Crown Prince meets Disney CEO, discusses potential projects in Saudi Arabia 

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Updated 07 April 2018
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Crown Prince meets Disney CEO, discusses potential projects in Saudi Arabia 

  • Kingdom’s solid infrastructure and massive demand for entertainment highlighted 
  • LA meeting is part of Prince Mohammed’s ongoing US tour 
As part of his ongoing US tour, Saudi Crown Prince Mohammed bin Salman met at his residence in Los Angeles with Robert Allen Iger,  chairman and CEO of The Walt Disney Company. 
Potential cooperation in the entertainment, culture and film-making arenas were discussed during the meeting. Furthermore, the meeting highlighted the massive opportunities which exist in the Kingdom of Saudi Arabia, where a solid infrastructure and a massive demand for Disney products and services exist. 
The meeting was attended by Prince Khaled bin Salman, Saudi Arabia’s ambassador to Washington as well as members of the official delegation accompanying the crown prince. 
The crown prince also met with a group of heads of US entertainment and media companies and discussed areas of cooperation and partnership in the media and entertainment sectors, and reviewed the latest technologies in this regard.
Saudi Arabia has been undergoing a massive economic and social transformation under the ambitious Vision 2030 reform plan launched by the crown prince two years ago. 
Since then, the country has announced it is lifting the ban on women driving, that it will re-open cinemas and curbed the powers of its religious police. 
It has also established the General Authority for Entertainment, a government body empowered to meet the massive demand for entertainment in the Saudi kingdom; which boasts a population of 32 million and receives millions of Muslims every year for Hajj and Umra pilgrimage. 
The kingdom has also announced it is strengthening its non-religious tourism sector and has plans to issue new guidelines for visas which will open-up the country to visitors from around the world. 

 


Saudi citizen rewarded after new car turned out to be used

Updated 58 min 38 sec ago
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Saudi citizen rewarded after new car turned out to be used

RIYADH: A citizen from Buraidah has been rewarded by the Ministry of Commerce and Investment (MCI) for complaining about a commercial fraud. He exposed an auto agency who sold him a “new car” which turned out to be second-hand with a chequered history.
The MCI granted a reward of SR25,000 to Hamad Faleh Al-Qahtani, who reported the fraud.
He bought a new car from the auto agency and made the full payment, but soon realized he had been given a second-hand car.
Not only was it used but it had also been in a crash and been repaired and repainted, which was contrary to what had been agreed upon and in violation of the Anti-Commercial Fraud Law. The ministry followed up the matter with investigations to find the truth and take legal action.
The matter was referred to the public prosecution and then to the Administrative Court in Buraidah, which issued the final verdict that the agency was guilty of violating the Anti-Commercial Fraud Law.
The agency was fined SR100,000 ($26,687). Article 11 of the Anti-Commercial Fraud Law states that anyone reporting a case of commercial fraud which is found to be true upon investigation shall be granted 25 percent of the value of the fine.
The MCI honors 100 informers by granting them financial rewards and gifts on World Consumer Rights Day, which is observed on March 15 every year to foster global awareness about consumer rights and needs. The day was inspired by US president John F. Kennedy, the first world leader to formally address the issue of consumer rights.
The consumer movement first marked that date in 1983 and uses it every year to mobilize action on important issues.
The MCI has urged consumers to report commercial frauds through the Consumer Call Center (1900), through the application of a commercial violation report and through the ministry’s website.