RIYADH: The General Entertainment Authority (GEA) has so far issued 1,082 licenses to investors in the Kingdom’s entertainment sector through its digital platform, the Entertainment Gate.
The platform facilitates procedures for investors and companies working in the sector to apply for licenses, permits and accreditation certificates for specialized activities and services.
Through the platform, the GEA also issues permits to organize entertainment activities in the Kingdom.
The launch of the Entertainment Gate was part of the Kingdom’s efforts to offer online services to investors to make it easier for them to operate in the country.
The Saudi entertainment and amusement sector is forecast to be worth $1.17 billion by 2030 and grow by a massive 47.65 percent per year, according to a new industry report.
The US-based Research and Markets study said that the growth compares with just $23.77 million in 2020.
“Saudi Arabia has been putting its best effort to build a world-class entertainment hub,” the report said.