My first objective is for our country · “Become the leading national investor, developer and...
Transcript of My first objective is for our country · “Become the leading national investor, developer and...
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My first objective is for our country to be a pioneering and successful global model of excellence on all fronts, and I’ll work with you to achieve that.
King Salman bin Abdulaziz Al SaudCustodian of the Two Holy Mosques
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Four KSA based entertainment entities attending the 2018 IAAPA Attractions Expo
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Saudi Entertainment Ventures (SEVEN)Investing, developing and operating diverse entertainment ecosystems
Qiddya Investment Company Attracting, assisting, and licensing foreign investments in KSA
General Entertainment AuthorityRegulate and license all the activities within Entertainment sector, lead strategy development and implementation.
Saudi Arabian General Investment AuthorityProvide the potential investors with any information and support needed to invest in Saudi Arabia
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is the Kingdom’s investment promotion agency, tasked with attracting diversified investments into the country and serving as an advocate for investors. As a result, “Invest Saudi” brand has been created by the Authority to promote Saudi Arabia as a world-class destination for investments.
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“Invest Saudi” supports investors’ businesses by introducing them to key stakeholders, and offers advice and services to companies from the initial planning stage of their investment to comprehensive aftercare once they have established themselves in the Kingdom.Saudi Arabia is embarking upon an exciting journey under Vision 2030, with a compelling portfolio of investment opportunities. To find out more: www.investsaudi.sa
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7 KEY REASONS To invest in Saudi Arabia
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SAUDI ARABIA AT A GLANCE
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VISION 2030
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SUPPORT
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SAUDI ARABIA’S REFORM JOURNEY
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FOREIGN INVESTMENT REGULATION
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H.R.H. Prince Mohammed Bin Salman
“We consider culture and entertainment indispensable to our quality of life…We intend to enhance the role of government funds, while also attracting local and international investors, creating partnerships with international entertainment corporations”
Accordingly, KSA government setup the General Entertainment Authority “GEA” to diversify and enrich the entertainment offerings and experiences in Saudi Arabia
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Entertainment offerings in Saudi Arabia have traditionally lacked appeal among residents seeking experiences more aligned with global standards
Historically, locals tended to spend entertainment dollars in neighbouring countries like Bahrain and UAE
Under the goal of promoting and diversifying entertainment opportunities in KSA, a royaldecree was issued in Oct 2016to order the creation of theGeneral Entertainment Authority
I. Year-round activitiesMore than 2,200 event days in the year of 2017 and targeting 5,500 event days in 2018 with over 15 million attendees(100% increase YOY)
Entertainment sector created 20,000 jobs in its first seven months
Generated 2.05 SAR for every 1 SAR spend on entertainment activitiesTop international IP have chosen KSA as a strategic location to deliver top tier events
KSA has been intensifying efforts to improve access of entertainment
Background Efforts undertaken Impact and achievements
2018 e
2000 4000 6000
20172016
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KSA has already attracted a number of
PROMINENT TICKETED EVENTSduring the last couple of years
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KSA has the largest customer base in the regionwith the majority being youths craving for international and novel entertainment events
Total population 2016 (M) Total population split 2016 (M)
Saudi has largest population amongst GCC countries …
majority of which are under the age of 34 …
60% of KSA populatio under the age of 34
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Due to previous limitations of entertainment offering in KSA,Saudi’s havehistorically travelledfor entertainment and GEA is looking to localize this spend
~50% of international trips and ~1/3rd of total Saudi outbound expenditure spent on leisure
Number of Trips
Business and Conferences
Health and medical care
Visiting friends & relatives
Other
Mn trips
Total
Leisure
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In KSA, out-of-home entertainment spend expected to grow five times by 2030
Expected evolution of entertainment spend as % of total household spend
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GEA is looking to develop partnerships withinternational entertainment entities across all entertainment sub-sectors
GEA will support the market entry and match make international players with local partners
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“Saudi Entertainment Ventures is KSA’s national champion in the entertainment industry, established by The Public Investment Fund.“
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Purpose
Vision
Mission
“Improve the quality of life of Saudi citizens and residents and meet their recreational expectations and needs”
“Become the leading national investor, developer and operator of a diverse entertainment ecosystem in KSA”
“Identify commercial entertainment businesses to invest in and operate, attract strategic partners, and build local talent and technological capabilities”
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SEVEN’S MANDATE Develop local Entertainment industry in KSAPromote investments in entertainment activities, stimulate private sector, and create opportunities for local SMEs
Build and operate Entertainment assetsBuild, own and operate theme parks, family specialty attractions and cinemas kingdom-wide by bringing latest technology and global partnerships to the kingdom
Promote local talent and expertiseLocalize technical expertise and promote local talent in the sector by enabling knowledge transfer through global partnerships
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SAUDI ENTERTAINMENT VENTURES
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INVEST in various entertainment projects across KSA
DEVELOPentertainment projects in KSA at par with leading global benchmarks
OPERATEentertainment destinations and attractions
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OUR PLANNED PORTFOLIO
Entertainment Clusters
20 urban entertainment clusters in 14 cities in KSA
2 Theme Parks
5 regional theme parks and entertainment destinations in the megacities of KSA
Cinemas
50 cinema complexes in top 25 cities in KSA
Family and Specialty Attractions
Various innovative and differentiated attractions
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SAUDI ENTERTAINMENT VENTURESproviding an ideal platform for partners to operate in KSA
Family Entertainment Themed Restaurants
Cinema Entertainment Sports
Themed RetailSpecialty Entertainment
Boulevard for live shows and eventsVIP lounge
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SUCCESS STORIES
SAUDI ENTERTAINMENT VENTURES & AMC
The partnership brings together KSA’s most important investment vehicle with the biggest and best cinema operator in the world. The partnership intends to be the largest cinema operator in the KSA
WITH OVER
screens by 2030500
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“This will be a lucrative opportunity for AMC shareholders” Adam Aron, CEO of AMC
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A place of inspiration, discovery and engagement
Qiddiya is an integrated destination forming the epicenter of entertainment, sports, culture and the arts in the Kingdom.
A catalyst for national transformation, Qiddiya will serve untapped audienceshungry for entertainment options and professional opportunities. It will spurinnovation in the creative, hospitality and entertainment sectors.
Qiddiya will also provide inspiration through exceptional facilities, offerings and educational programs developed to thehighest global standards using the latest technology.
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VISION 2030IMPERATIVES QIDDIYA WILL ACCOMPLISH
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QIDDIYA’S 130MI2 SITE SITS ON THE DOORSTEP OF RIYADH, PROVIDING EASY ACCESS FOR ALL
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SAUDIS HAVE STRONG PURCHASING POWER WITH A MAJORITY
UNDER
35YEARS
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QIDDIYA SEEKS TO REPATRIATE A PORTION OF THE$26BN SAUDIS CURRENTLY SPEND ABROAD ANNUALLY
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FIVE CORNERSTONES FRAME CONTENT, OFFERINGS AND OVERALL DEVELOPMENT STRATEGY FOR QIDDIYA
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5 CORNERSTONES
Nature & Environment
Motion & Mobility
Sports & Wellness
Parks & Attractions
Arts & Culture
Real Estate & Community Services
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QIDDIYA’S DEVELOPMENT EVOLVES IN3 DISTINCT PHASES, WITH PHASE 1 WELL UNDERWAY
Qiddiya Development Phases
Phase 12017 - 2022
2017 2023 – 2025
De velop attractions
Parks & AttractionsMotion & MobilitySports & CultureNature & EnvironmentArts & Culture
2026 – 2035
Grow capacity
Ongoing review of key assetsRegional & international expansionsSite growthTechnological advances
2021
Design & Planning
Construction & Strategic Partnerships
Testing & Grand Opening
Phase 2 Phase 3Build a distinct anchorPlan, design and construct infrastructure and anchor attractions while creating project identity and awareness.Parks & Attractions Motion & Mobility Sports & Wellness
202020192018 2022Qiddiya Announced
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47THANK YOU
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