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The Saudi Movie Confex has highlighted the fast rise of the Kingdom’s cinema sector, which has achieved SR5bn ($1.33bn) in field workplace revenues and bought 90m tickets since theatres reopened in 2018.
Abdullah Al-Qahtani, CEO of the Saudi Movie Fee, mentioned the occasion was conceived to replicate the transformational progress of the Saudi movie trade and supply a platform to unite filmmakers, decision-makers, legislative our bodies, and coaching entities to sort out challenges and discover new alternatives.
Al-Qahtani famous that the market had grown from no cinemas in 2018 to one of many fastest-expanding leisure industries within the area.
Saudi cinema field workplace
Over the previous 5 years, annual ticket gross sales climbed from round six million in 2020 to 17m by the tip of 2024, whereas revenues rose by 90 per cent, growing from SR445m ($118.7m) to SR845m ($225.3m).
Saudi movies have performed an more and more important function on this enlargement. Their complete gross sales surpassed SR120m ($32m) — a considerable leap from SR13m ($3.47m) in 2020.
This progress underscores investor confidence within the Saudi market, pushed by Imaginative and prescient 2030 and the Movie Fee’s efforts to attach traders with native filmmakers.
It featured 135 exhibitors from 35 international locations, greater than 60 professional audio system throughout the worth chain, and 50 interactive workshops masking key trade matters.
Field workplace
The occasion tackled a variety of urgent points, together with mental property rights, synthetic intelligence, movie distribution, manufacturing financing, and insurance coverage — all geared toward advancing the Kingdom’s fast-growing display sector.
Al-Qahtani mentioned the third version of the confex confirms the Kingdom of Saudi Arabia’s management within the Center East’s movie trade, reflecting the nation’s rising affect as a hub for regional and worldwide productions.
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