Saudi Arabia to invest $64 bn in entertainment in next decade

A Saudi woman takes a "selfie" at the first Comic-Con Arabia event in the capital Riyadh on November 25, 2017
A Saudi woman takes a "selfie" at the first Comic-Con Arabia event in the capital Riyadh on November 25, 2017

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.

General Entertainment Authority chief Ahmad bin Aqeel al-Khatib said the money will come from both the government and the .

The authority said earlier this week that more than 5,000 events are planned for 2018.

"We are already building the infrastructure," Khatib said, adding that ground had been broken for an opera house.

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

In recent months, Saudi Arabia has organised concerts, a Comic-Con popular culture festival and a mixed-gender national day celebration that saw people dancing in the streets to thumping electronic music for the first time.

The opening up of new entertainment options in the conservative kingdom is part of a programme of reforms dubbed "Vision 2030" championed by Crown Prince Mohammed bin Salman.


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Citation: Saudi Arabia to invest $64 bn in entertainment in next decade (2018, February 22) retrieved 18 June 2019 from https://phys.org/news/2018-02-saudi-arabia-invest-bn-decade.html
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