Jazzing up the Kingdom: Music fest planned as reforms take hold

Saudi Arabian singer Rashed Al-Majed peforms during a concert in Riyadh, Saudi Arabia. (REUTERS)
Updated 26 October 2017
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Jazzing up the Kingdom: Music fest planned as reforms take hold

RIYADH: A Saudi Arabian industrial zone plans to host a jazz festival around the end of this year as it moves into tourism and entertainment, a result of economic reforms designed to end the Kingdom’s reliance on oil exports.
In January, Jeddah hosted Saudi Arabia’s first major public concert in over a decade, featuring Arab music.
Reforms launched by Crown Prince Mohammed bin Salman are changing the business environment. The crown prince has identified tourism and entertainment as key industries to develop because of their potential to create jobs.
Fahd Al-Rasheed, group chief executive of Emaar the Economic City (EEC), which is developing the King Abdullah Economic City (KAEC) on the Red Sea coast near Jeddah, said he aimed to have foreign musicians perform at the jazz festival.
Al-Rasheed said it was not clear whether current visa rules would permit a large foreign audience at the festival, but predicted heavy demand for tickets among Saudi citizens.
“There is a huge, untapped demand for events and cultural performances like this,” he said in an interview on Wednesday on the sidelines of an international conference promoting Saudi Arabia as an investment destination.
The jazz plan underlines a shift of emphasis at KAEC since the crown prince started his reforms last year.


Saudi Arabia’s Education Ministry pumps $500m into public school projects

Updated 22 May 2019
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Saudi Arabia’s Education Ministry pumps $500m into public school projects

  • 30 institutions for students in Dammam, Jeddah and Riyadh will be built

RIYADH: Saudi Arabia is spending more than SR500 million on building education “complexes” that will serve 90,000 students in major urban centers.

The Education Ministry, represented by the government-owned Tatweer Buildings Co., on Tuesday, signed an agreement with Al-Mabani Real Estate Co. to build 30 institutions for students in Dammam, Jeddah and Riyadh.

The agreements include a short-term plan to establish 10 complexes across the three cities with a combined intake of 30,000 students. These will cost around SR800 million ($213 million) and are expected to be completed in 2022. There is also a long-term plan to set up 20 complexes for 60,000 students costing SR600 million. The complexes will be at locations approved by local authorities. 

FASTFACT

 

•The education complexes will serve the needs of 90,000 students in the Kingdom.

•Initially, 10 complexes will be built in Dammam, Jeddah and Riyadh at a cost of SR800 million.

•The first phase will be completed in 2022.

•In the later phase, 20 more complexes are planned at a cost of SR600 million.

Tatweer CEO Fahd Al-Hammad said the agreement represented opportunities for investors interested in building and operating high-quality education infrastructure with “state-of-the-art designs.”

Al-Mabani’s managing director, Abdulrahman Al-Ahmed, said the agreement supported the ministry’s strategy to develop the public sector schools environment through the establishment of complexes.

The agreement was signed under the patronage of Undersecretary of the Minister of Education Dr. Saad Al-Fuhaid and in the presence of Mohammed bin Eid Al-Otaibi, director general of education at the ministry.

Earlier this year, Education Minister Dr. Hamad bin Mohammed Al-Asheikh said Saudi Arabia was making efforts to improve the quality of its education sector’s infrastructure by encouraging public-private partnerships.