General Entertainment Authority (GEA), an agency with a focus on expanding Saudi Arabian entertainment industry, is currently attempting to boost investors’ interest in the industry by launching a new online system to facilitate the process for applying for entertainment licenses.
Since the adoption of the Vision 2030, Saudi Arabia has been looking at ways to reduce its dependence on the oil sector. Led by the crown Prince Mohammed bin Salman, the government has been working hard to diversify and expand Saudi Arabia’s non-oil sector.
The Red Sea Development Company, a subsidiary of Saudi Arabia’s sovereign wealth fund commonly known as the Public Investment Fund of Saudi Arabia, is reported to have started discussions with potential local lenders to acquire a fund which amounted to USD 3.5 billion.
Out of all locations in Saudi Arabia, Jeddah is selected as the location for the first branch for this cinema brand called Muvi Cinemas
The ambitious Saudi plan will transform its capital Riyadh into a cutting-edge green city.