations like no other,” said Abdullah AlDawood, Chairman of SEVEN.
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