Tuesday 26 January 2021

Saudi Arabia to woo US investors to entertainment sector

LOS ANGELES, March 28, 2018

Saudi Arabia is looking to propel the growth of the entertainment industry in the kingdom through a key forum in the US, which will focus on attracting investments and new entertainment ventures into the kingdom.

The summit, hosted by the General Entertainment Authority (GEA), will explore the kingdom's focus on creating a more vibrant society as part of the Crown Prince's Vision 2030, which includes significant tourism-focused investments in themed attractions, shows, culture, nature, digital, sports and sightseeing.

Nearly 70 per cent of the kingdom's 32 million people are under the age of 30, and envision a future where they can drive, cheer, play and share their passions with the world.

"The summit is designed to educate and advance creative industry opportunities," said GEA CEO Faisal Bafarat. "We're committed to expanding Saudi Arabia's entertainment landscape supported by private/public partnerships, while also attracting local and international investors to help foster exciting new partnerships to benefit our growing millennial population."

This summit on the Future of Entertainment in Saudi Arabia will open with a keynote by the chairman of the General Entertainment Authority, Ahmed Al Khateeb.  Three panels will explore the role of entertainment in enhancing the quality of life, investment opportunities in entertainment in Saudi Arabia and what it's like working in the burgeoning entertainment sector. Panellists will include government leaders who are currently travelling with the Crown Prince's delegation on his tour of the US along with business investors.

A reception will follow the summit to allow discussion, answer questions and initiate exploratory partnership conversations.

The summit will be held at the Four Seasons Los Angeles at Beverly Hills on April 4. - TradeArabia News Service

Tags: Saudi | investment | entertainment | foreign | sector | Arabia |

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