Saudi Arabia to Become Global Leader in Entertainment Parks: Report
Saudi Arabia's entertainment parks sector is booming, fueled by Vision 2030 goals to diversify the economy and boost tourism. The Kingdom is rapidly emerging as a dominant force in the global entertainment parks industry. Boston Consulting Group (BCG) recently released a report titled 'Entertainment Parks Industry: Trends & Opportunities for Saudi Arabia.' The report highlights Saudi Arabia's ambitious plans to diversify its economy with entertainment parks playing a central role in this strategy.
The report revealed that two-thirds of Saudis express enthusiasm for visiting theme and water parks, signaling robust local demand. Over 10 new parks are underway, positioning the Kingdom as a global entertainment powerhouse. Global Trends Meet Local Ambitions
The $70 billion global entertainment park industry grows at 5% CAGR, driven by tech innovation and immersive experiences. Saudi Arabia now integrates gamified attractions, IP partnerships, and themed hospitality, mirroring global trends. 'Saudi's strategy blends local demand with global benchmarks,' Managing Director and Partner at BCG, Devanshu Mathur, said. Innovative Projects and Developments
Projects like Six Flags Qiddiya and Aquarabia promise groundbreaking rides, themed zones, and retail-dining hubs. NEOM recently partnered with Warner Bros. Discovery to launch immersive attractions, amplifying Saudi's appeal. These ventures align with a 20% Compound Annual Growth Rate (CAGR) in IP-themed hospitality, enhancing overnight stays for 40% of visitors.
BCG data shows 90% of Saudis would visit local parks yearly, with 67% open to repeat visits. This demand could spur job creation, tourism growth, and $1.2 billion in annual revenue by 2030. Mathur noted, 'Expanding regional access will solidify Saudi's global standing while boosting GDP.' Market Impact and Future Outlook
Upcoming projects in Riyadh, Jeddah, and Al Khobar aim to bridge this divide. By leveraging partnerships and tech like VR, Saudi Arabia aims to rival Orlando and Dubai, attracting 30 million annual visitors by 2030.
Survey data reveals that 90% of respondents visit parks annually, while sixty-seven percent plan multiple trips for immersive experiences. The Kingdom continues investing billions in infrastructure, technology, and innovative projects that align with Vision 2030 objectives and market trends. New park developments include record-breaking roller coasters, interactive water rides, and diverse attractions that appeal to families and thrill-seekers alike.
With strategic investments and global collaborations, Saudi Arabia's entertainment sector is set to redefine leisure tourism, delivering unmatched experiences for a diverse, tech-savvy audience. Ultimately, the Kingdom emerges as a premier entertainment hub that inspires innovation, drives economic growth, and strengthens the Kingdom's status.
Short link :
Post Views: 19
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
4 hours ago
- Saudi Gazette
BD Saudi Arabia charts a value-driven healthcare future under new leadership
Becton Dickinson (BD) in Saudi Arabia today announced its reinforced commitment to the Kingdom's ambitious healthcare transformation under the leadership of its newly appointed Country General Manager, Omar Malabarey. With a distinguished career spanning public and private healthcare sectors, Malabarey brings a wealth of experience and a clear vision to drive BD's impact on the local healthcare ecosystem. Malabarey's appointment marks a pivotal moment for BD Saudi Arabia, as he aims to leverage BD's global legacy of innovation in medical technology to foster value-based healthcare solutions, cultivate strategic partnerships, and champion local talent development, all in strong alignment with Saudi Arabia's Vision 2030. "Joining BD is a natural continuation of my mission to elevate the healthcare ecosystem in the Kingdom," said Omar Malabarey. "My focus is on creating a long-lasting impact by delivering solutions that not only enhance patient care and safety but also contribute to the efficiency and modernization of the entire healthcare system." Internally, Malabarey is dedicated to cultivating a collaborative and empowering workplace culture, positioning BD as an employer of choice for Saudi talent. Externally, his priority is to elevate BD's corporate identity beyond its well-recognized products, establishing the company as a trusted partner in healthcare transformation. Central to BD's strategic approach are its Signature Programmes™️, which address three critical areas: Patient Safety, Healthcare Worker Safety, and Healthcare Efficiency. These initiatives are designed to empower hospitals across Saudi Arabia to implement best practices in infection control, optimize workflows, and ultimately improve outcomes for both patients and medical professionals. Highlighting Saudi Arabia as a strategic and pioneering market in digital healthcare, Malabarey emphasized the Kingdom's rapid progress towards a modern, efficient, and patient-centered healthcare model under Vision 2030 and the Health Sector Transformation Program. BD is actively contributing to this shift with smart medication management systems, pharmacy robotics, and digital health solutions designed to minimize human error and maximize care has significantly expanded its local presence, now employing approximately 170 professionals and operating through seven strategic distributors. Reinforcing its commitment to local development, BD recently launched the state-of-the-art BD Training Center in Riyadh in April, providing hands-on clinical and technical training for healthcare professionals and biomedical engineers. The company also hosted its inaugural BD Healthcare Summit, convening key stakeholders to discuss the future of AI, automation, and workforce development in collaborations underpin BD's commitment to the Kingdom. These include partnerships with STC and Mobily to explore digital health innovations, a pioneering collaboration with Al Mujtamaa Pharmacy, making it the first digitally enabled pharmacy in Saudi Arabia, and a partnership with the Saudi Nursing Association aimed at developing clinical competencies and supporting the healthcare ahead, Malabarey envisions BD as a long-term healthcare enabler in Saudi Arabia, deeply invested not just in growth but in meaningful impact. From supporting local workforce initiatives to driving best practices in clinical care, BD is poised to be a central player in the country's ongoing healthcare transformation.
Arab News
5 hours ago
- Arab News
ABB launches mentorship program for female employees
ABB Saudi Arabia has launched its '2025 Women's Mentorship Program,' developed in partnership with the Saudi-Swedish Executive Women's Network. This initiative reinforces ABB Saudi Arabia's commitment to empowering Saudi female talents through cross-cultural collaboration within the Kingdom and beyond. The program is a structured initiative designed to accelerate the professional career growth of ABB Saudi Arabia's female employees by connecting them with experienced mentors from both Saudi Arabia and Sweden. Through monthly one-on-one virtual sessions, group mentoring, shadowing opportunities, and real-world business challenges, mentees will gain leadership insights, strategic guidance, and career development support. Targeting both early-career professionals and high-potential Saudi female employees at ABB Saudi Arabia, the mentorship initiative will strengthen leadership pipelines and support Saudi Arabia's Vision 2030 goals for increasing Saudi female participation in the workforce. 'This mentorship program reflects ABB Saudi Arabia's belief in the power of collaboration and shared success,' said Ali Al-Koud, country HR manager, ABB Saudi Arabia. 'By empowering our Saudi female talents and facilitating knowledge exchange with our Swedish partners, we are not only investing in individual careers — but also in the future of industry and innovation in the Kingdom.' 'We are proud to partner with ABB Saudi Arabia on this impactful initiative. It is a true model for global cooperation and women's empowerment,' said Katie Hagström, director of the Saudi-Swedish Executive Women's Network, and Mentorship Program Lead. 'By linking talented Saudi women with experienced professionals from the Kingdom and Sweden, we are building bridges of opportunity, knowledge, and mutual growth.' The program structure includes regular virtual mentorship sessions, cross-cultural networking, and a graduation ceremony recognizing outstanding achievements. Participating mentors will guide mentees through personalized development journeys, providing both strategic counsel and practical experience. As a recognized technology leader in electrification and automation, ABB Saudi Arabia continues to reinforce its reputation as an employer of choice for women. This program stands as a tangible expression of ABB's values — courage, care, curiosity, and collaboration — and a powerful step toward a more inclusive and diverse industrial future. The Saudi-Swedish Executive Women's Network is a professional network for women in Saudi Arabia and Sweden. The network exists to strengthen the commerce and communal ties between the two countries, with a focus on promoting women in entrepreneurship, board governance, and stakeholder engagement in their respective business communities and in the global market. It achieves its network mission by building direct relationships between individuals.
Saudi Gazette
8 hours ago
- Saudi Gazette
Saudi Investment Minister leads delegation to UK-Saudi Investment Summit in London
Saudi Gazette report LONDON— Saudi Minister of Investment, Eng. Khalid Al-Falih, is heading the Saudi delegation participating in the Saudi-UK Partnership and Investment Summit, which is being held on Wednesday at Mansion House in London. The summit is organized by the Saudi-British Joint Business Council and hosted by the City of London Corporation. It is supported by the Ministry of Investment and the UK Department for Business and Trade, and is attended by more than 400 policymakers, senior investors, and business leaders from both countries. The summit aims to explore prospects for bilateral cooperation and enhance partnership and investment opportunities between the United Kingdom and Saudi Arabia. It includes a high-level ministerial dialogue bringing together Minister of Investment Khalid Al-Falih and British Minister of Investment Baroness Bobby Gustafson in a special session highlighting the development of strategic relations between the two countries and their shared vision for the future. The summit sessions will address shared development priorities in line with the Kingdom's Vision 2030 and the UK's future industrial strategy, UK Invest 2035, including expanding public-private partnerships, financing infrastructure projects, developing the venture capital ecosystem, and leveraging advanced technologies such as deeptech, space science, and clean innovation. IT's agenda is designed to encourage practical dialogue, facilitate cross-border investment flows, and accelerate economic diversification by building sustainable partnerships that meet future demands.
