Discover the multibillion-dollar opportunities in the Middle East and Africa cinema industry

The cinema industry in the Middle East and Africa is experiencing a challenging situation due to the third wave of the pandemic and heightened consumer preferences towards Over-The Top (OTT) services such as Netflix, Amazon and OSN. However, the industry witnessed a mild rebound in H2 2020 when the cinema halls reopened with government safety guidelines.

According to PwC, cinema box office revenues in the MENA region are expected to grow by 4% Compound Annual Growth Rate (CAGR) to US$ 1bn between 2019 and 2024, compared to a 2.4% decline worldwide. This is mainly due to KSA lifting its cinema ban in 2018, which has created a sizable new market. The market is expected to recover in 2022 and generate revenues worth US$ 0.6bn in 2021 and US$ 0.9 in 2022, respectively.

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This report is produced by our Knowledge Partner, Ventures Onsite, in conjunction with the upcoming META Cinema Forum taking place from 26 - 28 October 2021 at the Atlantis, The Palm, Dubai, UAE.

This event is the only dedicated cinema convention in the META region.

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Drop us an email at partnerships@gmevents.ae or call us directly at +971 4 568 7800.

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