Saudi Entertainment Ventures (SEVEN) Heralds New Era In Saudi Arabia's Entertainment Sector
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Thursday, November 21, 2019
The population of Saudi Arabia, around 34 million people, is predominantly young the median age is 30 bright, and keen to take advantage of the nascent entertainment sector.
Key Points:
- The population of Saudi Arabia, around 34 million people, is predominantly young the median age is 30 bright, and keen to take advantage of the nascent entertainment sector.
- The Saudi Entertainment Ventures (SEVEN) Company was established by the Public Investment Fund (PIF) in December 2017 mandated to build, own and operate a host of different, world-class entertainment facilities.
- SEVEN's vision of creating an entertainment ecosystem is four-fold: launching movie theaters, recreational destinations, amusement parks and family entertainment destinations.
- Through the role as investor, developer and operator of various entertainment offerings Kingdom-wide, SEVEN is the company charged with creating a completely new entertainment ecosystem in Saudi Arabia.