Prince Turki bin Talal honored with relief award

Updated 15 March 2013

Prince Turki bin Talal honored with relief award

Prince Turki bin Talal has been designated as the Arab Personality for Relief Activities for his distinguished service in the field humanitarian service.
The Arab Hospitals Federation awarded the honor to the prince at a meeting in Cairo on Thursday.
The federation, which has a membership of 1,000 hospitals in the Arab world, honored the prince in recognition of the services of his organization called “We Answer to the Call initiative” over the past 10 years. It has been undertaking impressive humanitarian activities in Palestine and Lebanon besides its services to the Syrian refugees in Jordan, Lebanon and Turkey.
The meeting coincided with the meeting of the Council of Arab Health Ministers, the Saudi Press Agency reported on Thursday.
On the occasion of receiving the award, the prince said his initiative went beyond offering relief assistance to building bridges of relations that extend to the sustainable development.
He said the initiative aims to strengthen the principle of helping suffering humanity driven forward by the principle that ‘negligence to help while you can is tantamount to is a betrayal and sin.’
The initiative involves voluntary service of Saudi and Arab volunteers and their supporting partners who believe in the principle of social responsibility. He added that the AGFUND program is in the forefront of their services.
He stressed the need for launching an Arab organization for relief with the approval of international organizations and free from bureaucratic hurdles.
The prince also lamented the poor level of Arab relief assistance which is not enough to deal with calamities compared to the services of united nation’s and international organizations working professionally in this field and stressed the need for a will to make Arabs a dependable force in the world of humanitarian activities.

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.