General Entertainment Authority Attracts Investment to Saudi Arabia

General Entertainment Authority Attracts Investment to Saudi Arabia
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General Entertainment Authority Attracts Investment to Saudi Arabia

General Entertainment Authority Attracts Investment to Saudi Arabia

The Saudi General Entertainment Authority (GEA) is counting on the sector’s ability to be a new source of investment in the Kingdom.

It is working on establishing the sector’s pillars by creating the necessary environment to form the industry’s constituents, including the manufacturers, advertisers and consumers, and their affiliated services.

Entertainment constitutes an important part of the services and tourism sectors, which are among the Kingdom Vision 2030’s main pillars.

“We are talking about the sector from a comprehensive perspective since economic diversification is a major part of the Kingdom's vision over the next 10 years,” said Saudi Minister of Economy and Planning Mohammad al-Tuwaijri.

In order to achieve sustainable growth, Tuwaijri said: “there must be a diversified development base from different sectors.”

He explained that the service sector, which includes tourism and entertainment, constitutes 10 percent of the GDP as well as 10 percent of jobs around the world.

“We focus on the impact of this sector on employment and tourism,” he said, pointing out that the GEA has in more than one occasion explained that what is spent on entertainment has double benefits on the economy.

He explained that investment is good as it helps to revive the supporting sectors, such as retail, transport services, and real estate.

“This integrated system directly affects economic growth.”

GEA Chairman Turki Al Sheikh, for his part, said that the entertainment sector is promising for investment.

He pointed out that Riyadh will now enjoy significant investment opportunities that have not been exploited yet, including the unused land, expecting these opportunities to achieve rewarding returns.

“The entertainment sector will be like the stock and real estate markets for the country,” he said.



Muslim World League, Arab Parliament Condemn Israel's Gaza Aid Blockade

Trucks line up at the Egyptian side of the Rafah border crossing between Egypt and the Gaza Strip after Israel blocked the entry of aid trucks into Gaza, Sunday, March 2, 2025. (AP Photo/Mohamed Arafat)
Trucks line up at the Egyptian side of the Rafah border crossing between Egypt and the Gaza Strip after Israel blocked the entry of aid trucks into Gaza, Sunday, March 2, 2025. (AP Photo/Mohamed Arafat)
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Muslim World League, Arab Parliament Condemn Israel's Gaza Aid Blockade

Trucks line up at the Egyptian side of the Rafah border crossing between Egypt and the Gaza Strip after Israel blocked the entry of aid trucks into Gaza, Sunday, March 2, 2025. (AP Photo/Mohamed Arafat)
Trucks line up at the Egyptian side of the Rafah border crossing between Egypt and the Gaza Strip after Israel blocked the entry of aid trucks into Gaza, Sunday, March 2, 2025. (AP Photo/Mohamed Arafat)

The Muslim World League (MWL) condemned Israel's decision to stop the entry of humanitarian aid into the Gaza Strip, the Saudi Press Agency reported on Monday.

In a statement issued by Mohammed Al-Issa, Secretary-General of the Muslim World League (MWL) and Chairman of the Association of Muslim Scholars, he denounced this decision as a blatant violation of international laws and norms. Dr. Al-Issa reiterated his call for the international community to take a firm stance against these violations and to put an end to the systematic atrocities committed against innocent civilians in the strip. He emphasized the importance of holding the perpetrators accountable.

The Arab Parliament also denounced Israel’s decision to halt humanitarian aid to the Gaza Strip, calling it a war crime against humanity.

In a statement released Sunday, the parliament said the decision violates international humanitarian law and international agreements that ensure aid reaches civilians during conflicts.

The parliament urged the international community, particularly the UN Security Council, to take immediate action to force Israel to allow aid into Gaza immediately and unconditionally. It warned that Israel is endangering innocent lives by using starvation as a weapon, especially during Ramadan.