The Riyadh Season festival, which will kick off on Oct. 17, will create 46,000 seasonal jobs for Saudis in its 3,000 events and support services.
“There has been a huge turnout of sponsors for the event. Around 80% of the target has been achieved with generating around SR400 million and this was unprecedented,” said Turki Al-Sheikh, chairman of the General Entertainment Authority and head of the Riyadh Season.
He said this during the opening session of the Joy Entertainment Industry Forum in Riyadh on Sunday. Al-Sheikh said that the entertainment sector in the Kingdom is targeting 250,000 permanent jobs until 2030.
“There has been no withdrawal of organizers or participants of events thanks to the great confidence in the Kingdom’s economy,” he said at the inauguration.
The Forum witnessed GEA’s signing of a number of memoranda of understanding (MoU) with the Ministry of Communications and Information Technology, King Abdulaziz University (KAU) and Kafala Program for the financing of small and medium enterprises (SMEs).
The first MoU was signed by GEA Chairman Turki Al-Sheikh and Minister of Communications and Information Technology Al-Sawaha to develop human resources in the field of electronic games, in addition, to support and encourage entrepreneurship in the electronic games sector.
Another MoU was inked with KAU to transfer expertise in training and education, and the third one was signed with the Kafala Program and SMEs working in the entertainment sector.
The Kafala Program is a collaboration between the Ministry of Finance, represented by the Saudi Industrial Development Fund (SIDF) and Saudi banks, which aims to promote financing to SMEs within the Kingdom.
The Riyadh forum represents a new phase for a promising future in the Kingdom and is expected to have a significant impact on the local, global and regional levels, through the broad participation of companies and influential global figures. The Kingdom has become the ideal destination for entertainment in keeping with its traditions and customs.