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Thu 30 Jan 2020 09:57 AM

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Cinemas to boost Saudi construction sector by $1.3bn in 2020

There are 140 cinemas planned to open in 30 malls across the country this year

Cinemas to boost Saudi construction sector by $1.3bn in 2020

There are 140 cinemas planned to open in 30 malls across the kingdom - the equivalent of 1,323 screens.

Investment in Saudi Arabia's cinema sector is expected to generate an estimated SAR5 billion ($1.3bn) in construction during 2020, according to market research done by The Great Minds Group, partner of Cinema Build KSA 2020.

There are 140 cinemas planned to open in 30 malls across the kingdom - the equivalent of 1,323 screens.

The Cinema Build KSA report revealed an estimated number of 158,760 cinema seats and more than 5,953,500 square feet of cinema carpet will be required to execute the 2020 growth plans, in addition to more than 18,852,750 square feet of gypsum boards, wall panels, mass barrier ceiling and 1,250 air handling units.

One of the main goals of the country's Vision 2030, is to increase Saudi household spending on domestic entertainment from 2.9 to 6 percent of total expenditure.

It is anticipated that the fast-growing cinema sector will also create more than 5,314 jobs this year.

Cinema Build KSA 2020 takes place at Fairmont, Riyadh from February 19-20, 2020.

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