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23-09-17
Saudi's Fund to set up USD2.67bn entertainment firm
(MENAFN) Saudi's Public Investment Fund proclaimed that it is in the process of launching a new firm that will invest in entertainment projects in the kingdom.
Meanwhile, the firm, which will have a basic capitalization of USD2.67bn, will invest in different areas of the entertainment sector.
By the end of 2030, the firm's projects plan to serve more than 50mn visitors annually and make more than 22.000 jobs in the kingdom.
Accordingly, the firm will also aim to localize the large amount of spending on entertainment outside the kingdom.
MENAFN2309201700450000ID1095889171
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