Saudi Entertainment Sector Continues to Attract More Visitors

An event during Riyadh Season 2024. SPA
An event during Riyadh Season 2024. SPA
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Saudi Entertainment Sector Continues to Attract More Visitors

An event during Riyadh Season 2024. SPA
An event during Riyadh Season 2024. SPA

The entertainment sector in Saudi Arabia continues to attract more visitors to achieve the country's target of 150 million visitors annually by 2030.

The General Entertainment Authority announced last Friday that Riyadh Season 2024 has already welcomed over 12 million visitors since its launch on October 13 with a daily average of around 174,000 visitors.

The number of visitors to Riyadh Season 2024 has already exceeded half the total attendance of last year's season, which was 20 million visitors, with a daily average of about 150,000 visitors.

Chairman of the General Entertainment Authority Turki Alalshikh announced during a press conference for Riyadh Season 2024 that this year's edition will include 14 entertainment areas, 11 international tournaments, and 100 exhibitions and festivals.

Saudi Minister of Tourism Ahmed Al-Khatib revealed earlier this year that the country had achieved the goals of Vision 2030 by surpassing 100 million visitors. As a result, Crown Prince Mohammed bin Salman’s new strategy was set to reach 150 million visitors.

In September, the International Monetary Fund (IMF) highlighted Saudi Arabia’s tourism sector as a major contributor to the country’s economic diversification.
An IMF report acknowledged Saudi Arabia’s success in exceeding the Vision 2030 target of attracting 100 million visitors annually by 2023, seven years ahead of schedule. Tourism revenues reached $36 billion in 2023, with net tourism income increasing by 38%. The sector’s direct and indirect contribution to GDP reached 11.5% in 2023, with expectations to grow to 16% by 2034.



Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
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Non-Profit Sector Revenue in Saudi Arabia Reaches $14.5 Billion in 2023

The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA
The total revenue of non-profit sector organizations in Saudi Arabia marked a 33% increase. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) has said that the total revenue of non-profit sector organizations in the Kingdom amounted to SAR54.4 billion ($14.5 Billion) in 2023, marking a 33% increase compared to 2022.

The results, shown in the Non-Profit Sector Bulletin for 2023, indicated that health-related activities recorded the highest growth rate compared to the previous year, contributing 70% of the total revenue of the non-profit sector organizations, followed by education and research activities with a 53% increase, and volunteer brokerage and promotion activities with a 36% rise. These activities were the main contributors to the total revenue of non-profit organizations.

The bulletin also revealed that total expenditures of the non-profit sector reached SAR47 billion in 2023. Health-related activities represented the highest expenditure category, showing a 74% increase, followed by education and research activities with a 55% rise, and environmental activities with a 34% increase compared to 2022. These activities were the leading contributors to the total expenditures of non-profit organizations.

The figures also underscored the relative contribution of employed individuals to key activities within the non-profit sector in 2023. Cultural and entertainment activities led with a 27.6%, followed by social services activities at 27.2%, development and housing activities at 12.4%, health activities at 11.5%, and education and research activities at 7.5%. The remaining non-profit sector activities accounted for the remaining 13.8%.