RIYADH — The General Authority for Entertainment has indicated that the entertainment sector needs SR267 billion to build suitable infrastructure for entertainment across the Kingdom, with expected investments in the entertainment sector to reach SR18 billion annually, according to a 2018 report from Flanders Investment and Trade.

Vox Cinemas, a subsidiary of UAE-based Majid Al Futtaim, was awarded the second license to open cinemas in the Kingdom. The company also plans to invest SR 2 billion in 600 screens over the next five years, which Saudi officials estimate will bring the total number of cinemas in operation to as high as 350 and the number of screens to 2500 by 2030.

The first movie theatre opened in Riyadh on April 18, 2018 and about 30 movie theatres are to be opened in 15 cities around the Kingdom within five years. Moreover, the anticipating audience is expecting to see 300 cinemas with more than 2000 screens around the Kingdom by 2030 and forecasts the sector to be worth around $1 billion over the next few years.