Eros Media World Announces Association with Ministry of Investment in Kingdom of Saudi Arabia (MISA)

The two entities formalized their association at Future Investment Initiative (FII) being held in Riyadh from 25-27 October 2022

Together they will focus on supporting each other in exploring and creating opportunities in Film & Entertainment content production

Mumbai, India, 2022: Eros Media World PLC (“ErosMedia”, “Eros” or the “Company”) (NYSE: EMWP), a global Indian media and entertainment company, has announced an association with the Ministry of Investment in Kingdom of Saudi Arabia (“MISA”) to develop investment opportunities and projects in the region. The two entities formalized their association at the sixth edition of the Future Investment Initiative (FII) held in Riyadh from 25-27 October 2022. The event, established by the FII Institute with Public Investment Fund (“PIF”) as founding partner has convened the world’s foremost CEOs, policymakers, investors, entrepreneurs, and young leaders to shape the future of international investment and the global economy with Ministry of Investment as a Vision Partner and many other global strategic partners.

As a part of this association, MISA will assist ErosMedia in its expansion in Saudi Arabia. MISA will also support ErosMedia in forging local partnerships and engaging with multiple investors. ErosMedia is committed to developing and producing content, enabling specialized knowledge transfer, and mounting feature films and episodic web-series – a full spectrum content ecosystem, enabled for web 3.0. in the region.

In August this year, ErosMedia announced its foray into the rapidly growing Saudi Arabian market to identify synergies with various Saudi Arabian government initiatives designed to foster growth in the media & entertainment, and technology space under its Vision 2030. This partnership with MISA will allow ErosMedia to explore further suitable opportunities to expand and contribute to the government’s vision in the region.

Commenting on the association, Pradeep Dwivedi, Group CEO, Eros Media World, says, “We are thrilled to partner with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) in its vision to accelerate reforms in the kingdom. We are an over four-decade-old media company with a global footprint that always has leveraged technology as an advantage. We have embraced the new age Web 3 revolution that is poised to alter this industry. He further adds, “This collaboration will allow us to explore opportunities in the media and entertainment space, contribute to the government’s vision, help strengthen Eros Media World’s position in the region and create value for our investors and stakeholders.”

The Future Investment Initiative (FII) was announced in September 2017 by the Public Investment Fund (PIF), Saudi Arabia’s main sovereign wealth fund, in the context of the Saudi Vision 2030 program of economic and social reform. Its goal is to catalyse positive impact in five focus areas: Education, Healthcare, Sustainability, Artificial Intelligence and Robotics which is achieved through working across three pillars – THINK, XCHANGE, ACT – to empower the brightest minds, create platforms for knowledge sharing and partnership and invest in real-world solutions that benefit everyone.