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 enhanc ....

Saudi Arabia movie theater market had begun taking shape after a 35-year hiatus. The Saudi government, in a bid to augment the entertainment opportunities across Saudi Arabia, enabled screening of movies during 2018. AMC Cinemas was the first international movie theater chain to function in Saudi Arabia with the KAFD screen that accommodates 490 ....

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 ....

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 in terms of revenue ....

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 Theaters, world’s ....

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, ha ....

The report titled “ Saudi Arabia Leisure and Entertainment Market Outlook to 2025-Movie Theatre Market by Revenue (Ticket Admissions, Food, and Beverage Sales, Advertisements and Sponsorships), Amusement Park Industry (Ticket Admissions, Food and Beverage, Merchandise, Games, and Others) and Alternate Entertainment Avenues (VR Gaming, Bowling ....