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

1 / 4
2 / 4
3 / 4
4 / 4
Updated 07 April 2018
0

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 Arabia’s King Salman will patronize the launch of the Qiddiya Project

Updated 24 April 2018
0

Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project

JEDDAH: Saudi Arabia’s King Salman will patronize on Wednesday the launch of the “Qiddiya” Project which is the new entertainment, sports and cultural destination in the Kingdom.
The project will be built in Al-Giddiya area, some 40 km west of the capital, Riyadh.
The foundation stone ceremony of will be attended by a host of local and international officials, as well as a number of decision-makers, major investors and representatives of the regional and international companies, marking the launch of the project’s formal infrastructure. The first phase will be completed by 2022.
In a statement to Saudi Press Agency (SPA), Dr. Fahd bin Abdullah Tounsi, Secretary General of the Foundation Council of the Qiddiya Project of the Public Investment Fund (PIF) said that the inauguration of this vital project is a real translation of the aspirations of the Kingdom’s wise leadership and its relentless efforts to develop mega projects that would contribute effectively to achieve many direct and indirect economic returns, and to advance sustainable development for the benefit of the homeland and the citizen, in accordance with the Kingdom’s Vision 2030.
“About two-thirds of the Kingdom’s population is under the age of 35. There is a great need for Qiddiya Project to provide them with entertainment. The project will save about $30 billion, which will be used to develop the domestic economy and create new job opportunities for Saudi youths,” he added.
For his part, Michael Reininger, Chief Executive of Qiddiya, said, “we are delighted to be a key contributor to boost the Kingdom’s economic development and investment, not only for the entertainment industry but also to projects that will develop the capabilities the young Saudi people.”