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- The Saudi Entertainment and Entertainment (SEA) Expo, to be held at the Riyadh International Convention Center from May 28-30, will reveal Saudi Arabia’s multi-billion dollar plans for the entertainment and leisure industry
Riyadh, Saudi Arabia: As part of Vision 2030, its social and economic blueprint, Saudi Arabia is stepping up efforts to develop its entertainment, cultural and leisure market into a multi-billion dollar industry while transforming the country into a global tourist destination .
Saudi Arabia’s public sector has undergone major transformations over the past few years; building new sustainable cities along its coast and deserts and attracting massive foreign investment, but none more so than its sweeping overhaul of the entertainment and leisure sector Influence. Today, the state says it will invest $64 billion into the market during 2020-2030, and experts predict that the industry will grow at an annual rate of 47.65%, and estimate that the entire industry will be around $1.17 billion by the end of the decade.
To spotlight these investment plans, trends and initiatives, Saudi Entertainment and Entertainment (SEA) Expo, the Middle East’s largest gathering of experts in the entertainment and leisure industry, will be held at the Riyadh International Convention and Exhibition Center from May 28th to 30th. Held concurrently with the Saudi Light and Sound (SLS) Expo, SEA Expo will cover all aspects of the country’s entertainment industry, with a focus on the future.
“Saudi Entertainment Ventures (VII) plans to invest US$13.3 billion to develop 21 integrated entertainment destinations in 14 cities, to the General Directorate of Entertainment
(GEA) has licensed more than 24 theme parks and 421 entertainment centers, and the outlook for the entertainment, leisure and tourism market in Saudi Arabia over the next seven years is very positive,” said Director of Sarkis Kahwajian SEA Expo, a division of DMG Events.
“Saudi Arabia is currently unrivaled in its ability to rapidly develop and nurture its entertainment and leisure industry, and at this year’s SEA Expo we want to showcase, through our summit and exhibit hall, how the industry has evolved over the past few years and showcase what it has to offer. available within the next ten years,” he added.
International collaborations have been another focus of the country’s entertainment industry. In addition to buying a 100% stake in US-based AMC Entertainment Holdings in Saudi Arabia, Saudi Entertainment Ventures, a subsidiary of PIF, has partnered with a number of global brands including Warner Bros Discovery, Clip ‘n Climb and Mattel to develop new entertainment destination. Saudi Arabia’s entertainment sector has so far been boosted, with GEA providing 4,198 entertainment licenses and 3,370 live performance licenses until 2022.
With two summits and a list of over 300 exhibitors, SEA Expo will bring together industry experts from the Middle East and beyond to discuss current entertainment, leisure and culture markets, engage with experts from the private sector and government, and gain insight into the future through knowledge Learn about the entertainment industry in the country through exchanges and presentations by some of the most important experts in the region.
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For more details, please contact:
madhuzakut
RLS PR
e-mail: Mamdouh@rlspr.com
About Saudi Entertainment and Entertainment (SEA) Expo
Saudi Arabia has transformed its entertainment and leisure industry over the past few years and has now earned the title of one of the fastest growing entertainment and leisure destinations in the world. As the Kingdom expands its international footprint and expands its entertainment and leisure offerings with new cities, entertainment destinations and a host of new cultural projects, the Saudi Entertainment and Entertainment (SEA) Expo aims to shed light on these plans and create opportunities to advance the Kingdom’s 2030 long term planning.
Launched in 2019 and today the largest entertainment and leisure industry gathering in Saudi Arabia, SEA Expo connects contractors with international suppliers, provides exhibitors with a platform to showcase their services and technology to buyers, creates networking opportunities, and Building a platform for ideas – leadership, knowledge exchange and presentations from Saudi Arabia’s foremost experts.
SEA Expo 2023 will be held at the Riyadh International Convention and Exhibition Center from May 28-30, in conjunction with the Saudi Light and Sound Expo.
For more information, please visit: https://www.saudientertainmentexpo.com
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