PIF to launch an Entertainment Investment Company

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1 events and initiatives October 2017 PIF to launch an Entertainment Investment Company Saudi Design Week Luxury Motor Show Kingdom Renewable Energy Summit 2017 Asia Energy Efficiency Conference The Saudi Electricity Forum Saudi Build 2017 Saudi Stone Tech 2017 Saudi Build -The PMV Series 2017

2 entertainment investment company The Public Investment Fund (PIF) is in the process of developing a new company to act as its investment arm in the Kingdom of Saudi Arabia s growing entertainment sector.

3 entertainment investment company The company, which will have an initial capitalization of SAR 10 billion, will play an active investment role in various areas of the entertainment sector, and seek to attract strategic partnerships to build the eco-system within the Kingdom. Additionally, the company will expand the scope and variety of entertainment offerings according to the latest international standards. The company s efforts will enable the development of and provide incentives for the entertainment sector, as well as building local capabilities within the Kingdom. The company is planning to invest in a number of entertainment projects, which include an entertainment complex that will be launched by The company s establishment is consistent with the ambitions within Vision 2030 to increase the Kingdom s cultural and entertainment offering, to create new employment opportunities, and to make use of the wealth of talent and energy among Saudi youth. By the end of 2030, the company s projects aim to serve more than 50 million visitors annually and create more than 22,000 jobs in the Kingdom, which will contribute around 8 billion SAR to GDP. The new company will form a central pillar of the Kingdom s diverse entertainment sector, providing new investment capital to support the sector s growth and the diversification of the Saudi economy over the short and long-term. The company will seek to localize the large amount of spending on entertainment outside the Kingdom, in addition to promoting the entertainment sector s role in diversifying revenue streams. More:

4 international luxury motor show 11th edition Riyadh, October 5-8, 2017 EXCS Motor Show provide an importance business and social event which has been the target of many car agents and national offices, along with passionate luxury cars lovers. Excs International Motor Show for luxury cars will witness this year the launch of the most modern luxury models in automotives world. More: saudi design week 4th edition Riyadh, October 5-8, 2017 Saudi Design Week returns to Saudi Arabia's capital Riyadh for its fourth edition next month. The event will bring together over 50 designers, both local and international, with the aim of establishing the region as an emerging design hub. It will encompass a main exhibition, workshops and special installations. There will also be a design conference, with speakers including Zaha Hadid Architects director Patrik Schumacher and British designer Dominic Wilcox. More:

5 saudi electricity forum 2017 Riyadh, October 10-12, 2017 The organizing of Saudi Electricity Forum by the Ministry of Energy, Industry and Mineral Resources comes as an extension to the Saudi Water and Electricity Forum, which the (former) Ministry of Water and Electricity consistently organized annually since This Forum and its associated Exhibition are considered one of the most important events in the field of electricity in the Kingdom. Specialists from the Kingdom and all over the world attend and give speeches in this Forum, and it is participated in by most of the local and international companies operating in this field. Therefore, it represents an opportunity for senior officials, experts and investors to exchange experiences and enrich knowledge in the field of electricity, and keeping abreast of the latest technologies and developments; in addition to identifying investment opportunities in the Saudi market within the framework of the Saudi Vision A major international Exhibition is associated with the Forum, it provides great opportunities for the local and international companies to directly market their innovative technologies and expertise to decision-makers, participants, and visitors. Also, it is a good chance to conduct meetings with companies, businessmen, and officials during the event. The importance of the Forum and its associated Exhibition is further assured as it coincides with the increasing work and developments that are being witnessed by the KSA, in the Electricity Sector in general, and electrical power in particular. In addition to increasing the installed power capacity and improving the efficiency of supply and demand, as well reducing consumption and diversify the resources by utilizing renewable and atomic energy. More:

6 kingdom renewable energy summit 2017 Riyadh, October 18-19, 2017 The Kingdom of Saudi Arabia s National Renewable Energy Program plays a very vital role in the country s vision to generate clean energy and has indeed captured the attention of the global solar industry since the beginning of With 9.5 gigawatts (GW) of renewable energy capacity to be achieved by 2023, the next six years will witness major transformation across the kingdom s power sector. The Renewable Energy Project Development Office (REPDO) recently shortlisted 27 companies for its Solar Projects and 24 companies for its Wind Projects out of more than 120 companies that submitted statements of qualification for Round 1 comprising of 300 MW solar power projects and 400 MW wind power projects, for which tenders are planned to be awarded in September of Saudi Arabia presents a sizable market where up to $50 billion will be invested on renewable energy development projects by The government has also increased its budget expenditure for 2017 by eight percent, taking it up to $237 billion. Hydrocarbons would remain a prime element in the energy mix in 2023, by an estimation of 60 GW. This will also be supported by nuclear energy with a generation capacity of 17.6 GW, solar at 41 GW, of which 16 GW will be generated through the use of photovoltaic cells and the balance of 25GW by concentrated solar power, wind at 9GW, waste-to-energy at 3GW and geothermal at 1GW. This two day platform has been developed to provide all the participating organizations with an exclusive insight into the Kingdom s Renewable Energy Market. This summit will provide all the participating organizations with an excellent opportunity to meet, network, exchange ideas and come up with real-time solutions to some of the region s most pressing issues. More:

7 Read more about next events and updates on Renewable Energy in Saudi Arabia HERE

8 asia energy efficency conference Riyadh, October 30 - November 2, 2017 In recognition of the rising importance of energy efficiency, the Ministry of Energy, Industry and Mineral Resources of Saudi Arabia in collaboration with the Ministry of Economy, Trade and Industry of Japan (METI) and the International Energy Forum (IEF) have announced the Asia Energy Efficiency Conference and Expo. The event will provide an exceptional platform for knowledge sharing in the form of lessons learned, best practices, and case studies aiming towards providing the industry with the latest technologies and advancements in different specialties related to energy efficiency. With more than 35 Asian and G20 countries, Asia Energy Efficiency Conference and Expo (AEECE) is a significant platform for international dialogue and cooperation that will bring world leaders, policy makers, experts, business leaders and academics together to share knowledge and expertise and discuss issues related to energy efficiency in both supply and demand sides. The conference will feature a series of events, panel discussions and an exhibition. Objectives of the event: - Address the world s pressing issues in rising energy consumption and discuss the scale of energy efficiency potential in key energy consuming sectors; - Accelerate the global adoption of energy efficiency and sustainable development; - Encourage the dialogue between broad industry stakeholders to strengthen strategic partnerships; - Promote solutions to reduce Green House Gas (GHG) emissions and other harmful impacts. - Advance innovative and new energy efficiency technologies; - Empower the young generations and entrepreneurs. More:

9 saudi built 2017 Riyadh, October 23-26, 2017 For over 35 years, Saudi Build has been Saudi Arabia s largest construction trade exhibition, attracting thousands of international manufacturers, exporters and businessmen, as well as tens of thousands of regional engineers, importers and industry professionals to connect and engage with the latest technology that the Kingdom s largest sector has to offer. Riyadh, October 23-26, 2017 Saudi Stone-Tech 2017, the 20th International Stone & Stone Technology Exhibition, will gather a powerful mix of top distributors, suppliers, manufacturers, agents and professionals from across Saudi Arabia, the region and the world. It will constitute the biggest, most opportunityladen gathering of key players in the Middle East under one roof. Riyadh, October 23-26, 2017 The 8th International Exhibition for Construction Equipment, Plant, Machinery and Vehicles is to attract the biggest names and the most prominent local and international companies along with a large number of visitors, including high level officials and decisionmakers representing both private and public sectors.

10 Read more about next events and updates on Construction Market in Saudi Arabia HERE

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