Attractions Management News 16th May 2018 issue 104

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MANAGEMENT NeWS www.attractionsmanagement.com

16 MaY 2018 issUe 104

Saudi Arabia's US$13.3bn investment plan Saudi Arabia's government has revealed plans to invest SAR50bn (US$13.3bn, €11.2bn, £9.9bn) into entertainment, health, sports and education initiatives, as the country attempts to modernise and improve its citizens' quality of life. Announced on 3 May by the Kingdom's General Entertainment Authority (GEA), it is understood that the investment will generate upward of 300,000 jobs by 2020. “Government spending on the initiatives will total around 60 per cent of the investment, with 40 per cent from the private sector,”

■■Saudi Arabia wants to reduce it reliance

said Ahmed al-Khatib, GEA chair.

on oil with new entertainment ventures

“The entire benefit from this big spending will be for the private

By 2030, Saudi Arabia wants to have

sector, and this supports the 2030

more than 450 clubs providing a

Vision that strengthens its role.”

variety of cultural activities and events,

three theme parks, a waterpark, museums

spending on recreation to 6 per cent.

The entire benefit from this big spending will be for the private sector

and more cinemas as part of the initiative.

More: http://lei.sr?a=p8a3u_t

Ahmed al-Khatib, GEA chair

In the announcement, Khatib listed

VISITOR ATTRACTIONS

ZOOS

themed entertainment association names president Michael Mercadante to succeed David Willrich

with the aim of doubling household

p3

EARNINGS

Major renovation for brand new dubai safari Dubai Safari closing for work just 6 months after opening

results improving for seaWorld with strong Q1

p11

Will 2018 be SeaWorld's comeback year?

p12


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