40 cinemas to be built in Saudi Arabia, signed by PIF
The Development and Investm...
Saudi Arabia is set to receive up to 40 new cinemas following a deal signed by the nation’s Public Investment Fund (PIF).
The Development and Investment Entertainment Company (DIEC), a PIF subsidiary, has partnered with US-based satellite television channel, AMC, to operate new cinemas in the country.
The project is anticipated to develop between 30 and 40 cinemas, located across 15 Saudi Arabian cities.
DIEC and AMC’s joint venture has been scheduled to be complete within the next five years, and the country is anticipated to have between 50 and 100 cinemas across 50 cities by 2030.
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The Ministry of Culture and Information has granted its first operating license for a cinema to the joint venture.
The development of cinemas is a key source of income for the Gulf’s design and construction sectors.
Saudi Arabia’s first cinema in 30 years is set to open on 18 April in the nation’s capital city, Riyadh.
The country has incorporated DEIC this year in a bid to boost its entertainment industry through its Vision 2030 plan.
217,000 extra workers needed to meet COVID-19 recovery
As the construction industry’s recovery progresses, the Construction Industry Training Board’s (CITB) Construction Skills Network (CSN) forecasts have led the organisation to believe the industry will reach 2019 levels of output in 2022.
The CSN says there will be an increase in the number of construction workers in “most English regions” by 2025, with demands forecasted at a 1.7% rise for the East Midlands, and a 1.4% rise for the West Midlands.
Scotland and Wales are also predicted to see a surge in demand for construction workers with a total increase of 1.4% and 0.7% respectively. The North East is the only region to see a slight decline in workforce demand at -0.1%.
Wood and interior fit-out trades among the most desirable during COVID-19
According to CSN’s forecast, the trades that are the most wanted are those of wood and interior fit-outs, with both requiring around 5,500 workers per year. Other in-demand trades include technical staff and other construction professionals, requiring 5,150 workers each year, construction managers at 3,600, and the electrical installation trade, which requires 3,400 staff per year.
There is also expected to be demand for 7,850 non-construction, office-based professionals and technical and IT support staff each year. Steve Radley, Policy Director at CITB, said: “It’s great to see construction coming back so strongly and creating lots of job opportunities.
“We need to adopt new approaches to meet these growing skills needs and deliver these quickly. We are working closely with the government and FE to build better bridges between FE and work and make apprenticeships more flexible. We are also making significant investments in supporting work experience that make it easier for employers to bring in new blood.
“We must also make sure that we invest in the skills that will drive change and meet new and growing needs such as Net Zero emissions and Building Safety. We will be announcing plans soon to tackle specific skills and occupations such as leadership and management, digital skills, and skills related to energy efficiency”, he said.