Saudi Arabia to invest $64 bn in Western-style entertainment in next decade

Saudi has embarked on a wide-ranging programme of social and economic reforms driven by Mohammed bin Salman

AFP | PTI  |  Riyadh 

Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24. Photo: Reuters
Saudi Crown Prince Mohammed bin Salman | Photo: Reuters

announced plans today to spend billions on building new venues and flying in Western acts, in a total overhaul of its entertainment sector that would be unthinkable not long ago. Long known for its ultra-conservative mores, the kingdom has embarked on a wide-ranging programme of social and economic reforms driven by Crown Prince At a glitzy press conference in Riyadh, General Entertainment Authority chief Ahmad bin told reporters the kingdom is set to invest $64 billion in its entertainment sector over the coming decade. "We are already building the infrastructure," Khatib said, adding that ground had been broken for an opera house. "God willing, you will see a real change by 2020," Khatib said, adding that more than 5,000 events were planned for the coming year. Behind him, a screen teased the names of acts like Maroon 5, and Neither a breakdown of how the money would be spent or a schedule for the cultural programme was provided. But it follows a series of events in recent months including concerts, a and a mixed-gender national day celebration that saw people dancing in the streets to thumping electronic music for the first time. Authorities have also announced plans to lift a decades-old ban on cinemas this year, with some 300 expected to open by 2030.

First Published: Thu, February 22 2018. 19:07 IST
RECOMMENDED FOR YOU