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Saudi Arabia entertainment market is thriving under the General Authority for Entertainment (GAE) established by the government of Saudi Arabia, under the umbrella of the Public Investment Fund (PIF). Saudi Arabia entertainment market contains Theme Park, Amusement Park Market, Festivals and Concerts Market and revenues from other sources of Entertainment (e-gaming tournaments, events such as magic shows and comedy shows, etc.)
Saudi Arabia entertainment market is thriving under the General Authority for Entertainment (GAE) established by the government of Saudi Arabia, under the umbrella of the Public Investment Fund (PIF). Saudi Arabia entertainment market contains Theme Park, Amusement Park Market, Festivals and Concerts Market and revenues from other sources of Entertainment (e-gaming tournaments, events such as magic shows and comedy shows, etc.) Saudi Arabia Entertainment & Amusement Market is expected to be US$ 1.4 Billion by the end of the year 2030.
The government of Saudi Arabia is now supporting cafes and restaurants to host musical events and granting licenses to magic shows and stand-up comedy shows. Traditional and culturally significant local events are also encouraged by authorities. Revenues from other sources of Entertainment (e-gaming tournaments, events such as magic shows and comedy shows, etc.) are expected to rise in double-digit CAGR of 17.66 percent from 2018 to 2030.
Renub Research report titled “Saudi Arabia Entertainment & Amusement Market, Theme Park (Indoor Family Entertainment Centres - FEC’s, Outdoor Amusement Parks) Festival, Concerts, by Regions (Riyadh, Jeddah, Dammam / Khobar, Others (Jizan, Tabouk, Taif and Al Baha), End-User (Family, Spouse, Alone, Kids Only, Others) Company (Al Hokair Group, Al Othaim, Fakieh Group, Jungle Land, Saudi Aramco Amusement Park, Event Plus, Squares Entertainment, Time Entertainment, First Entertainment Company, Belle Gate)” provides an all-encompassing insights of Saudi Arabia Entertainment Industry.
Saudi Arabia Theme Park/Amusement Park Market
Saudi Arabia Theme Park/Amusement Park Market is divided into two parts one is Indoor Family Entertainment Centres (FEC’s) and other is Outdoor Amusement Parks Market. Saudis mostly travel outside Kingdom for the entertainment, mainly in Dubai and Bahrain; there is a vast demand for theme parks and amusement parks in Saudi Arabia. Companies working in Saudi Arabia, providing amusement facilities market is growing year on year.
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