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Exponential box-office revenue growth establishes Saudi Arabia as West Asia’s foremost cinema market
05 May 2022
Public

- Ticket sales recorded 95 percent increase in 2021 over 2020 to cross $238 million mark
- Kingdom could have 2,600 movie screens by 2030 in an industry worth around $1.2 billion 

JEDDAH: In the four years since the resumption of movie screening across Saudi Arabia, the country has experienced an explosion of investment, filmgoing and box-office takings, establishing it as West Asia’s foremost cinema market.

Box office revenues in the MENA region as a whole are expected to grow by 4 percent compound annual rate to $1 billion between 2019 and 2024, compared with a 2.4 percent decline worldwide, according to data from market tracker Ventures ONSITE.

View more at https://www.arabnews.com/node/2069361/saudi-arabia

Source: Arab News

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