Saudi Arabia’s MBC Group launches new HQ In Saudi Arabia –

Saudi Arabia’s media and entertainment giant MBC Group has officially opened its new headquarters in the capital Riyadh.

The new headquarters was unveiled on Monday in a glittering purple carpet ceremony attended by members of the royal family, ministers, ambassadors, representatives of diplomatic missions in Riyadh and dignitaries.

“Three decades after the beginning of MBC Group’s journey, we are finally here in Riyadh – we are finally in our homeland,” said Waleed bin Ibrahim Al Ibrahim, Chairman of MBC Group.

“It was always in our ambition to be based here. From day one of our launch in London in 1991. But at the time, we truly thought that this dream would remain what it was. Just an ambitious but impossible one. Achieving the dream.Little did we know that one day it would become a reality.

The group previously had offices in the Middle East and North Africa with its main headquarters in Dubai in the neighboring United Arab Emirates (UAE).

The company is gradually moving its operations to Riyadh from 2021 as part of Saudi Arabia’s drive to become a media and entertainment hub in the region.

The transition comes in the context of the country’s 2030 Vision Plan announced in 2017, which aims to wean the country off its dependence on gas and oil.

MBC Group CEO Sam Barnett said the new headquarters would be a “springboard to launch new projects across the kingdom”, adding that more than 80 titles were slated to be developed in Saudi Arabia in the coming months. are

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