Arab Press

بالشعب و للشعب
Saturday, Apr 20, 2024

Saudi Arabia to launch film industry strategy amid $64bn entertainment push

Saudi Arabia to launch film industry strategy amid $64bn entertainment push

Saudi Film Commission will on Sunday unveil details of how it plans to develop movie industry

Saudi Arabia will unveil a new strategy on Sunday to develop the movie sector in the Gulf kingdom.

Under the patronage of Prince Badr bin Abdullah bin Farhan, Minister of Culture, chairman of the Saudi Film Commission (SFC), the body will announce how it aims to further support sector employees and actors.

According to Saudi Press Agency, Sunday’s announcement will be made in a ceremony to be held at Crowne Plaza Hotel in Riyadh in the presence of Saudi filmmakers, a number of strategic partners and a group of media professionals, intellectuals and actors.

No details have been released in advance but the announcement will be the latest as Saudi Arabia looks to rapidly grow its entertainment sector.

Cinemas were banned for 35 years until the first cinema in Saudi Arabia opened in April 2018 in Riyadh as part of major reforms in the kingdom.

UAE-based Vox Cinemas is one of the big operators who have entered Saudi Arabia since the country lifted its ban.


The government hopes that by 2030, Saudi Arabia will already have more than 300 theatres with over 2,000 movie screens.

In September, Saudi Arabia’s General Entertainment Authority launched a new initiative aimed at encouraging Saudi nationals to take jobs in the kingdom’s booming entertainment industry.

Chairman Turki bin Abdulmohsen Al Al-Sheikh unveiled the Makers of Happiness initiative which seeks to qualify and train young Saudi talents to fill specialised jobs in the sector.

Young Saudis are being urged to work in jobs including crowd management, the management of entertainment centres and organising and marketing events.

Saudi Arabia continues to see an influx of leisure and entertainment industry players from around the world as the kingdom is tipped to become the sector’s leading MENA market by 2025.

The bullish forecast follows a survey commissioned recently by the organisers of the Saudi Entertainment & Amusement (SEA) Expo & Summit, in which 73 percent of more than 560 canvassed sector players stated their intention to launch a presence in the kingdom within the next two years.

The GEA has previously said that it believes investment into entertainment infrastructure will reach $64 billion over the next decade, adding nearly $5 billion to GDP and generating 224,000 new jobs by 2030.

Saudi Arabia’s movie push was further shown at Cannes Film Festival. While many countries did not attend in an official capacity this year, with their national film institutions grounded due to the ongoing challenges of travel amid the pandemic, Saudi Arabia promoted its emerging film and TV industry.

The Saudi pavilion in the Marché du Film’s International Village was busy with filmmaker Abdullah Al-Qahtani making his international festival debut as CEO of the country’s film commission.

Last year, Saudi Arabia also announced the launch of the Red Sea International Film Festival in Jeddah.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×