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  • 30-01-20

    Construction sector in Saudi Arabia to be increased by USD 1.3 bln in 2020

    (MENAFN)Based on market research done by The Great Minds Group, partner of Cinema Build KSA 2020, about SAR 5 billion (USD 1.3bn) are estimated to be produced in construction during the current year thanks to the investments in Saudi Arabia's cinema sector.

    With an equivalent of 1,323 screens, the country plans to found a total of 14 cinemas in 30 malls.

    In order to implement the 2020 growth plans, an estimated number of 158,760 cinema seats, more than 5,953,500 square feet of cinema carpet, at least 18,852,750 square feet of gypsum boards, wall panels, mass barrier ceiling and 1,250 air handling units, are required according to report by the Cinema Build KSA.

    Saudi household spending on domestic entertainment is planned to be increased from 2.9 to 6 of total expenditure as one of the main goals of the country's Vision 2030.

    MENAFN3001202000450000ID1099625528

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