Saudi Arabia to invest $64 billion in entertainment sector over coming decade

Saudi Arabia is to invest $64 billion in its entertainment sector over the coming decade, an official said Thursday, as the kingdom pursues a programme of social and economic reforms.

General Entertainment Authority chief Ahmad bin Aqeel al-Khatib said the money will come from both the government and the private sector.

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The authority said earlier this week that more than 5,000 events are planned for 2018.

“We are already building the infrastructure,” Khatib said, adding that ground had been broken for an opera house.

“God willing, you will see a real change by 2020,” he said.

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