Saudi Arabia Entertainment & Amusement Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

Saudi Arabia Entertainment & Amusement Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis
Saudi Arabia Entertainment Market is estimated to reach US$ 1,371.30 Million by 2030, according to Renub Research. 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.

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.

Renub Research 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. Nationals
2. Others

By Park Type – Market is break up into 2 Parts

1. Indoor Family Entertainment Centres
2. Outdoor Amusement Parks

By Segment – Market is break up into 4 Parts

1. Games
2. Food and Beverages
3. Merchandise
4. Sponsorship Parking, etc.
5. Park Admission

By Gender – Market is break up into 2 Parts

1. Male
2. Female

By Age Group – Market is break up into 5 Parts

1. 15-24
2. 25-34
3. 35-44
4. 45-54
5. 55 Plus

By End User – Market is break up into 5 Parts

1. With Family
2. 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 1200
2. 1201-3200
3. 3201-5400
4. 5401 Plus

By Region – Market is break up into 5 Parts

1. Riyadh
2. 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 Group
2. 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