JEDDAH: Malls in Saudi Arabia are getting ready to take advantage of the government’s decision allowing them to open cinemas. Mall operators across the Kingdom say they are locating space for theaters and exploiting empty units.
Major work is expected in the next seven months in the preparation of malls. Mohammed Rashid Aba Al-Khiel, head of the digital sector and marketing at the Arab Centers, the largest developer, owner and operator of commercial centers in Saudi Arabia, told Arab News that the decision had been expected since the end of 2016.
“The decision comes as part of the package of economic entertainment projects to ensure that the money, or part of it, remains at home in the local content,” he said. Aba Al-Khiel added that the plans extended to cafes, entertainment and sales.
“Cinema adds to the experience of the beneficiary, especially with high temperatures and the dearth of (entertainment) options for Saudi families, which are limited to malls...”
He added: “If the operators can run movie theaters effectively, it is possible to keep pace with similar experiences in neighboring countries. We lack the operational experience in dealing with the film industry and its economic benefit. We suffer from a lack of experience in this field. Global experience should be considered.”
Malls have multiple options to take advantage of the decision, depending on the sizes and allocations of screens, diversity of the target segments and the value of the content, he explained.
The chairman of the commercial centers’ committee at the Jeddah Chamber of Commerce and Industry (JCCI), Mohammed Alawi, told Arab News that a large group of malls had considered this decision and some included its engineering plans. Some malls have included it as their first choice to expand their investment and development plans.
Alawi said: “Some of these malls are targeting areas that were vacant and will begin to move directly to reformulate these sites and arrange them economically so that they can be configured.
“After the approval, global operators from all over the world will come to create an integrated cinema style according to the latest standards. This will encourage investors to move and find financial flows in the markets.”
Alawi expects that all malls in Saudi Arabia will work to keep up with the decision in the next seven months. “Malls that do not have cinema-equipped buildings will move and provide space even if they exploit some economically inefficient locations.”
Alawi, who previously ran the Red Sea Mall, said: “The Red Sea Mall, for example, would provide at least 12 cinema screens, with at least 300 seats each, currently being built.”
He explained that the flow of capital abroad throughout the year was not justified, and greatly hurt the Saudi economy. Alwai said that 6.5 million cinema tickets are booked annually online in Bahrain, of which 5 million are from Saudi Arabia.
“SR80 billion ($21.3 billion) is spent annually outside the country. The Vision (2030) aims to keep 50 percent of them domestically. The cinema decision can revive transport, subsistence, contracting companies and jobs for Saudis.”
Ryan Kadouri, director of the Red Sea Mall, told Arab News that the decision is great and will have a positive impact on the retail sector, will create a huge economic momentum in doubling the number of visitors to malls and will revive markets after the recession experienced in the past two years.
“It will provide support to the local market and create great job opportunities for Saudis. It will help increase the number of visitors to the malls.”
He said the volume of visitors accustomed to traveling abroad is expected to reach 21 million to the Red Sea Mall in 2018 from 18 million visitors in 2017.
Kadouri said: “Cinema projects are expected to take time because they are linked to specialized international companies, and all are waiting for the official mechanisms. We are in the process of preparation. The market will recover significantly.”
He pointed out that commercial malls are looking for open spaces and to keep pace with the variables of the market.
“The right operator should be chosen as well as the importance of quality, transfer of expertise and the use of modern technologies … and the allocation of showrooms for different segments of society, and so on.”
Saudi malls gearing up for a new future with big screens and entertainment
Saudi malls gearing up for a new future with big screens and entertainment
Saudi House kicks off Davos with push on Vision 2030, AI platform and ‘humanizing’ tourism
- Saudi ministers dominate pre-summit spotlight at Saudi pavilion, touting Vision 2030’s next phase and human capital as key to global edge
- Ministry of Economy and Planning announced the SUSTAIN Platform which aims to accelerate AI-enabled, cross-sector collaboration for sustainable development
DAVOS: For regulars at the World Economic Forum, Monday in Davos is usually a chance to ease into the week, a time to reconnect, plan meetings and prepare for the intense schedule ahead.
This year, Saudi Arabia moved quickly to fill that lull, taking center stage with a packed program of panels ahead of Tuesday’s official opening.
At the Saudi House — the Kingdom’s official pavilion on the Promenade, returning after its debut as a standalone venue at the 2025 WEF Annual Meeting — Saudi ministers and global executives set out how the Kingdom sees the next phase of its transformation.
Established by the Ministry of Economy and Planning, the venue is pitched as a platform for international thought leaders to tackle the challenges, opportunities and solutions shaping the global economy.
Opening a session on the Kingdom’s role at this year’s Forum and the next phase of Vision 2030 — now in its 10th year and roughly two-thirds complete — Princess Reema bint Bandar, Saudi Arabia’s ambassador to the US, said human capital “is the actual driver if you want a competitive, modern economy.”
She described one of the biggest achievements of the past decade as the emergence of a highly qualified cohort of young Saudis who could work anywhere in the world but “choose to come home, choose to build at home and choose to deliver at home,” calling this “the biggest symbol of the success of Vision 2030.”
Who can give you optimum access to opportunities while addressing risks? I contend that Saudi Arabia has been able to provide that formula.
Khalid Al-Falih, Saudi minister of investment
On the same panel, Minister of Finance Mohammed Aljadaan said this success is rooted in a “behavioral change” that has strengthened the Kingdom’s credibility with both international partners and its own citizens.
“Credibility comes from being very pragmatic, making sure that you maintain your fiscal policy discipline, but at the same time refocus your resources where it matters,” he said, warning that “markets will call your bluff if you’re not serious.”
The Saudi House, a cross-ministerial initiative led by the Ministry of Economy and Planning, is intended to underscore the Kingdom’s “commitment to global cooperation” by offering “a platform where visionary ideas are shared and shaped,” while showcasing opportunities and lessons from its “unprecedented national transformation.”
Echoing earlier comments to Arab News, Economy and Planning Minister Faisal Alibrahim said the Kingdom’s role as an anchor of stability has helped unlock its potential, stressing that while the objective is to decouple from reliance on a single commodity, “2030 is not the finishing line.”
Khalid Al-Falih, Saudi minister of investment, said Saudi Arabia has been able to enable access to opportunities while addressing major risks, arguing that few countries can match the Kingdom’s overall mix.
“No country has all of those to 100 percent,” he said. “But who can give you the mix that gives you optimum access to opportunities while addressing all of those risks?
“I contend that Saudi Arabia has been able to provide that formula and the proof is in the pudding,” noting that local investment has doubled in recent years to reach levels comparable with India and China.
While societal transformation dominated the morning discussions, the afternoon turned to technology, tourism, sport and culture, four strategic sectors expected to spearhead Vision 2030’s next phase.
The Ministry of Economy and Planning used the day to announce the SUSTAIN Platform, due to launch in 2026, which aims to accelerate AI-enabled, cross-sector collaboration for sustainable development.
The ministry said SUSTAIN will translate the Kingdom’s public and private-sector coordination mandate into a practical national tool to help government entities, businesses, investors, academia and civil society identify credible partners, form trusted coalitions and move initiatives “from planning to implementation more efficiently,” addressing a global challenge where fragmented partnerships often slow delivery and blunt impact.
“We are in a moment in time where technology may well impact the face of humanity,” said Dina Powell McCormick, recently appointed president and vice chairman of Meta, welcoming the Kingdom’s “desire” to partner with technology companies and its embrace of innovation.
Minister of Tourism Ahmed Alkhateeb, discussing how technology is being deployed in his sector, underlined that “in travel and tourism, people are very important. We learn about other people’s culture through interacting with people. We digitalize the unnecessary and humanize the necessary.”
He added that while technological transformation is a priority, “we don’t want to replace this big workforce with technology. I think we need to protect them in Saudi Arabia, where we’re being a model. I’m an advocate of keeping the people.”
Throughout the week, Saudi House will host more than 20 sessions, including over 10 accredited by the WEF, across six themes: Bold Vision, Insights for Impact, People and Human Capability, Quality of Life, Investment and Collaboration, and Welcoming the World.
The pavilion will also launch “NextOn,” a new series of influential and educational talks featuring leading global voices.
