Saudi Customs reviews progress at global event

Updated 04 October 2019

Saudi Customs reviews progress at global event

  • Saudi Customs is a diamond sponsor of the conference

RIYADH: Saudi Customs is participating in the five-day International Federation of Freight Forwarders Associations (FIATA) World Conference, which began on Tuesday in Cape Town, South Africa.

Saudi Customs is a diamond sponsor of the conference, and is also hosting a pavilion in its accompanying exhibition, highlighting its endeavors to become a global logistics platform.

Saudi Customs Governor Ahmed bin Abdulaziz Al-Haqbani heads the delegation to FIATA, and he delivered a speech on Wednesday reviewing various stages of the Kingdom’s transformation under the ambitious plans of Saudi Vision 2030.

The first step for Saudi Customs, he explained, is to become the best regional customs service, contributing to the Kingdom's vision of becoming a global platform for logistical services, and raising economic competitiveness.


Cinema investment in Saudi Arabia set to hit SR5bn in 2020

Updated 28 January 2020

Cinema investment in Saudi Arabia set to hit SR5bn in 2020

  • Saudi conference study reveals 140 cinemas planned for Kingdom creating estimated 5,300 jobs
  • One of the main goals of the Vision 2030 reform plan was to increase household spending on domestic entertainment from 2.9 percent to 6 percent of total expenditure

RIYADH: Investment in building new cinemas in Saudi Arabia was expected to top SR5 billion ($1.33 billion) during 2020, according to latest figures.

Data published ahead of the Cinema Build KSA 2020 conference, taking place at the Fairmont hotel in Riyadh on Feb. 19 to 20, revealed that 140 movie theaters were planned to open in 30 malls throughout the Kingdom, creating more than 5,300 job opportunities.

The Saudi cinema industry would see enormous growth and was set to become the leader in the region having already gained attention from stakeholders around the globe, research from conference partner Great Minds Group predicted.

With a total of 1,323 screens planned for the country, demand for materials and resources to build cinemas has increased dramatically.

The Cinema Build KSA report revealed that an estimated 158,760 cinema seats and more than 5,953,500 square feet of carpet would be required to realize this year’s growth plans, in addition to more than 18,852,750 square feet of gypsum boards, wall panels, and specialist ceiling materials and 1,250 air-handling units.

One of the main goals of the Vision 2030 reform plan was to increase household spending on domestic entertainment from 2.9 percent to 6 percent of total expenditure, considering that Saudi nationals spent about $30 billion annually on tourism and entertainment outside the Kingdom.

Supporting and enhancing the fast-growing cinema sector would not only recover Saudi investments abroad but would also create more than 5,314 job opportunities in 2020 in the Saudi market, according to the Cinema Build KSA report.

The Saudi cinema industry was predicted to see enormous growth and being the largest gathering of cinema stakeholders in the Kingdom, Cinema Build KSA 2020 aims to serve as a learning center for building world-class film theaters.

The event is organized by Eyes of Cities in association with the Great Minds Group. Boasting more than 300 attendees, at least 30 sponsors and exhibitors, and 25 international speakers, the second annual conference will cover a broader aspect of the burgeoning cinema industry in the Kingdom.