“The cinema sector in Saudi Arabia will see significant growth, especially with GCAM’s continuous efforts to facilitate and promote national and foreign investment to enter the sector,” said Alzahrani, who will be the keynote speaker at the Cinema Build KSA Forum to be organized in Riyadh on April 14-15.

He said GCAM’s emphasis is on providing various entertainment opportunities for everyone, which will enhance and contribute to diversifying the economy.

With a population of more than 32 million, and a majority of whom are under the age of 30, Saudis spend about $30 billion annually on tourism and entertainment outside the Kingdom, which makes the move to allow movie theaters open a domestic market expected to be worth up to $1bn in annual box-office sales by 2030.