Saudi Arabia will allocate SR4.2 billion ($1.2 billion) to develop local digital content industry. The decision follows the Cabinet’s approval of establishment of the Digital Content Council on Tuesday. The new entity will be responsible for taking initiatives to promote the fast-growing digital content industry of the Kingdom. The council will receive funding for 36 initiatives aimed at developing skills and creating more jobs in areas such as video gaming, video production and digital advertising, the Saudi Press Agency reported.