‘The Marvel Experience’ to appear in Jeddah, Riyadh for the first time

The General Entertainment Authority is announcing the “Marvel Experience,” to be held in Riyadh and Jeddah. (Supplied)
Updated 03 February 2019
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‘The Marvel Experience’ to appear in Jeddah, Riyadh for the first time

  • Jeddah will host the first edition of the unique event
  • Bryan Crosby, Creative Director of Marvel, was enthusiastic about sharing the world of Marvel with Saudi citizens

RIYADH: The General Entertainment Authority is announcing the “Marvel Experience,” to be held in Riyadh and Jeddah in a first-of-its-kind step for Saudi Arabia.
Jeddah will host the first edition of the unique event, which will overlook the city’s coastal side, in a compound set up temporarily to host 3D animation shows and virtual reality games.
The Executive Chairman of the General Authority for Entertainment, Mr. Amr Panajh, stressed the Authority’s keenness to provide entertainment options that are suitable for all segments of society by selecting the best entertainment content according to international standards, incorporating and educational and interactive aspect to enrich the visitors’ experience.
Rick Leicht, CEO of Hero Ventures, said the group was delighted to host the Marvel Experience in the Kingdom.
Bryan Crosby, Creative Director of Marvel, was enthusiastic about sharing the world of Marvel with the Kingdom’s residents and enabling them to take on the exciting adventures of Marvel’s world.


High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019
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High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.