In this in-depth report, CBRE looks at how the entertainment sector has risen to spearhead the economic transformation in Saudi Arabia.
Since the announcement of Saudi Vision 2030 in 2016, the entertainment sector has risen to the forefront of the economic transformation within the Kingdom of Saudi Arabia. With one of the key objectives of the vision focusing on increasing household expenditure related to entertainment and leisure, the Saudi Government has played a central role in supporting the growth of this important sector through the implementation of a number of key initiatives and regulations, including the lift of the cinema ban as well as the introduction of new tourism visas.
In addition to this and other measures of support, the industry has expanded in line with demand for new and innovative experiences among the significant young Saudi Arabia population, resulting in new opportunities for private sector participants, and more specifically, real estate development and enhancement across the Kingdom’s wide geography.
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