Gulf & Middle East Industries Eye Global Growth
The entertainment sector in the Middle East, including film, cinema and cultural attractions, is also growing in importance as governments invest in diversifying economies and building cultural/creative-economy hubs. While specific daily headlines are fewer, some notable trends sβ¦
The entertainment sector in the Middle East, including film, cinema and cultural attractions, is also growing in importance as governments invest in diversifying economies and building cultural/creative-economy hubs. While specific daily headlines are fewer, some notable trends stand out.
According to market forecasts, the Middle East cinema market is projected to grow from roughly US$1.7 billion in 2024 to about US$3.45 billion by 2033 (CAGR ~8.4 %). renub.com Additionally, in Oman, a film-city initiative (Khazaen-Barka) is acting as a driver for content production and luxury-property investment. omniacapitalgroup.com
Key dynamics
Opportunities & challenges
Outlook
The Middle Eastβs entertainment and creative-economy sectors are still early in their growth trajectory, but with market size forecasts showing strong potential, stakeholders who invest early in talent, content-creation and regional production infrastructure may reap long-term benefits. As hospitality, tourism and mobility infrastructure grow, so will demand for high-end entertainment experiences.
Written by
Charlotte Reeve
Senior correspondent Β· Capital Markets & Fintech
Charlotte cut her teeth on an equities desk before moving to the other side of the notebook. She covers capital markets, stock exchanges, and the fintech operators trying to disintermediate the banks that trained her. Sharpest on market microstructure and payments infrastructure; still reads a prospectus for fun. Based in Singapore. Reach out at charlotte.reeve@theplatinumcapital.com.
