Thursday 22 February 2018

A night at the opera, a new dawn for the economy | Arab News

A night at the opera, a new dawn for the economy | Arab News:

"The concert goers might see a virtuoso opera singer, but the economists see the multiplier effect. Investment in the entertainment industry produces broader macro-economic benefits that will add to living standards across Saudi Arabia, and in the process improve quality of life in the Kingdom. A $64 billion investment in the entertainment industry over the next 10 years will have excited youngsters, opera fans and fun-seekers everywhere, but it will also have the economists working out the financial implications. The global value of the entertainment industry (including media) will be about $2.2 trillion by 2021, making it one of the biggest and fastest growing areas of the world economy."



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