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Venue Management Company in Saudi Arabia

Opportunity overview

Establish a local venue management firm to provide operational and management services for existing and planned venues across Saudi Arabia. 

This venture aligns with the growing demand for auxiliary support services in the Kingdom’s burgeoning entertainment sector.

Key details

Investment Size :
USD 1.8 million
Capacity :
10 venues under management
Profitability :
  • Internal Rate of Return (IRR): 19%
  • Payback Period: 6 years
Net Present Value (NPV) :
  • USD 13 million

Potential Locations

Riyadh, Jeddah, Dammam

Market Drivers

  • Over 20 target venues to be developed by 2030 as part of the National Entertainment Strategy.
  • 12,000+ events planned by 2030 requiring specialized venue management services.
  • Live events market in Saudi Arabia expected to grow at a 14% CAGR from 2021 to 2030.

Key Services

  • Venue operations support, including logistics, site preparation, and design consulting.
  • Catering, cleaning, security, and audiovisual services.
  • Enhancing guest experience through strategic partnerships and operational excellence.

Why Invest in Saudi Arabia ?

  • Government incentives, such as streamlined registration, tax exemptions, subsidies for utilities, and training cost coverage.
  • Significant growth in the entertainment sector as part of Vision 2030.
  • Access to finance through grants, loans, and equity facilitated by public and private partnerships.

Enablers and Incentives

  • Subsidies on wages and utility costs.
  • Educational and training programs for workforce development.
  • Simplified regulatory processes and access to detailed market data.
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