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Saudi-French Meeting to Boost Investment in Entertainment

The Federation of Saudi Chambers (FSC), represented by the Saudi-French Business Council, hosted a high-profile French delegation representing the entertainment sector.

The visit discussed the possibilities for Saudi-French cooperation in the entertainment sector and relevant fields.

The French delegation comprises 30 business owners and French companies working in the entertainment sector in amusement parks, manufacturing sports products, building entertainment cities, e-games, consultations, and banks specialized in financing the industry and cultural and humanitarian heritage.

The meeting addressed means to enhance investments, commercial exchange, and views on issues related to the business sector between France and Saudi Arabia.

Under the Saudi Vision 2030, the contribution of the Saudi entertainment sector and concerned sectors to the GDP is expected to reach 4.2% by 2030 and provide 450,000 permanent and temporary jobs.

The tourism sector has reached a growth rate of 14%, and the number of companies working in the entertainment sector has doubled to more than 1,000 companies.

The Federation mentioned the importance of the meeting to boost the partnership between Saudi Arabia and France in the entertainment sector.

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