"The Entertainment" signs a memorandum of understanding with Riyad Bank
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16-Sep-2020
Under the direction of Turki Al-Sheikh, Chairman of the Board of Directors of the General Entertainment Authority, the Authority signed today a memorandum of understanding with Riyad Bank, in the framework of which work undertaken to develop initiatives to support business enablers for activities and events in the entertainment sector in the Kingdom.
<p>Under the direction of Turki Al-Sheikh, Chairman of the Board of Directors of the General Entertainment Authority, the Authority signed today a memorandum of understanding with Riyad Bank, in the framework of which work undertaken to develop initiatives to support business enablers for activities and events in the entertainment sector in the Kingdom.</p><p>The memorandum includes designing initiatives and business models by both parties to support business capabilities to develop operating facilities and supply chains in the entertainment sector, foremost among which are financing and human enablers, as well as logistics, system solutions enablers, procedural enablers, partnerships enablers, innovation and entrepreneurship enablers.</p><p>This memorandum comes within the framework of the authority's keenness to promote the growth process of the entertainment sector towards achieving its goals within Vision 2030 by finding solutions and programs aimed at supporting the private sector and enabling companies operating in it to grow and face challenges, including helping to overcome the economic effects of the Coronavirus pandemic.</p>