Saudi Arabia’s Government’s Major Focus on Entertainment Sector including Movie Theaters, FEC’s, recreation centers and amusement parks driving Leisure and Entertainment Sector during 2014-2019: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Movie Theater market saw large investments, from international, regional and local movie theater companies, in the period 2018-2019 with 7 companies receiving operating licenses from GCAM, of which 3 companies set up more than 110 screens across 11 locations at the end of 2019. Financial Assistance: Saudi Entertainment Ventures, SEVEN, has been promoting investment in Saudi Arabia through private sector participation in ventures such as movie theaters, entertainment destinations, amusement parks among others. AMC Theaters opened KSA’s first movie theater with a 10% equity contribution. The investment arm of the Public Investment Fund, SEVEN had been mandated with USD 10 Billion for investment in the leisure and entertainment sector. The organization has confirmed setting up 20 entertainment destinations, 50 movie theaters and 2 amusement parks across Saudi Arabia. Growth in Inbound Tourism: Although primarily driven by religious tourism, the number of tourists grew from 18.3 million in 2014 to nearly 26 million by 2019. The government has also begun the first phase of issuing tourist visa or visas on arrivals from 49 countries. The government has issued 400,000 tourist visas as of March 2020. The first phase of tourist visas issuance is concentrating on tourism around beaches, deserts, mountains and heritage sites. The second phase of visa issuance will concentrate on tourism around Giga projects Key Investment Locations: For movie theaters and amusement parks, major top cities such as Riyadh, Dammam, and Jeddah were observed to be hotspots due to their large size, higher comparative monthly income and expenditure, and high retail occupancy rates among others. Al-Khobar, an eastern city, saw the opening of various alternate entertainment investments such as bowling alleys, VR gaming as well as trampoline parks as the region had high tourism with nearly 60% occupancy in hotels in 2019. The shift in Socio-economic Norms: Since the relaxation of rules regarding women, many entertainment destinations have welcomed this shift with the introduction of women’s only nights, such as in bowling alleys, amusement parks and trampoline parks among others. Al Hokair Time was the kingdom’s first women’s only amusement park, which began operations in 2019. The entry of women has led to innovation in products and offerings such as driving lessons on Virtual Reality equipment, mock driving lessons in amusement parks and trampoline parks introducing women’s fitness programs. The report titled “Saudi Arabia Leisure and Entertainment Market Outlook to 2025 – Movie Theater Market by Revenue (Ticket Admissions, Food, and Beverage Sales, Advertisements and Sponsorships), Amusement Park Industry (Ticket Admissions, Food and Beverage, Merchandise, Games, and Others(Parking, Sponsorships and Royalty)) and Alternate Entertainment Avenues (VR Gaming, Bowling Alley and Trampoline Parks)” by Ken Research suggested that investment in Leisure and Entertainment sector in Saudi Arabia has been growing since the unveiling of VISION 2030 in 2017. The government’s aim is to increase GDP from non-oil sources have led to revoking the ban on movie theaters, increased investment in amusement parks and FECs, and favorable investment climate for foreign investors. The movie theater industry and the amusement park industry are projected to grow at a CAGR of 15% and 5.3% respectively. Key Segments Covered: – Movie Theater Market Ticket Admissions Food and Beverages Advertisements and Sponsorships Amusement Park Market Ticket Admissions Food and Beverages Merchandise Games Others (Parking, Royalty and Sponsorships) Alternate Entertainment Investment VR Gaming Center Bowling Alley Trampoline Parks Key Target Audience Movie Theater Companies Film Distribution Companies Screen Format Companies (IMAX, 4D, 4DX) Government Entities Amusement Park Operators and Chains Real Estate Developers Mall Operators and Groups Time Period Captured in the Report: Historical Period – 2014-2019 Forecast Period – 2019-2025 Companies Covered in Report: AMC Theaters VOX Cinemas MUVI Cinemas Al Hokair Group Al Shallal Theme Park Off the Grind Emirates Bowling Alley BOUNCE Trampoline Park, Jeddah Key Topics Covered in the Report: – Saudi Arabia Entertainment Industry KSA Leisure and Entertainment Industry Research Report Saudi Arabia Leisure Industry KSA Entertainment Market KSA Entertainment Industry Saudi Arabia Movie Theater Market Growth spending on entertainment in Saudi Arabia Saudi Arabia Movie Theatre Market Growth Film Distribution Companies in Saudi Arabia Saudi Arabia Entertainment Market Growth Rate Movie Theater Companies in Saudi Arabia Saudi entertainment Major companies KSA Amusement Park Operators and Chains Analysis Saudi Arabia Screen Format Companies Growth Saudi Arabia VR Gaming Revenue For More Information on the research report, refer to below link: – Saudi Arabia Leisure and Entertainment Industry Growth Related Reports by Ken Research: – Global VR Gaming Market Outlook to 2022 – by Hardware, Software and Accessories (Motion Sensor, Masks & Gloves, Bodysuits and Others) and by Devices (PC, Consoles and Mobiles) Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth Qatar Theme Park Market Outlook to 2021 – Development of Theme Park Resorts and Edutainment Centers to Foster Growth Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: cinema industry revenue, cinema market market, Entertainment and Media market, entertainment sector in KSA, Film Distribution Companies in Saudi Arabia, Future Of Saudi Arabia Leisure and Entertainment Industry, global movie market, Global Theater Industry, Global Theater Market, KSA Amusement Park Operators and Chains Analysis, KSA Entertainment Industry, KSA Entertainment Market, KSA Leisure and Entertainment Industry, KSA Leisure and Entertainment Industry Research Report, KSA Leisure and Entertainment Market, KSA Leisure and Entertainment Market Future Outlook, KSA Leisure and Entertainment Market Research Report, leisure and Entertainment in Saudi Arabia, Leisure and Entertainment Industry, Leisure and Entertainment Industry Saudi Arabia, Leisure and Entertainment Market, Leisure and Entertainment Market Saudi Arabia, Media and Entertainment Industry in Saudi Arabia, movie market size, Movie Theater Companies in Saudi Arabia, movie theater industry, movie theater industry research reports, Movie Theater Investment Saudi Arabia, movie theater market, movie theater market research reports, Saudi Arabia Amusement Park Food and Beverage, Saudi Arabia Amusement Park Industry Analysis, Saudi Arabia Amusement Park Revenue, Saudi Arabia Entertainment & Amusement Market, Saudi Arabia Entertainment Industry, Saudi Arabia Entertainment Market, Saudi Arabia Entertainment Market Growth Rate, Saudi Arabia Entertainment Market Segmentation, saudi arabia entertainment ventures, Saudi Arabia Leisure and Entertainment Industry, Saudi Arabia Leisure and Entertainment Market, Saudi Arabia Leisure and Entertainment Market Analysis, Saudi Arabia Leisure and Entertainment Market Revenue, Saudi Arabia Leisure and Entertainment Market Share, Saudi Arabia Leisure and Entertainment Market Size, Saudi Arabia Leisure Industry, Saudi Arabia Leisure Industry Research Report, Saudi Arabia Leisure Market, Saudi Arabia Leisure Market Research Report, Saudi Arabia Movie Theater Advertising Market, Saudi Arabia Movie Theater Food and Beverages, Saudi Arabia Movie Theater Market Growth, Theater Industry, Theater Industry research reports, Theater Market, Theater Market Challenges, Theater Market Companies, Theater Market Future Outlook, Theater Market Growth, Theater Market Research Reports, Theater Market Revenue, Theater Market Share, Theater Market Size, Theater Market Top Players, Theater Market Trends