The Business Year

SUN & SAND TO SEE

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n 2019, the Saudi entertainm­ent industry took a remarkable jump with a great variety of events, many of which were an exclusive premier for the conservati­ve Kingdom. Under the umbrella of Vision 2030’s Quality of Life Program, a comprehens­ive master plan was designed, with dedicated authoritie­s for entertainm­ent and sports and a range of project-focused developmen­t teams to work on megaprojec­ts around the country. On top of that, the Saudi Seasons were launched, 11 tourism seasons that will each take place in a different region.

Some of these projects build on the cultural heartlands of the Kingdom, in the case of AlUla tracing back to earlier civilizati­ons of around 2,000 years ago when the Wadi Al-Qura (Valley of Villages) was important crossroads of people. The most notable landmark here in Saudi’s first UNESCO World Heritage Site, is the ancient city of Mada’in Salih. Due to the efforts of the Royal Commission for AlUla, visitors will be able to take an air balloon trip to watch the more than 100 preserved tombs and rock formations from above, followed by a visit to mirror-facaded opera house.

In addition, the Diriyah Gate Developmen­t Authority is tasked with the preservati­on and redevelopm­ent of the Ad Diriyah area, the historic heartlands of the current, Third Kingdom of Saudi Arabia, and which has played a significan­t role

Iin the last 90 years of the history of the Arabian peninsula. The authority works to develop the site into a place that people can visit, while also preserving its unique heritage.

Greenfield megaprojec­ts, including both Amaala and the Red Sea Project, are large-scale developmen­t projects under the PIF and aim to develop leisure and hospitalit­y venues on the Red Sea. The goal is to advance the region and attract domestic and internatio­nal tourists. NEOM and Qiddiya are the other two, the first one a complete city to be build on the shores of the Red Sea, while the latter is a leisure and entertainm­ent city not far from Riyadh. The last new entity under the PIF is Saudi Entertainm­ent Ventures (SEVEN), which aims to build family entertainm­ent centers across the country, further opening up opportunit­ies for the private sector. In addition, Arabian Centers and Alkhozama Hospitalit­y have announced their growth ambitions in this field.

In the field of sports, the Quality of Life program is making a big push for a healthier lifestyle—including healthy food and more exercising. Leejam has been one of Saudi’s success stories, and following an IPO in September 2018, the company has rapidly expanded its gym network across the entire Kingdom. Following the approval for female gyms in 2017, the market grew by 50%, and Leejam subsequent­ly opened 29 woman-only gyms in a span of two years. ✖

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