Saudi Arabia To Invest $64 Billion In Entertainment Sector
- Author: Adam Floyd Feb 23, 2018,
Feb 23, 2018, 1:54
Saudi Arabia's General Entertainment Authority stated, "Saudi Arabia's artistic community has been growing in size and in confidence for a number of years now, and the General Entertainment Authority believes that such an event will allow a proper platform to showcase their fashion and art talents".
"This is not a recommendation for why you should invest in Saudi Arabia", said a Western businessman with extensive contacts in the kingdom.
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. She commented on the historic announcement, saying, "This is a new era that we are witnessing, an era where 'only dreamers are welcome to join, ' to use the words of HRH Prince Mohamed bin Salman bin Abdulaziz, Crown Prince of the Kingdom of Saudi Arabia". 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.
Ahmad bin Aqeel al-Khatib, chief of the General Entertainment Authority, said the funding would come from both the state and the private sector.More news: Tayseer Khaled: Israel Provides Monthly Allowances for Killers of Palestinian Citizens
The government has not said whether it will change the law.
Last year, Prince Mohammed declared his ambition that Saudi Arabia would once again be "a country of moderate Islam that is open to all religions, traditions and people". These sorts of reforms are revolutionary in what has been an ultra-conservative Kingdom.
Seventy per cent of the population were under 30 and they wanted a "life in which our religion translates to tolerance, to our traditions of kindness", he said.