The movie business is booming in Saudi Arabia


In 2018, the ban on film screenings was lifted as part of socio-economic reforms in the conservative Muslim country of Saudi Arabia. In its first year on the silver screen in the country, moviegoers spent the equivalent of $2 million. In 2021, they spent 5 crores 48 lakh dollars there. Accordingly, after four years, movie ticket sales in Saudi Arabia increased by 2,605 percent.

In 2021, the Dubai-based broadcaster Al Arabiya reported this information citing a report by the Ministry of Culture of Saudi Arabia. In April 2018, Saudi Arabia allowed cinema screenings for the first time to the public. Marvel Studios' movie "Black Panther" was screened at "AMC" cinema hall in the capital Riyadh.

The previous year in 2017, the Saudi government undertook the 'Vision-2030' plan with the aim of financial and economic reforms. Under this plan, various measures are taken to promote local growth in the country's industries. One of them is to lift the ban on the exhibition of a movie.

Currently, the number of cinema halls is increasing across Saudi Arabia. Between 2020 and 2021, 11 new cinema halls have been constructed. According to the Ministry of culture in Saudi Arabia, the number of cinema halls in the country is now 54.

On the fourth anniversary of the lifting of the ban on cinema screenings in Saudi Arabia, the country's state news agency, the Saudi Press Agency, announced the sale of 30 million tickets. In addition, the film industry has created job opportunities for 4 thousand 400 youth in the country, according to their report.


Category and Tags
More stories by
By fiscal 2030, the parent company of Uniqlo hopes to have 80% non-Japanese managers

The operator of Uniqlo, Fast Retailing, is increasing its recruitment efforts outside of Japan with the goal of having 40% of its executive officers and 80% of management be foreign nationals by the end of the company's fiscal 2030 year.The company i

KFC closes more than 100 locations in Malaysia as part of a boycott supporting Palestine

This image shows an empty KFC outlet in Jalan Sultan, Kuala Lumpur, Malaysia. (File photo)Due to the current conflict in Gaza, KFC has scaled back its operations in Malaysia and temporarily closed roughly 20% of its restaurants. This move follows mon

The hotel sector is at the top of investors' interest in Japan

Interest rates in Japan hit a 17-year high. Investors have become optimistic about the country's housing sector after the central bank's decision in March. Those concerned think that investment in the hotel sector will increase, especially in front o

Mobile manufacturing giant Huawei regains the top spot

Photo: ReutersChinese tech giant Huawei has suffered losses since 2019 due to US sanctions. The company's growth was subdued due to its post-pandemic supply chain and lack of inflation. However, in early 2024, China'...

Microsoft's AI will turn still images into videos

Microsoft is bringing a new AI tool to turn any still image captured by the camera or hand-drawn into a real video. Recently, Microsoft Research Asia unveiled a new experimental AI tool called Vasa-1. News: Engadget.The tool will be able to create a

Follow Business Habit on Facebook, Twitter