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.Download the report
to learn more about:
- Overview of the Middle East & Africa Cinema Industry
- Major Cinema Projects
- Design Trends in the Cinema Industry
- Cinema Statistics in the Middle East & Africa Regions
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.Want to know more on how you can get involved?
Drop us an email at email@example.com
or call us directly at +971 4 568 7800.
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