Saudi Arabia To Invest $64 Billion In Entertainment Sector

As Saudi Arabia’s Crown Prince Mohammad bin Salman Al-Saud moves to diversify the economy and reduce the Kingdom’s dependence on oil, it was revealed today that $64B will be invested in the entertainment sector over the next decade. At a press conference in Riyadh, General Entertainment Authority chief Ahmad bin Aqeel Al-Khatib said the money will come from both the government and the private sector.
The plans include Saudi’s first opera house after concerts had been…

As Saudi Arabia’s Crown Prince Mohammad bin Salman Al-Saud moves to diversify the economy and reduce the Kingdom’s dependence on oil, it was revealed today that $64B will be invested in the entertainment sector over the next decade. At a press conference in Riyadh, General Entertainment Authority chief Ahmad bin Aqeel Al-Khatib said the money will come from both the government and the private sector. The plans include Saudi’s first opera house after concerts had been…