• Saudi DJ Biirdperson, real name Lujain Albishi, performing as part of XChange Sound in Jeddah, Saudi Arabia. All photos: MDL Beast
    Saudi DJ Biirdperson, real name Lujain Albishi, performing as part of XChange Sound in Jeddah, Saudi Arabia. All photos: MDL Beast
  • XChange Sound is the first of a series of music industry discussions to be held throughout the year.
    XChange Sound is the first of a series of music industry discussions to be held throughout the year.
  • The sessions focused on ways to improve the music ecosystem in Saudi Arabia and the wider Mena region.
    The sessions focused on ways to improve the music ecosystem in Saudi Arabia and the wider Mena region.
  • XChange Sound also boasted DJ sets by Saudi talent, including electronic music artist Fulana.
    XChange Sound also boasted DJ sets by Saudi talent, including electronic music artist Fulana.
  • Saudi artist Fulana performed as part of the XChange Sound's official after-party.
    Saudi artist Fulana performed as part of the XChange Sound's official after-party.
  • Musicians and industry figures gather for much-needed discussions at XChange Sound.
    Musicians and industry figures gather for much-needed discussions at XChange Sound.
  • A silent disco event was also held during XChange Sound.
    A silent disco event was also held during XChange Sound.
  • Saudi rapper Lil Eazy calls for more music venues to help local artists flourish.
    Saudi rapper Lil Eazy calls for more music venues to help local artists flourish.
  • XChange Sound was held in the cultural centre Hayy Jameel in Jeddah.
    XChange Sound was held in the cultural centre Hayy Jameel in Jeddah.
  • XChange Sound will be held in Riyadh in September followed by Dubai in October.
    XChange Sound will be held in Riyadh in September followed by Dubai in October.

Saudi musicians: we need more venues to become a smash-hit industry


Saeed Saeed
  • English
  • Arabic

Saudi Arabia needs more performance venues and better professional practices for its nascent music industry to reach its full potential, industry insiders claim.

These were some of the takeaways from XChange Sound, the first of a series of discussions organised by entertainment company MDL Beast.

The inaugural event took place at Hayy Jameel in Jeddah on Wednesday and will move to Riyadh in September, before Dubai in October.

Each event brings industry professionals and talent together to discuss ways to improve and expand Saudi Arabia's music ecosystem, as well as the wider Mena region’s.

The findings from the discussions will be presented to music industry and regional government delegates at the XP Music Futures conference in Riyadh, which runs from November 28 to 30.

The workshops are the latest initiative from MDL Beast, the parent company behind dance music festival Soundstorm and electronic music label MDL Beast Records.

The company’s director of strategy Nada Alhelabi tells The National it is imperative to have these exchanges featuring seasoned and aspiring talent.

"That's because we are building and thinking about the future of the music scene," she says. "We want to think about what we need to ensure the industry here is healthy and sustainable.

"With more events popping up in Riyadh, for example, we need to ask ourselves how we can create more venues. How can we have the right licensing deals? How can talent have more opportunities to perform? This applies to the general music industry here in the region.

“So when we come to Dubai, for example, we will focus our discussions about various policies regarding music rights, copyright, publishing and all these kinds of subjects.”

Music venues bring artists together

While the discussions in Jeddah featured Saudi artists and are based on their experiences, some of the challenges and opportunities presented by the kingdom’s music scene echo those of artists in other Mena countries, such as the UAE and Lebanon.

A key point raised within the four breakout sessions is the need for more music venues catering to local artists.

"The only time we see significant increase in the followership of our artists is when they are playing live, as opposed to them simply releasing music online," says Mostafa Fahmy, marketing director from Jeddah music label Wall of Sound during the XChange Sound sessions.

"While music videos do bring some attention, it is only when people see the artist sweating on stage and doing their job they immediately connect with them and that's how fan-bases are built.”

Rapper and producer Nashmi believes music venues also serve a bigger purpose than performance opportunities.

"It's about creating a collective space where we can all gather and see different music," he says. "It is in places like these that you can meet other people with different but interesting tastes and then maybe you can collaborate together.

“These smaller venues, in my opinion, are more important than big genre-specific festivals because it brings everyone together.”

Hip-hop artist Lil Eazy at XChange Sound. Photo: MDL Beast
Hip-hop artist Lil Eazy at XChange Sound. Photo: MDL Beast

Music venues also provide more agency to independent artists as they build their careers.

“It will allow me, for example, to book a place for a single or album launch,” says hip-hop artist Lil Eazy. “At the moment I can’t create my own event because of the lack of spaces and the permits involved.

“Instead I will have to wait for a Sandstorm festival or a show at Jeddah or Riyadh Season. While I am grateful for the opportunities, this is not ideal.”

Studying the music business

XChange Sound also had discussions about an apparent "lack of professionalism" inherent within the Saudi music industry, especially when it comes to artist management.

The delegates agreed wholeheartedly with the notion that such positions should be handled by those with industry knowledge.

"Rule number one: never hire family members or friends just because they are close to you," Nashmi says.

Asim Jaan, the manager of Saudi RnB singer Hamza Hawsawi, called for music business management to be studied as a course in universities and academies.

"It's a field that requires specific and important skills. We are talking about handling negotiations, being good with numbers, the ability to work under pressure, being patient and spotting future opportunities," he says.

"On top of that, you are also dealing with creative people who can often be moody. They need support and encouragement. So there are a lot of ingredients to the role.”

While these salient points will be factored into the programming and masterclasses of the XP Music Futures conference later in the year, artists are encouraged to be more proactive in the meantime.

This is what pushed Saudi hip-hop dancer and choreographer Khadija Alsheikh to come to XChange Sound.

“I wanted to connect with other people here and see how I can contribute to the culture and move it forward, because at the end of the day this is really what it is all about,” she tells The National.

“On a personal note, my goal is to incorporate more music into what I do as a dancer. So I wanted to come here and meet other musicians and producers and when I feel confident to step out of my comfort zone and begin that part of my creative journey, I know who I can reach out to.”

Keep on pushing

XChange Sound ended with live sets by two of Saudi Arabia's most seasoned electronic music acts: DJ Vinyl Mode and electronic music producer and vocalist Fulana.

"It is unbelievable what is happening here in Saudi because we are seeing a lot of our dreams coming to reality," said Vinyl Mode, real name Mohannad Nassar, before his performance. "But at the same time, we still have to keep building and we need to work.

"We waited for so long for the music to emerge from the underground to where it is now. But now that we are here, what are we going to do about it? How are we going to structure it? As Saudi artists we can’t just be sitting at home and hoping for things to happen.

“We have to keep working and pushing."

More information on XChange Sound is available on the XP Music Futures Instagram account.

Saudi Arabia’s MDL Beast festival is nothing short of spectacular — in pictures

  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • Cosmicat has been hailed by organisers as being the first Saudi DJ from Saudi Arabia. Courtesy MDL Beast
    Cosmicat has been hailed by organisers as being the first Saudi DJ from Saudi Arabia. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
  • The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
    The first day of the MDL Beast festival in Riyadh, Saudi Arabia. The 3-day festival includes Internationally acclaimed DJ acts such as David Guetta and Steve Aioki. Courtesy MDL Beast
Specs
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UAE currency: the story behind the money in your pockets

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

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Updated: June 17, 2022, 8:08 AM