The Entertainment Industry and Luxury in Saudi Arabia

The entertainment industry has witnessed steady development jumps in the Kingdom of Saudi Arabia stemming from unlimited government support as evidenced by King Salman bin Abdulaziz’s speech (recreation represents a humanitarian need and a social requirement, in addition to being an important economic activity and source of income for countries and the private sector, and a major driver of other economic activities).

As such, Saudi Arabia has reserved its seat among the top 10 countries in the global entertainment industry.

Based on Vision 2030, the leisure sector is expected to be one of the leading industries playing a pivotal strategic role in economic and social development and promoting public health, as well as strengthening the role of domestic tourism in the national economy.

It is no secret that the Entertainment Authority has full powers to achieve its objectives. Any leisure activity you wish to invest in may direct the leisure authority to take whatever is necessary to make this possible. This legislative empowerment is only a sector in which the Government seeks a qualitative shift. The central bank revealed that the value of spending on the entertainment and culture sector reached about 3.65 billion riyals in the first quarter of 2021, the same year that many key sectors in the world were interrupted as a result of the COVID-19 pandemic.

Furthermore Seven funding institutions collaborated to launch a package of services under the guidance of His Excellency Mr. Turki bin Abdulmohsen Al-Sheikh. These services aim to support SMEs, develop the leisure sector and ensure sustainability. This will stimulate investment in this sector. In order to enable the leisure sector, the tourist visa was launched, in a historic decision that opened the way for the reception of tourists from different countries of the world, In preparation for their reception in various tourist areas throughout the year that include recreational events that reflect the special character of each area of the Red Sea West Riyadh is celebrated every year in Riyadh season that extends for 4 months without stopping.

Leisure, Sports, Culture and Fine Arts is a combination that the Entertainment Authority has been able to install to create an individual entertainment environment globally In Riyadh only you can enjoy all five senses, you can taste the world’s finest cuisine and listening to the finest Arabic performances, watching the latest cinema films and world sports shows and participating in the Riyadh Marthon, and integrating into original art sculptures through long sculptures, nothing prevents you from entertaining around the clock, which make Riyadh Your First Investment Option in Entertainment