The Saudi Arabian Movie Theatre Market taking off : Ken Research Story Outline The Saudi Arabian Leisure and Entertainment Market is expected to grow at a CAGR of ~15% from 2022 to 2027. MUVI Cinemas is the top player in the Saudi Arabian Theatre Market based on Revenue as well as number of theatres and screens. MUVI Studios was launched in 2022 with a plan to… Read More »
KSA Leisure and Entertainment Industry, the new oil reserve for Saudi Arabia!: Ken Research “Saudi Vision of 2030” aims to diversify Saudi Arabia’s economy, and reduce its reliance on the oil industry by stimulating growth within non-oil sectors and expand entertainment and tourism offerings. Story Outline The Saudi Arabian Leisure and Entertainment Market is expected to grow at a CAGR of ~15% from 2022 to 2027. The young population of the… Read More »
KSA’s Upcoming Attraction- The Leisure and Entertainment Industry! : Ken Research Story Outline The Saudi Arabian Public Investment Fund has allocated $ 64 billion to the Saudi Vision. It plans to invest this amount in the Leisure and Entertainment industry. The government policies such as the upliftment of the decades long cinema ban, cashback for domestically produced films and others are stepping stones to enhance the… Read More »
Saudi Arabia Entertainment Industry Future Outlook: Ken Research VR Gaming centers, trampoline parks, bowling alleys, and family entertainment centers are expected to see greater footfall as these destinations will be spread across major cities across Saudi Arabia. The percentage of household expenditure spent on leisure and entertainment is expected to rise from 2.9% in 2019 to 6% by 2025, which is forecasted to… Read More »
Saudi Arabia Amusement Park Market Outlook: Ken Research The Saudi Amusement Park industry can be dated to 1986, when Atallah Theme Park was opened in 1986 across 45,000 square meters, followed by a renewal in 2008 and renovation and grand opening in 2010. Al Shallal theme park began construction in 1999 and became operational in 2004. The park is the topmost grossing theme park… Read More »
Saudi Arabia Movie Theater Market Research Report: Ken Research How Is Saudi Arabia Movie Theater Industry Positioned? The Saudi Kingdom after a 35-year hiatus, brought back film exhibition in the country in line with its vision to make Saudi Arabia an entertainment hub in the middle east. SEVEN, a subsidiary of the country’s sovereign wealth fund PIF entered into a joint venture with AMC… Read More »
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 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… Read More »