Saudi Arabia Entertainment Market is estimated to reach US$ 1,371.30 Million by 2030, according to the publisher. The Arabian society is undergoing rapid transformation, with the country implementing a range of initiatives aimed at establishing itself as a global entertainment hub. These efforts include attracting both local and international filmmakers, nurturing musical talent, and establishing theme parks and entertainment centers. This strategic approach is driving the diversification of the region's economy and promoting cultural exchange. By embracing various forms of entertainment, Arabian society is fostering a vibrant creative industry while simultaneously appealing to a global audience. These initiatives reflect the country's commitment to embracing cultural evolution and positioning itself as a destination that offers diverse and immersive entertainment experiences. February 2023 as Abdullah Al Othaim Investment Co. unveiled its ambitious plans for a groundbreaking $1.9 billion (SR7bn) entertainment project in Riyadh, Saudi Arabia.Saudi Arabia Entertainment Market was valued at US$ 318.68 Million in 2022
The entertainment market in Saudi Arabia is projected to grow at a remarkable rate of 20.01% from 2022 to 2030, reflecting significant opportunities and potential for the industry.
In pursuit of its ambitious Vision 2030, Saudi Arabia has embarked on a remarkable journey of economic diversification, notably with the implementation of a groundbreaking entertainment policy. In January 2023, Saudi Arabia's General Entertainment Authority made substantial strides in advancing the country's entertainment industry. Over 24 theme parks and 421 entertainment centers were granted licenses, showcasing the commitment to diversifying the economy in alignment with the objectives of Vision 2030. Moreover, the GEA issued 4,198 permits for entertainment events and 3,370 permits for live performances in restaurants and cafes. These initiatives reflect the Kingdom's dedication to fostering a vibrant and diverse entertainment sector, offering a wide array of options for residents and visitors to enjoy enriching experiences and contribute to the overall growth of the industry. This strategic move involves the establishment of the General Entertainment Authority (GEA) and a planned investment of USD 64 billion. The Kingdom's Vision 2030 aims to transform Saudi Arabia into a thriving society and a premier global destination for both residents and tourists alike. By channeling substantial investments into the entertainment and cultural sectors, Saudi Arabia is steadily transforming its aspirations into tangible realities. These efforts are propelling the Kingdom toward its vision of creating a vibrant society and positioning itself among the world's most sought-after places to live and visit. Saudi Arabia Entertainment Market was valued at US$ 318.68 Million in 2022.In the Saudi Arabia Entertainment & Amusement industry, nationals hold the highest market share.
By Nationality, Saudi Arabia Entertainment & Amusement Market is segmented into Nationals and Others. The nationals of Saudi Arabia hold the highest market share in the country's Entertainment & Amusement industry. This indicates that local residents play a significant role in driving the demand for entertainment and amusement offerings within the country. The preferences, cultural values, and aspirations of Saudi nationals strongly influence the types of entertainment experiences sought after and enjoyed. As the industry continues to grow and diversify, it is crucial for businesses to understand and cater to the specific needs and interests of the local population in order to effectively capture and retain their market share.In the upcoming years, park admission is projected to hold the highest market in the Saudi Arabia Entertainment & Amusement industry.
By Segment, Saudi Arabia Entertainment & Amusement Market is classified into Games, Food and Beverages, Merchandise, Sponsorship, Parking, etc and Park Admission. As visitors seek immersive experiences and access to a diverse range of attractions, park admission plays a crucial role. The demand for entry tickets and passes to various entertainment parks, including theme parks, water parks, and amusement centers, is expected to soar. With investments in new park developments and expanding existing offerings, park admission will continue to dominate the market, providing visitors with exciting and memorable experiences in the Saudi Arabian entertainment landscape.Food and beverages is the fastest-growing segment in the Saudi Arabia Entertainment & Amusement industry. With the emphasis on providing exceptional dining experiences, the industry is witnessing a surge in innovative culinary offerings and diverse beverage options to enhance the overall entertainment experience.
Males hold the highest market share in the Saudi Arabia Entertainment & Amusement industry.
By Gender, Saudi Arabia Entertainment & Amusement Market is sub segmented into Male and Female. As key participants and consumers, Saudi male individuals play a significant role in shaping the industry's growth. Their preferences, interests, and participation in various entertainment activities contribute to the dominant market share. The industry continues to cater to their diverse tastes, providing engaging experiences and entertainment offerings tailored to their preferences. Females are poised to capture a significant share in the Saudi Arabia Entertainment & Amusement industry. With a growing emphasis on inclusivity and catering to diverse audiences, the industry is actively expanding offerings to appeal to female consumers. By providing engaging and culturally appropriate entertainment options, the industry aims to create inclusive spaces that cater to the preferences and interests of female visitors, unlocking new opportunities for growth and development in the Saudi Arabian entertainment landscape.The Jeddah Entertainment & Amusement industry is experiencing a vibrant transformation, becoming a key hub for entertainment and leisure in Saudi Arabia.
By Region, Saudi Arabia Entertainment & Amusement Market is break up into Riyadh, Jeddah, Dammam/Khobar, Mekkah and Madina and Others (Jizan, Tabouk, Taif and Al Baha, etc). Jeddah, the vibrant city of Saudi Arabia, is experiencing a flourishing Entertainment & Amusement industry. With its cosmopolitan atmosphere and growing population, Jeddah has become a hotspot for entertainment and leisure activities. The city boasts a diverse range of offerings, including amusement parks, water parks, family entertainment centers, and cultural events. Jeddah's Entertainment & Amusement industry is continuously evolving, attracting both local residents and tourists alike. As the demand for immersive experiences and quality entertainment grows, Jeddah remains at the forefront, providing a dynamic and engaging entertainment landscape that reflects the city's modern and forward-thinking spirit.
Key Company
Al Hokair Group, AL Othaim, Fakieh Group, Jungle Land, Saudi Aramco Amusement Park, E-Plus (Event Plus), Time Entertainment, First Entertainment Company and Belle Gate are the some companies working in Entertainment & Amusement industry of Saudi Arabia.This report titled Saudi Arabia Entertainment & Amusement Market, by Nationality (Nationals and Others), by Park Type (Indoor Family Entertainment Centres & Outdoor Amusement Parks), by Segment (Games, Food and Beverages, Merchandise, Sponsorship, Parking, etc.& Park Admission), by Gender (Male & Female), By Age Group (15-24, 25-34, 35-44, 45-54 & 55 Plus), by End User (With Family, With Spouse, With Friends, Alone & Othe (Corporate Colleagues,Coworkers, Team Members)) by Monthly Income (Less than 1200, 1201-3200, 3201-5400 & 5401 Plus), by Regions (Riyadh, Jeddah, Dammam/Khobar, Mekkah and Madina Others (Jizan, Tabouk, Taif and Al Baha, etc)), Company (Al Hokair Group, AL Othaim, Fakieh Group, Jungle Land, Saudi Aramco Amusement Park, E-Plus (Event Plus), Time Entertainment, First Entertainment Company and Belle Gate) provides a detailed analysis of Kingdom’s Entertainment & Amusement Industry.
By Nationality - Saudi Arabia Entertainment & Amusement Market is break up into 2 Parts
1. Nationals2. Others
By Park Type - Market is break up into 2 Parts
1. Indoor Family Entertainment Centres2. Outdoor Amusement Parks
By Segment - Market is break up into 4 Parts
1. Games2. Food and Beverages
3. Merchandise
4. Sponsorship Parking, etc.
5. Park Admission
By Gender - Market is break up into 2 Parts
1. Male2. Female
By Age Group - Market is break up into 5 Parts
1. 15-242. 25-34
3. 35-44
4. 45-54
5. 55 Plus
By End User - Market is break up into 5 Parts
1. With Family2. With Spouse
3. With Friends
4. Alone
5. Other (Corporate Colleagues, Coworkers, Team Members)
By Monthly Income - Market is break up into 4 Parts
1. Less than 12002. 1201-3200
3. 3201-5400
4. 5401 Plus
By Region - Market is break up into 5 Parts
1. Riyadh2. Jeddah
3. Dammam/Khobar
4. Mekkah and Madina
5. Others (Jizan, Tabouk, Taif and Al Baha, etc)
Company Analysis have been covered from 2 viewpoints
- Overview
- Recent Development
Theme Park/Amusements Park Companies
1. Al Hokair Group2. AL Othaim
3. Fakieh Group
4. Jungle Land
5. Saudi Aramco Amusement Park
Festivals and Concerts Companies
1. E-Plus (Event Plus)2. Time Entertainment
3. First Entertainment Company
4. Belle Gate
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
5. Saudi Arabia Entertainment Survey
6. Saudi Arabia Entertainment Market
7. Market Share Analysis - Saudi Arabia Entertainment & Amusement
8. Theme Park/Amusement Park Market
9. Festivals and Concerts Market
10. Other Events Market
11. Company Analysis
List of Figures:
List of Tables:
Companies Mentioned
- Al Hokair Group
- AL Othaim
- Fakieh Group
- Jungle Land
- Saudi Aramco Amusement Park
- E-Plus (Event Plus)
- Time Entertainment
- First Entertainment Company
- Belle Gate
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 320 |
| Published | July 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 318.68 Million |
| Forecasted Market Value ( USD | $ 1371.3 Million |
| Compound Annual Growth Rate | 20.0% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 9 |
