Saudi Arabia Event Management Industry Market

Saudi Arabia event management market, valued at USD 2.35 Bn, grows via government initiatives, tourism, and corporate events under Vision 2030, with key segments in concerts, festivals, and exhibitions.

Region:Middle East

Author(s):Rebecca

Product Code:KRAD0333

Pages:90

Published On:August 2025

About the Report

Base Year 2024

Saudi Arabia Event Management Industry Market Overview

  • The Saudi Arabia Event Management Industry Market is valued at USD 2.35 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing number of corporate events, exhibitions, and entertainment activities, supported by government initiatives to promote tourism and cultural events as part of the Vision 2030 plan. Recent years have seen a surge in large-scale entertainment festivals, international sporting events, and business conferences, reflecting the government's commitment to diversifying the economy and enhancing the tourism sector .
  • Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their strategic locations, advanced infrastructure, and the presence of major venues and facilities. Riyadh, as the capital, hosts numerous international conferences and exhibitions, while Jeddah is known for its cultural festivals and events, attracting both local and international audiences. Dammam continues to grow as a regional hub for business and entertainment events, leveraging its proximity to the Eastern Province's industrial base .
  • In 2023, the Saudi government implemented regulations to enhance the event management sector, including the introduction of licensing requirements for event organizers. This regulation aims to ensure quality standards, safety measures, and compliance with local laws, thereby fostering a more organized and professional environment for event management. The regulatory framework has also encouraged the adoption of digital solutions and sustainability practices in event planning .
Saudi Arabia Event Management Industry Market Size

Saudi Arabia Event Management Industry Market Segmentation

By Type:The event management industry in Saudi Arabia is segmented into various types, including music concerts, festivals, sports events, exhibitions and conferences, corporate events and seminars, social events, and others. Each of these segments caters to different audiences and purposes, contributing to the overall market dynamics. Music concerts and festivals have gained significant popularity, driven by the increasing demand for entertainment and cultural experiences. Corporate events and exhibitions are also prominent, reflecting the growing business activities in the region. The adoption of hybrid and virtual event formats is also rising, especially for conferences and seminars, as organizations seek to expand reach and engagement .

Saudi Arabia Event Management Industry Market segmentation by Type.

By End-User:The end-user segmentation of the event management industry includes corporate clients, individuals, public entities, non-profit organizations, educational institutions, and others. Corporate clients are the largest segment, driven by the need for business meetings, product launches, and networking events. Individuals also contribute significantly, particularly for social events like weddings and private parties. Public entities and non-profits engage in events to promote community engagement and awareness. Educational institutions are increasingly organizing academic conferences and student events, reflecting the sector's diversification .

Saudi Arabia Event Management Industry Market segmentation by End-User.

Saudi Arabia Event Management Industry Market Competitive Landscape

The Saudi Arabia Event Management Industry Market is characterized by a dynamic mix of regional and international players. Leading participants such as Informa Markets, MICE Arabia Group, Sela Sport Company, Benchmark Events, Eventive, Al-Faisaliah Events, Live Nation Middle East, Al-Mansour Group, General Entertainment Authority (GEA), Al-Jazirah Events, Event Management Solutions, Al-Muhaidib Group, TCE Group, Al-Muhaidib Events, Eventus contribute to innovation, geographic expansion, and service delivery in this space.

Informa Markets

1998

London, United Kingdom

MICE Arabia Group

2010

Riyadh, Saudi Arabia

Sela Sport Company

1995

Jeddah, Saudi Arabia

Benchmark Events

2015

Riyadh, Saudi Arabia

Eventive

2012

Jeddah, Saudi Arabia

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate (YoY %)

Customer Retention Rate (%)

Average Event Size (Attendees per event)

Market Penetration Rate (% of total market events)

Pricing Strategy (Premium, Value, Custom)

Saudi Arabia Event Management Industry Market Industry Analysis

Growth Drivers

  • Increasing Corporate Events:The corporate sector in Saudi Arabia is projected to host over 5,000 events in future, reflecting a 15% increase from the previous period. This surge is driven by the Kingdom's Vision 2030 initiative, which aims to diversify the economy and enhance business tourism. The corporate events segment is expected to contribute approximately SAR 2.3 billion to the event management industry, highlighting the growing demand for professional event services and venues.
  • Rise in Tourism and Entertainment Activities:Saudi Arabia's tourism sector is anticipated to attract 35 million visitors in future, a significant increase from the previous period. This influx is fueled by the government's investment of SAR 120 billion in tourism infrastructure and entertainment projects. The rise in tourism is expected to create a demand for various events, including festivals and cultural exhibitions, further stimulating the event management industry and contributing to economic growth.
  • Government Initiatives for Event Hosting:The Saudi government has introduced several initiatives to promote the Kingdom as a global event destination, including the establishment of the Saudi Events Authority. In future, the government is expected to allocate SAR 1.8 billion for hosting international events, which will enhance the country's reputation and attract global organizers. These initiatives are crucial for positioning Saudi Arabia as a competitive player in the global event management market.

Market Challenges

  • Regulatory Compliance Issues:Navigating the regulatory landscape in Saudi Arabia poses significant challenges for event organizers. In future, it is estimated that compliance costs could reach SAR 600 million, impacting profitability. The complex licensing requirements and safety regulations necessitate a thorough understanding of local laws, which can deter new entrants and complicate operations for existing companies in the event management sector.
  • High Competition Among Service Providers:The event management industry in Saudi Arabia is becoming increasingly competitive, with over 1,300 registered event management companies as of the most recent period. This saturation leads to price wars and reduced profit margins, making it challenging for smaller firms to sustain operations. The intense competition necessitates differentiation through quality service and innovative offerings to capture market share effectively.

Saudi Arabia Event Management Industry Market Future Outlook

The future of the Saudi Arabia event management industry appears promising, driven by ongoing government support and a growing appetite for diverse events. As the Kingdom continues to invest in tourism and entertainment, the demand for innovative event solutions will rise. Additionally, the integration of technology and sustainability practices will shape the industry's evolution, ensuring that event organizers can meet the expectations of a more discerning audience while enhancing operational efficiency.

Market Opportunities

  • Growth in Virtual and Hybrid Events:The shift towards virtual and hybrid events is expected to create new opportunities for event organizers. With an estimated 45% of events in future adopting these formats, companies can reach wider audiences while reducing costs. This trend allows for innovative engagement strategies, making it essential for service providers to invest in technology and training to capitalize on this growing segment.
  • Increased Investment in Event Technology:The event technology market in Saudi Arabia is projected to grow by SAR 350 million in future, driven by the demand for advanced solutions such as event management software and virtual reality experiences. This investment will enhance the overall event experience, streamline operations, and provide valuable data analytics, positioning companies that embrace technology as leaders in the evolving market landscape.

Scope of the Report

SegmentSub-Segments
By Type

Music Concerts

Festivals

Sports Events

Exhibitions and Conferences

Corporate Events and Seminars

Social Events

Others

By End-User

Corporate

Individual

Public

Non-Profit Organizations

Educational Institutions

Others

By Venue Type

Indoor Venues

Outdoor Venues

Virtual Platforms

Hybrid Venues

Others

By Service Type

Event Planning

Event Marketing

Logistics and Operations

Audio-Visual Services

Catering Services

Others

By Duration

One-Day Events

Multi-Day Events

Ongoing Series of Events

Others

By Geographic Distribution

Central Region

Eastern Region

Western Region

Southern Region

Others

By Client Type

B2B Clients

B2C Clients

Government Clients

International Clients

Others

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Saudi Arabian General Investment Authority, Ministry of Culture)

Event Venues and Convention Centers

Event Production and Management Companies

Corporate Clients and Multinational Corporations

Tourism and Hospitality Sector Stakeholders

Media and Marketing Agencies

Technology Providers and Event Tech Solutions

Players Mentioned in the Report:

Informa Markets

MICE Arabia Group

Sela Sport Company

Benchmark Events

Eventive

Al-Faisaliah Events

Live Nation Middle East

Al-Mansour Group

General Entertainment Authority (GEA)

Al-Jazirah Events

Event Management Solutions

Al-Muhaidib Group

TCE Group

Al-Muhaidib Events

Eventus

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Saudi Arabia Event Management Industry Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Saudi Arabia Event Management Industry Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Saudi Arabia Event Management Industry Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Corporate Events
3.1.2 Rise in Tourism and Entertainment Activities
3.1.3 Government Initiatives for Event Hosting
3.1.4 Technological Advancements in Event Management

3.2 Market Challenges

3.2.1 Regulatory Compliance Issues
3.2.2 High Competition Among Service Providers
3.2.3 Economic Fluctuations Impacting Budgets
3.2.4 Limited Skilled Workforce

3.3 Market Opportunities

3.3.1 Growth in Virtual and Hybrid Events
3.3.2 Expansion of Event Venues
3.3.3 Increased Investment in Event Technology
3.3.4 Collaboration with International Event Organizers

3.4 Market Trends

3.4.1 Sustainability in Event Management
3.4.2 Personalization of Event Experiences
3.4.3 Use of Data Analytics for Event Planning
3.4.4 Integration of Social Media in Event Promotion

3.5 Government Regulation

3.5.1 Licensing Requirements for Event Organizers
3.5.2 Safety and Health Regulations
3.5.3 Tax Incentives for Event Hosting
3.5.4 Regulations on Sponsorship and Advertising

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Saudi Arabia Event Management Industry Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Saudi Arabia Event Management Industry Market Segmentation

8.1 By Type

8.1.1 Music Concerts
8.1.2 Festivals
8.1.3 Sports Events
8.1.4 Exhibitions and Conferences
8.1.5 Corporate Events and Seminars
8.1.6 Social Events
8.1.7 Others

8.2 By End-User

8.2.1 Corporate
8.2.2 Individual
8.2.3 Public
8.2.4 Non-Profit Organizations
8.2.5 Educational Institutions
8.2.6 Others

8.3 By Venue Type

8.3.1 Indoor Venues
8.3.2 Outdoor Venues
8.3.3 Virtual Platforms
8.3.4 Hybrid Venues
8.3.5 Others

8.4 By Service Type

8.4.1 Event Planning
8.4.2 Event Marketing
8.4.3 Logistics and Operations
8.4.4 Audio-Visual Services
8.4.5 Catering Services
8.4.6 Others

8.5 By Duration

8.5.1 One-Day Events
8.5.2 Multi-Day Events
8.5.3 Ongoing Series of Events
8.5.4 Others

8.6 By Geographic Distribution

8.6.1 Central Region
8.6.2 Eastern Region
8.6.3 Western Region
8.6.4 Southern Region
8.6.5 Others

8.7 By Client Type

8.7.1 B2B Clients
8.7.2 B2C Clients
8.7.3 Government Clients
8.7.4 International Clients
8.7.5 Others

9. Saudi Arabia Event Management Industry Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate (YoY %)
9.2.4 Customer Retention Rate (%)
9.2.5 Average Event Size (Attendees per event)
9.2.6 Market Penetration Rate (% of total market events)
9.2.7 Pricing Strategy (Premium, Value, Custom)
9.2.8 Client Satisfaction Score (Net Promoter Score or equivalent)
9.2.9 Number of Events Managed Annually
9.2.10 Brand Recognition Index (Survey-based or Social Media Reach)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Informa Markets
9.5.2 MICE Arabia Group
9.5.3 Sela Sport Company
9.5.4 Benchmark Events
9.5.5 Eventive
9.5.6 Al-Faisaliah Events
9.5.7 Live Nation Middle East
9.5.8 Al-Mansour Group
9.5.9 General Entertainment Authority (GEA)
9.5.10 Al-Jazirah Events
9.5.11 Event Management Solutions
9.5.12 Al-Muhaidib Group
9.5.13 TCE Group
9.5.14 Al-Muhaidib Events
9.5.15 Eventus

10. Saudi Arabia Event Management Industry Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Ministry of Culture
10.1.2 Ministry of Tourism
10.1.3 Ministry of Education
10.1.4 Ministry of Sports

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Corporate Event Budgets
10.2.2 Investment in Venue Development
10.2.3 Expenditure on Event Technology

10.3 Pain Point Analysis by End-User Category

10.3.1 Budget Constraints
10.3.2 Quality of Service Issues
10.3.3 Venue Availability

10.4 User Readiness for Adoption

10.4.1 Awareness of Event Management Solutions
10.4.2 Willingness to Invest in Technology

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of Event Success
10.5.2 Opportunities for Future Events

11. Saudi Arabia Event Management Industry Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from local and international event management associations
  • Review of government publications and tourism statistics from the Saudi Arabian Ministry of Tourism
  • Examination of market trends and forecasts from reputable market research firms focusing on the Middle East

Primary Research

  • Interviews with event planners and managers from leading event management companies in Saudi Arabia
  • Surveys targeting corporate clients who frequently organize events and conferences
  • Field interviews with venue operators and suppliers in the event management ecosystem

Validation & Triangulation

  • Cross-validation of findings through multiple data sources including trade publications and expert opinions
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews comprising industry veterans

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of market size based on national GDP contribution from the tourism and hospitality sectors
  • Breakdown of event types (corporate, social, cultural) and their respective market shares
  • Incorporation of government initiatives promoting tourism and large-scale events in Saudi Arabia

Bottom-up Modeling

  • Collection of data on the number of events held annually and average spending per event
  • Operational cost analysis based on service pricing from various event management firms
  • Volume x cost calculations for different event types to derive total market value

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating factors such as economic growth, tourism influx, and cultural events
  • Scenario modeling based on potential regulatory changes and shifts in consumer preferences
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Corporate Event Management100Event Managers, Corporate Executives
Wedding and Social Events60Wedding Planners, Venue Owners
Cultural and Festival Events50Event Coordinators, Cultural Affairs Officers
Exhibitions and Trade Shows70Exhibition Managers, Marketing Directors
Virtual and Hybrid Events40Technology Providers, Event Technicians

Frequently Asked Questions

What is the current value of the Saudi Arabia Event Management Industry Market?

The Saudi Arabia Event Management Industry Market is valued at approximately USD 2.35 billion, reflecting significant growth driven by an increase in corporate events, exhibitions, and entertainment activities, supported by government initiatives under the Vision 2030 plan.

Which cities are the main hubs for event management in Saudi Arabia?

What types of events are most common in the Saudi Arabia Event Management Industry?

How has the Saudi government supported the event management sector?

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