Saudi invests $64 bn in entertainment as it tries to wean economy off oil – Business Standard

Saudi Arabia’s decades-long ban on cinemas only ended in 2018, but the desert kingdom already has Hollywood ambitions. It’s investing $64 billion in its nascent entertainment industry as part of a broader effort to wean the economy off oil and transform itself into the Middle East’s premier movie hub. … Continue reading Saudi invests $64 bn in entertainment as it tries to wean economy off oil – Business Standard