Saudi malls gearing up for a new future with big screens and entertainment

Saudi malls gearing up for a new future with big screens and entertainment
Saudis are rejoicing the government’s decision to allowing opening cinemas across the Kingdom. Earlier this year, musical concerts were allowed in the Kingdom to boost entertainment activities. In this file photo dated Dec. 3 Saudis watch composer Yanni perform at Princess Nourah bint Abdulrahman University in Riyadh. (Reuters)
Updated 13 December 2017

Saudi malls gearing up for a new future with big screens and entertainment

Saudi malls gearing up for a new future with big screens and entertainment

JEDDAH: Malls in Saudi Arabia are getting ready to take advantage of the government’s decision allowing them to open cinemas. Mall operators across the Kingdom say they are locating space for theaters and exploiting empty units.
Major work is expected in the next seven months in the preparation of malls. Mohammed Rashid Aba Al-Khiel, head of the digital sector and marketing at the Arab Centers, the largest developer, owner and operator of commercial centers in Saudi Arabia, told Arab News that the decision had been expected since the end of 2016.
“The decision comes as part of the package of economic entertainment projects to ensure that the money, or part of it, remains at home in the local content,” he said. Aba Al-Khiel added that the plans extended to cafes, entertainment and sales.
“Cinema adds to the experience of the beneficiary, especially with high temperatures and the dearth of (entertainment) options for Saudi families, which are limited to malls...”
He added: “If the operators can run movie theaters effectively, it is possible to keep pace with similar experiences in neighboring countries. We lack the operational experience in dealing with the film industry and its economic benefit. We suffer from a lack of experience in this field. Global experience should be considered.”
Malls have multiple options to take advantage of the decision, depending on the sizes and allocations of screens, diversity of the target segments and the value of the content, he explained.
The chairman of the commercial centers’ committee at the Jeddah Chamber of Commerce and Industry (JCCI), Mohammed Alawi, told Arab News that a large group of malls had considered this decision and some included its engineering plans. Some malls have included it as their first choice to expand their investment and development plans.
Alawi said: “Some of these malls are targeting areas that were vacant and will begin to move directly to reformulate these sites and arrange them economically so that they can be configured.
“After the approval, global operators from all over the world will come to create an integrated cinema style according to the latest standards. This will encourage investors to move and find financial flows in the markets.”
Alawi expects that all malls in Saudi Arabia will work to keep up with the decision in the next seven months. “Malls that do not have cinema-equipped buildings will move and provide space even if they exploit some economically inefficient locations.”
Alawi, who previously ran the Red Sea Mall, said: “The Red Sea Mall, for example, would provide at least 12 cinema screens, with at least 300 seats each, currently being built.”
He explained that the flow of capital abroad throughout the year was not justified, and greatly hurt the Saudi economy. Alwai said that 6.5 million cinema tickets are booked annually online in Bahrain, of which 5 million are from Saudi Arabia.
“SR80 billion ($21.3 billion) is spent annually outside the country. The Vision (2030) aims to keep 50 percent of them domestically. The cinema decision can revive transport, subsistence, contracting companies and jobs for Saudis.”
Ryan Kadouri, director of the Red Sea Mall, told Arab News that the decision is great and will have a positive impact on the retail sector, will create a huge economic momentum in doubling the number of visitors to malls and will revive markets after the recession experienced in the past two years.
“It will provide support to the local market and create great job opportunities for Saudis. It will help increase the number of visitors to the malls.”
He said the volume of visitors accustomed to traveling abroad is expected to reach 21 million to the Red Sea Mall in 2018 from 18 million visitors in 2017.
Kadouri said: “Cinema projects are expected to take time because they are linked to specialized international companies, and all are waiting for the official mechanisms. We are in the process of preparation. The market will recover significantly.”
He pointed out that commercial malls are looking for open spaces and to keep pace with the variables of the market.
“The right operator should be chosen as well as the importance of quality, transfer of expertise and the use of modern technologies … and the allocation of showrooms for different segments of society, and so on.”


Saudi-led Arab coalition intercepts Houthi drone launched towards Khamis Mushait

Saudi-led Arab coalition intercepts Houthi drone launched towards Khamis Mushait
Updated 09 March 2021

Saudi-led Arab coalition intercepts Houthi drone launched towards Khamis Mushait

Saudi-led Arab coalition intercepts Houthi drone launched towards Khamis Mushait

The Saudi-led Arab coalition said it intercepted a Houthi drone headed toward Khamis Mushait in the southern region in Saudi Arabia, Saudi state channel Al-Ekhbariya reported on Tuesday.

The coalition said that “the Houthi militia commits grave mistakes and horrific violations of international humanitarian law,” adding that it is “dealing with these violation in accordance with international humanitarian law.
Meanwhile, the Houthis faced international condemnation on Monday after attacking Saudi oil facilities.

The US said the Houthis needed to show seriousness about US-backed peace efforts.
“We condemn the egregious Houthi drone and missile attack against Saudi Aramco facilities,” State Department spokesman Ned Price told reporters.


8 Saudi mosques close after 10 confirmed cases of COVID-19

8 Saudi mosques close after 10 confirmed cases of COVID-19
Updated 09 March 2021

8 Saudi mosques close after 10 confirmed cases of COVID-19

8 Saudi mosques close after 10 confirmed cases of COVID-19
  • 236 mosques have closed temporarily in last 29 days
  • 224 of them have so far reopened after sterilization

RIYADH: Saudi authorities temporarily closed eight mosques in three regions of Saudi Arabia on Monday, after 10 worshipers tested positive for COVID-19.
The Ministry of Islamic Affairs, Dawah and Guidance said that 236 mosques have been closed in the past 29 days. Of those, 224 reopened after they were sterilized and steps were taken to ensure public safety.
Six of the mosques closed on Monday are in Riyadh, one is in Madinah and one in Tabuk, the ministry said. It added that six previously closed mosques have reopened in Makkah, Qassim and the Eastern Province after precautionary sterilization and maintenance.
The ministry called on worshipers and mosque officials to abide by all precautionary measures and report any violations or problems applying health protocols.


Saudi Arabia beats Silicon Valley on women’s tech roles, ministry claims

Saudi Arabia beats Silicon Valley on women’s tech roles, ministry claims
Participants including Saudi women attend a hackathon in Jeddah, Saudi Arabia on August 1, 2018. (AFP)
Updated 3 min 22 sec ago

Saudi Arabia beats Silicon Valley on women’s tech roles, ministry claims

Saudi Arabia beats Silicon Valley on women’s tech roles, ministry claims
  • Saudi Arabia's investment in cybersecurity has led to its recognition as a pioneer, rated number one regionally and 13 internationally by the International Telecommunication Union

JEDDAH: Saudi women’s participation rate in the communications and IT sector rose from 11 percent in 2017 to 24 percent in 2021, an official at the Ministry of Communications and Information Technology (MCIT) said.
“Due to several initiatives, that percentage has surpassed that of Silicon Valley, which is currently at 17 percent,” Bandar Al-Duwais, MCIT’s director of future recruitments, said during the Women Enablement Summit.
After a recent surge in spending on women’s training, Saudi women currently make up 40 percent of digital entrepreneurs, he added.
Dr. Hala Al-Tuwaijri, head of G20 Women’s Empowerment team, said that during the Kingdom’s presidency, Saudi Arabia had three central focuses: Human empowerment, the earth’s sustainability and implementing new horizons.
“Women’s empowerment was at the core of all of them,” she said.
The Kingdom’s investment in cybersecurity has led to its recognition as a pioneer, rated number one regionally and 13 internationally by the International Telecommunication Union.

FASTFACT

• Saudi women’s participation rate in the IT sector rose from 11 percent in 2017 to 24 percent in 2021.

Basmah Al-Jedai, general manager of the Center of Strategic Studies at the National Cybersecurity Authority, said that women took greater advantage of the authority’s training programs than men did.
The National Academy for Cybersecurity’s scholarship program, which offered students scholarships to esteemed institutes globally, has attracted 67 percent of female applicants.
Another initiative, Cyber Pro, which focuses on building a cybersecurity workforce in the Kingdom, has seen 62 percent of female participants.
Based on the Kingdom’s goal of increasing women’s participation in the labor market and the ministry’s strategy, which gives priority to enhancing the role of women in the sector, MCIT developed an integrated program to empower women in the communications and information technology sector.


Saudi Arabia launches women’s accountancy program

Saudi Arabia launches women’s accountancy program
Dr. Majid bin Abdullah Al-Qasabi. (SPA)
Updated 09 March 2021

Saudi Arabia launches women’s accountancy program

Saudi Arabia launches women’s accountancy program
  • Al-Qasabi says initiative will help achieve Vision 2030 goals

RIYADH: A program to encourage Saudi women to join the accounting profession was launched on Monday by Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi.

The program is organized by the Saudi Organization for Certified Public Accountants (SOCPA).
Minister of Human Resources and Social Development Ahmed Al-Rajhi was also present at the launch event.
Describing the accounting profession as the “backbone of any company,” Al-Qasabi said the industry is “instrumental” in the national economy.
The program includes training, qualification, entrepreneurship and employment streams. It is part of Saudi government efforts to empower women and increase their participation in the national economy.
“Women today have strong will, determination and ambition to succeed in all fields, especially accounting, which requires precision, analysis and vitality. Saudi women possess all these qualities,” Al-Qasabi said.
“The program will enhance women’s role in improving the profession and help achieve the goals of Vision 2030.”
The minister said that there are 140 SOCPA-certified female accountants in the Kingdom. He added that SOCPA has cooperated with Saudi universities to help more than 10,000 accounting students benefit from programs and initiatives.
SOCPA Secretary-General Dr. Ahmed Al-Maghamis told Arab News that the organization will sign multiple agreements with the private sector to help promote accounting as a profession for Saudis.
He said that SOCPA aims to fill 20,000 auditing and accounting jobs by 2022.
The new women’s accounting program also doubles up as an initiative to increase the number of Saudi accountants and enable economic sectors to receive better access accounting and auditing services, he added.

HIGHLIGHTS

• The program includes training, qualification, entrepreneurship and employment streams.

• It is organized by the Saudi Organization for Certified Public Accountants.

“The program aims to develop the skills of Saudi women and allow them to participate in SOCPA council and committees,” Al-Maghamis said.
SOCPA is also working to establish a center to support small and medium enterprises. The women’s program includes several initiatives, such as a volunteer club and accounting leaderships, the empowerment platform and the women’s council, he said.
Dr. Ghuraibah Al-Twaiher, chairperson of the Future Women Society, said that promoting women and helping them achieve professional success is necessary for future economic growth.
“Vision 2030 recognizes the key role of women in the development process and calls for greater participation of women to build a vital society,” she said.
In line with the Future Women Society’s mission to enhance women’s integrated economic value locally and internationally, the society recently signed an agreement with the Saudi Financials Association (SFA), Al-Twaiher said.
“The society aims to enable, develop and empower women’s career and professional skills. The SFA increases public awareness of the financial and accounting industries and also contributes to the development of a national cadre that is specialized in finance and accounting,” she added.
Al-Twaiher said the memorandum of understanding with the SFA includes joint cooperation in organizing and implementing awareness campaigns..
As part of this, the two organizations will design training programs for women interested in the fields of accounting and finance.
Razan Al-Sehaibani, a certified accountant, said that women are naturally suited to accounting. She added that she chose the profession because she had the capabilities to be an active member in society and contribute to building the national economy.
She praised the future of the accounting industry as “promising,” adding that the addition of more women accountants will benefit the field.


Saudi Arabia approves incentives for Hajj and Umrah businesses

Saudi Arabia approves incentives for Hajj and Umrah businesses
Updated 09 March 2021

Saudi Arabia approves incentives for Hajj and Umrah businesses

Saudi Arabia approves incentives for Hajj and Umrah businesses
  • Incentives intended to mitigate the financial and economic repercussions of COVID-19

RIYADH: Saudi Arabia’s King Salman approved a number of incentive initiatives for establishments operating in the Hajj and Umrah sectors, Saudi Press Agency (SPA) reported on Monday.
The move comes as part of the king’s keenness to mitigate the financial and economic repercussions of the coronavirus pandemic on individuals, private sector businesses and investors.
“These initiatives come as an extension of the Kingdom’s efforts to confront the financial and economic impacts on the sectors operating in the Hajj and Umrah field and the economic activities most affected by the repercussions of the pandemic,” a statement on SPA said.
The initiatives include:
1. Accommodation facilities would be exempt of annual fees for licenses for municipal commercial activities for one year in Makkah and Madinah.
2. Hajj and Umrah sector establishments will be exempt from paying the fee for employed expats for six months.
3. Licenses for accommodation facilities from the Ministry of Tourism may be renewed free of charge for one year in Makkah and Madinah, which can be extended.
4. Collection of residency renewal fees for expatriates working in activities related to the Hajj and Umrah sector will be postponed for six months, and the amounts are to be paid in installments over a period of one year.
5. The validity of licenses (application forms) for buses operating in facilities that transport pilgrims would be extended without charge for one year.
6. Collection of customs duties for new buses for this year’s Hajj season will be postponed for three months, and to be paid in installments over a period of four months starting from the due date.
The Saudi government has launched more than 150 initiatives, the allocations of which exceeded SR180 billion ($47.9 billion), with the aim of confronting the repercussions of pandemic and mitigating its effects on individuals, the private sector and investors.