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2.5-Billion-Dollar Investment in the Saudi Audiovisual Media Sector | ASHARQ AL-AWSAT English Archive 2005 -2017
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Activities of the audiovisual convention at the Eastern province, Asharq Al-Awsat

Dammam- The General Commission for Audiovisual Media, at a convention held on audiovisual investment, revealed that the size of investment directed to audiovisual media amounts to over 9.5 billion SAR (an approximate 2.5 billion dollars), also pointing out that the size of foreign investment pouring into online gaming exceeds 800 million SAR (213 million dollars).

The data was revealed at the audiovisual investment convention for small and medium-sized enterprises which was launched yesterday, under the patronage of Saudi Prince Saud bin Nayef Governor of Eastern Province, supervised by the General Commission for Audiovisual Media and in cooperation with the Eastern Province commercial room.

The Saudi General Commission for Audiovisual Media chairman Bandar Asiri, at the convention, said that the audiovisual convention on investment for small and medium-sized enterprises is the first of its kind to be held in the Kingdom, and has coincided with the announcement of the Kingdom of Saudi Arabia’s Vision 2030. Asiri singled out that conventions of similar approach are the modular embodiment of the aspiring vision.

He clarified that the idea of the convention has been addressed over the course of the past nine months, during which new tactics were being taken into consideration post narrowing down the targets anticipated for accomplishment.

The focus was directed towards electing participants, especially young successful Saudi investors who had their talents shaped into a fruitful and dependable source of income.

The General Commission for Audiovisual Media’s spokesman Ibrahim Alrumaih highlighted that the convention aims to identify the community with the major effective role played by the General Commission for Audiovisual Media in Saudi Arabia.

Moreover, the convention would exhibit the “how to” on investing in Saudi youth who are interested in moving into the sector professionally, in addition to the business pioneers inclined to invest in the audiovisual media market.

Alrumaih pointed out that the target audience at the convention are business pioneers, small and medium-sized enterprises, private investment funds, advertisement companies within the domain of audiovisual media, media associates and digital social initiatives.

He added that the activities included sessions, workshops and a commercial exhibit – comprising a meeting point, carried throughout the convention, bringing investors and audiovisual media companies together.

Over 20 experts attending the convention discussed the outlook on the Saudi audiovisual media working sector. Discussions were conducted at specialized workshops, in addition to displaying presentations on the experiences of innovators and distinguished members of the sector.