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Friday, Jul 01, 2022

Saudi Arabia, France to enhance entertainment ties

Saudi Arabia, France to enhance entertainment ties

The Federation of Saudi Chambers, represented by the Saudi-French Business Council, is scheduled on Monday to host a high-level French delegation representing the entertainment sector to discuss prospects of Saudi-French cooperation.
The meeting will address ways to enhance investments, commercial exchange and views on issues related to the sector between the two countries.

The French delegation includes 30 major figures from French companies in the entertainment sector, covering amusement parks, sports products, e-games, entertainment cities, consulting and banking.

A total of 100 business owners and specialized Saudi entertainment companies, as well as the national entertainment committee at the federation, will meet with the French delegation.

They will examine potential commercial and investment partnerships and consider opportunities in the Kingdom’s entertainment sector.

The federation stressed the importance of the visit to enhance the partnership between the Kingdom and France and to localize leading international talent.

The visit is in line with Saudi Vision 2030, which aims to increase the contribution of the entertainment sector to 4.2 percent of gross domestic product by 2030 and provide 450,000 jobs.

The tourism sector has so far achieved a growth rate of 14 percent, and the number of companies working in the entertainment sector has doubled to reach more than 1,000.

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