Saudi Arabia To Invest $64 Billion In Entertainment Sector

Read on: Deadline

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…