Let the show begin: World-class entertainment comes to Saudi Arabia

October 3, 2016

Jeddah, Oct 3: Since its establishment a few months ago, the General Authority for Entertainment (GAE) has been working relentlessly to introduce the Saudi public to a new form of entertainment that takes the Saudi cultural life into new dimensions.

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With a view to changing local and international perceptions, a royal decree was issued, ordering the creation of GAE, a decision that comes in tune with the announcement of the Kingdom’s Vision 2030 for the future.

The decision is of great importance as it will help strengthen both the Saudi economy and its global competitiveness.

GAE has organized a live performance, conducted by the internationally recognized iLuminate, that is taking place in Princess Nourah University’s conference hall in Riyadh. The event started on Sept. 28 and will continue till Oct. 8.

Speaking to Arab News, Ziad Al-Suhaibani, a member of the GAE’s organizing team and an official at the advisory unit of the Ministry of Economy and Planning, said that the show has been very successful so far and was attended by thousands of citizens.

“Our goal is to change the stereotypical image of the cultural entertainment that has been projected to the local audience. What is unique in these activities is that they are not catering to only one type of audience. We open the door to families, single young Saudi men and women to attend and enjoy,” Al-Suhaibani said.

“Change is happening in Saudi Arabia. A new face of Saudi Arabia is emerging — one that is modern, young and open-minded,” he said.

“Our goal is to link this change with 2030 Vision; through entertainment to help achieve the objectives of the vision,” he added.

Al-Suhaibani pointed out that the entertainment industry is a green field and customer experience of this event is world class, stressing that the activities selected are in total harmony with the Kingdom’s Vision 2030.

The audience expressed satisfaction with the show through different social media platforms.

“The iLuminate live show I attended today was spectacular and well organized. I am so glad to see such kind of activities in the Kingdom,” said one twitterati.

“Besides Arabs and Saudis, the attendees were very diverse. We’ve got visitors from Korea, Germany, Tajikistan, US, UK, Italy, France and from many other countries,” Al-Suhaibani said.

“The concept of live show is new to the Kingdom. I guess this may be the first international live show brought to the Kingdom,” he said.

On April 25, Deputy Crown Prince Mohammed bin Salman pointed out at the launch of Saudi Vision 2030 that the government is working to activate the role of various government funds in the establishment and development of recreational centers, as well as to encourage investors, both from the Kingdom and abroad, to invest in Saudi Arabia, create partnerships with international entertainment companies and have land allocated for the establishment of cultural and recreational projects such as libraries, museums, art galleries and others.

The worldwide visual “iLuminate” specializes in the field of entertainment technology that combines state-of-the-art technology with entertainers wearing lit costume and performing in the dark to create the ultimate performing art experience.

The group came from New York to perform for the first time in the Kingdom.

When it concludes its activities in Riyadh, the show will move on to Jeddah, where it will be held at King Abdullah Sports City from Oct. 12-22.

This type of visual presentation is directed at children, families and youths; it combines the latest technology and the best talents to create an exceptional experience in the field of performing arts, he added.

Earlier this years, GAE unveiled its programs and activities till the end of 2016.

They include 166 artistic performances and plays expected to be attended by half a million visitors and bring revenues of over SR43 million.

The scheduled events for October include iLuminate, which uses laser technology, as well as performances such as “Luxury Entertainment Hub.”

In November, the audience will enjoy WWE wrestling matches, the Monster Jam Food Festival, and performances by the best participants in “Arabs Got Talent” who will perform live in Riyadh, Jeddah and Dammam for three days.

There will also be graffiti drawing in the Graffiti District, an even that is expected to be fun and attract a large audience.

In December, the schedule include events like “Comic Con,” animation and cartoon characters, “Actionha”, Spartan Reese, a show by prominent actor Tareq Al-Ali “Qalb Lal Bei’” (Heart for sale), Jeddah comedy club tour “Love Factory”, which is will be performed by Artologi exhibition in the three cities.

Plans for 2017 include performances by Cirque Du Soleil, Universe Science, the Light Festival, the Lion King; they will draw an estimated 2 million visitors in 15 cities.

Experts believe that GAE will be instrumental in reducing the number of outbound tourists by 50 percent.

In this context, Abdulrahman Al-Sani, vice president of the National Committee for Tourism, said some 4.5 million Saudi tourists spent nearly $35 billion (SR131.25 billion) in 2015 in foreign countries.

This figure is poised to increase to more than $100 billion (SR375 billion) in 15 years, at an annual rate of 15 percent, he said.

The volume of money spent on outbound tourism reached SR96.2 billion in 2015, compared to SR69.3 billion in 2014, a 39 percent increase, according to estimates of the Tourism Information and Research Center at the Saudi Commission for Tourism and National Heritage (SCTNH).

GAE was created with several objectives in mind: dropping the unemployment rate from 11.6 percent to 7 percent, closer to the international rate; enhancing domestic tourism, in harmony with the Saudi Vision 2030, and supporting local festivals and activities, as tourism for entertainment purposes; activating the role of government funds to establish and develop entertainment centers; encouraging local and international investors to invest in Saudi Arabia and create partnerships; allocating lands for libraries and museums; supporting talented writers, directors and authors.

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Agencies
January 11,2020

Muscat, Jan 11: Oman's Sultan Qaboos bin Said has died, Aljazeera reported citing state television on Friday.

Qaboos was 79-year-old and was ill for a long time. He has served as the ruler of Oman since 1970 when he ousted his father in a bloodless coup.

Qaboos had no children and has not publicly named his successor.

Sultan Qaboos travelled to Belgium for a week in December for what was described then as "medical checks." He returned to Oman but speculations of his deteriorating health were rife.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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Arab News
March 9,2020

Dubai, Mar 9: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the end of the deal between Saudi Arabia and Russia that has helped to sustain crude at relatively high levels for the past three years.

There were big falls on Friday when ministers from the Organization of the Petroleum Exporting Countries (OPEC) failed to get a deal with non-OPEC members — the so-called OPEC+ — to extend output agreements. Brent oil was down nearly 10 percent at $45.27 going into the western weekend.

Saudi Aramco took immediate action to cut prices after the OPEC+ collapse, offering big discounts for crude deliveries from next month, when the current output restrictions end.

According to a notification sent to customers by Saudi Aramco, seen by Arab News, the Kingdom’s oil giant will cut between $4 and $8 per barrel, with the biggest discounts being offered to buyers in northwest Europe and the US.

Roger Diwan, an oil analyst at consultancy IHS Market, said: “We are likely to see the lowest oil prices of the past 20 years in the next quarter.”

West Texas Intermediate, the US oil benchmark, fell to $28.27 in November 2001.

The move raises the possibility of a “crude war” between the three biggest oil blocs — the US, Russia and the Arabian Gulf. Some analysts believe the American shale industry is more vulnerable to low prices than either the Russians or the Saudis.

Robin Mills, head of the Qamar consultancy, told Arab News: “I don’t think this was premeditated but Saudi Arabia has clearly swung quickly into action to put the Russians under pressure. But the Russians, with low debt and a flexible exchange rate, can cope with a few months of low prices.”

The boom in US shale has made the country the biggest oil producer in the world, but with high financing costs. Lower global prices would put a lot of shale companies out of business.

On the other hand, American motorists, and President Donald Trump, would be pleased to see lower fuel prices in an election year.

In Moscow, one prominent financier with ties to the Kingdom played down the long-term significance of the Vienna fallout.

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, told Arab News: “Saudi Arabia is our strategic partner, and cooperation between our two countries will continue in all areas. We will also continue to work within the framework of the Russia-Saudi Economic Council.”

One Russian official, who asked not to be named, added: “There is a good relationship between Alexander Novak, Russian energy minister, and his Saudi counterpart Prince Abdul Aziz bin Salman, and I am sure they will continue talking to each other less formally.”

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