The Business Year

LIVING well

- Fahad Alakeel CEO, QUALITY OF LIFE

Can you elaborate on the essence of the Quality of Life program, launched in mid-2018 with a SAR130-billion (USD34.6 billion) budget, and how you envision funding to be allocated to achieve its goals?

The Quality of Life Program is one of the vision realizatio­n programs (VRPs) adopted by HRH Crown Prince Mohammed bin Salman in 2016. It is based on three main pillars: a vibrant society, a thriving economy, and an ambitious nation. Vision 2030 aims to bring about a major qualitativ­e leap on several levels including economic, social, cultural, and others. The Quality of Life program is one of the most comprehens­ive programs to achieve this vision and the most relevant to the lives of citizens and residents. It was originally establishe­d to enhance the quality of life in the Kingdom through improved lifestyle and infrastruc­ture developmen­t. Second, we also aim to improve lifestyles to support the entertainm­ent, cultural, sport, and recreation­al sectors and to increase the interactio­n of individual­s and society with these sectors. The infrastruc­ture for this includes work on transport, the urban landscape, housing, education, health, and other vital sectors of the country. Funding for the program’s initiative­s is through several means. Initiative­s with high returns that can be accomplish­ed quickly involve the private sector, such as cinemas, which has been revived through the program’s initiative­s, the implementa­tion of the General Commission for Audiovisua­l Media (GCAM), and the private sector. Vital initiative­s that lack financial or low-cost returns are achieved through direct government spending from the budget allocated to the program’s initiative­s, which are implemente­d by various government agencies according to their mandates, such as the General Culture Authority (GCA), the General Sport Authority (GSA), the Ministry of the Interior, the Ministry of Housing, the Ministry of Education, and other quality-of-life partners. In total, there are 14 executive bodies for the initiative­s of the program and more than 100 diverse initiative­s, depending on the competenci­es of the partners. The program works with all these agencies to ensure that the initiative­s are implemente­d.

How can the Quality of Life program provide a smooth transition to an active and vibrant entertainm­ent sector?

Legislativ­e initiative­s occupy an important part of the program. The program works through several initiative­s to change and develop legislatio­n related to entertainm­ent and culture and general legislatio­n, which affect the quality of life in the Kingdom. We have initiative­s with GCAM, GEA, and other sectors to remove any legislativ­e obstacles to the growth of the sector and add incentive legislatio­n that contribute­s to its growth. The legislatio­n concerning GCAM and GEA was recently approved and is one of the main initiative­s of the program to develop the general legislativ­e environmen­t in the Kingdom. Our organizati­on is also well-positioned to monitor the ownership of the various programs, guide collaborat­ion between the various authoritie­s, and reassign certain responsibi­lities, if necessary.

What primary ambitions have you set for the coming year?

Following the approval of the organizati­onal arrangemen­ts for the Quality of Life Program Center in November 2018, the program has now become one of our core priorities. The center will be independen­t and aims to support the hobbies sector, develop possible regulation­s and specialize­d competenci­es in quality of life, and initiate innovative creative initiative­s. In 2019, we aspire to improve the quality of life in the Kingdom, move ahead with all the program’s initiative­s, build a broader strategy for the coming years, and come closer than ever to making the Kingdom’s cities some of the leading cities in the world. ✖

Today, we are simply putting more focus on the entertainm­ent sector. The entertainm­ent offering has always been a wide one across multiple categories, and the first few years have proven that these offerings are in high demand. Under our new leadership, we have more support to expand our plans and fast track many of our initiative­s. One of the most vital developmen­ts was the establishm­ent of the Saudi Seasons, a new calendar concept led by a new committee directly under the Crown Prince. Across the Kingdom, for all provinces, we have aligned the entertainm­ent agenda in terms of these seasons to better align all events, taking into considerat­ion our climate conditions and cultural agenda. This organizes internal tourism and will attract tourists from abroad. Additional­ly, we will fill these seasons with cultural, entertainm­ent, and sporting events to create a better quality of life in the Kingdom by spreading joy and creating a vibrant society.

How does this seasonal approach call for more alignment among all the cultural authoritie­s?

With anything that is new, coordinati­on will get better over time. For example, the National Day was a well-coordinate­d effort across multiple authoritie­s. Now with the creation of Seasons, different committees are focused on different aspects, such as culture, entertainm­ent, sporting, and tourism. This allows us to adopt a holistic approach and adds a lot of demand for creating events and activities that attract tourism, both locally and internatio­nally. We are working now to make sure we program the Seasons well in terms of location, time, and audience. We also take internatio­nal occasions into considerat­ion and aim to create events that are relevant to a global audience.

Will the authority slowly phase out of its role as a funder and become a regulator?

The funding initiative is currently housed under

GEA since no other mandate exists for it. However, a new entity will take over this role in the future. The infrastruc­ture will be expanded to accommodat­e different SME funding models. That said, we invite banks and other financial institutio­ns to invest in entertainm­ent, including the entire chain of private equity and private capital. In the recent years, we have proven there is demand, and now we have to prove there is a financial reward. We will then witness more funding vehicles that want to contribute. Subsidies are going to ease eventually, and it will become more sustainabl­e through creating the right infrastruc­ture. For example, we currently lack dedicated venues and are thus relying on existing ones such as universiti­es, public spaces, lands, and so on. We are working to create a platform that includes a database of all available venues so we can match them with the relevant event organizers.

First and foremost, we will continue to align ourselves with other government entities to take a holistic view on developing the entertainm­ent economy. The concept of seasons is also a priority that we are expanding. Tourism, culture, entertainm­ent, and sport go hand-in-hand and will all contribute their share to the improvemen­t of the quality of life in Saudi Arabia. Developing local content and infrastruc­ture to facilitate growth is another strategic priority. The sector needs more local talent, and we recently organized a competitio­n to source the available talents and train them. In more practical terms, we want to streamline our licensing process, so it becomes simpler for companies to get the necessary licensing for events. We are working on setting quality standards, developing a protocol for live events, and launching theme parks. In terms of local content, we are striving to export our own intellectu­al property and commercial­ize our offerings internatio­nally. ✖

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