UAE’s leisure and entertainment sector is set to grow by nearly 10% annually through 2027

UAE’s leisure and entertainment sector is set to grow by nearly 10% annually through 2027

KSA’s entertainment sector to contribute 3% to its GDP and create 100,000 jobs by 2030

Dubai, UAE: Fever, the leading global live-entertainment discovery platform, cites that the UAE’s leisure and entertainment sector is set to expand by a 9.73% Compound Annual Growth Rate (CAGR) through 2027; according to MarkNtel Advisors, this forecast is attributed to increased collaboration between digital service-providing companies and attraction sites in recent years including Expo 2020. Fever’s proprietary technology is contributing to bolstering the entertainment sector, both globally and regionally, and the emerging company explains that the country’s innovative leadership in this space will continue spurring significant economic benefits in forms such as travel and tourism.

The negative impacts of COVID-19 only reinforced the importance of diversification efforts. Governments in the Middle East and North Africa (MENA) have accordingly demonstrated strong support for entertainment in their broader economic transformation strategies to build non-oil sectors and nurture industries with high job creation potential. Qatar was expected to gross $20 billion from just the FIFA World Cup, contributing to 13.5% of its Gross Domestic Product (GDP) and creating 1.5 million jobs in 2022. Saudi Arabia’s Vision 2030 is fostering similar support for its nation as the country has administered a