Mashroo3k Consulting offers a comprehensive feasibility study for an entertainment complex project in Qatar, offering the highest return on investment and the best payback period. This study is based on a thorough study of the entertainment sector in Qatar, an analysis of competitors’ strategies, and the provision of competitive bids.
The entertainment complex offers a variety of recreational services and activities such as a car racing track, haunted house, bowling alley, and video games. It targets children and youth across different age groups.
Feasibility studies provided by Mashroo3k Consulting Company help identify the Qatari market’s demand for the entertainment services offered by the complex, analyze customer preferences and how to meet them with the highest quality, and propose innovative solutions to enhance the project’s competitive advantages—ultimately aiming to achieve the best return on investment and optimal payback period.
A prime location for the entertainment complex
Availability of ATM machines
A wide range of diverse services
Cutting-edge entertainment technology and digital games
A creative and innovative marketing team
A management team with ambitious plans
Executive summary
Study project services/products
Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
In light of Project’s belief in the role of the entertainment sector in building non-oil economies, we will present the key indicators of the sector in the GCC countries:
According to the latest statistics:
The number of museums in the GCC countries stands at 306, with a total of 6,032,840 visitors.
The number of hotel establishments in the GCC countries is 11,119.
In Saudi Arabia:
The number of entertainment events reached 690, spanning 9,784 days. The total number of attendees for these events was 34,699,458.
The number of museums dedicated to archaeology, history, and heritage is 33.
The number of private museums is 195.
There are 8,499 archaeological sites, and the number of permits issued to visit these sites is 178,020 annually.
The entertainment sector is expected to contribute 4.2% to Saudi Arabia’s GDP in the upcoming years.
In the United Arab Emirates:
The number of museums in the UAE is 41, with a total of 2,322,807 visitors.
There are 260 public parks.
In Oman:
Oman has 12 museums, with visitors exceeding 408,000.
There are 51 forts and castles, with 427,000 visitors.
In Qatar:
Qatar has 291 sports facilities, with 90 football stadiums being the most common, followed by 37 covered halls.
There are 99 cinemas with a total seating capacity of 14,108 seats, showing 3,549 films according to the latest statistics.
The total number of museum and exhibition visitors in Qatar annually is 1,038,470.
In Kuwait:
The number of visitors to the Kuwait Tourism Projects Company, which provides a wide range of entertainment and recreational services, reached 1,308,514.
The number of museum visitors in Kuwait is 108,987.
Kuwait has 814 libraries, with a collection of over 2,087,513 books.
Governments in the GCC countries are keen on improving the quality of life and providing a high standard of living for their people. To achieve this, they are investing heavily in the entertainment sector. In recent years, these governments have adopted initiatives aimed at increasing the number of parks, live entertainment shows, and promoting visual and audio arts.
The entertainment and hospitality construction market in the GCC is expected to reach 642.3 billion USD by 2023, up from an estimated 466.9 billion USD in 2019.
According to the United Nations World Tourism Organization (UNWTO), the GCC is poised to receive 195 million visitors by 2030.
Global Entertainment Sector:
In 2021, the value of the global entertainment and media market was 2.34 trillion USD and is expected to grow at a compound annual growth rate (CAGR) of 4.6%, reaching 2.93 trillion USD by 2026.
Mashroo3k Company for Economic and Administrative Consultancy recommends investing in the entertainment sector for the following reasons:
In 2021, the global video game industry generated revenues of $214.2 billion, and this figure is expected to grow to $321.1 billion.
Global cinema revenues are projected to grow at an average annual rate of 20.4% during the period 2021–2026.
According to Citibank forecasts, the metaverse is expected to generate investment opportunities worth $13 trillion by the year 2030.
Global spending on Virtual Reality (VR) increased by 36.5% in 2021, reaching $2.6 billion, and is expected to grow at a compound annual growth rate (CAGR) of 24.1% from 2021 to 2026, reaching $7.6 billion.
Console gaming revenues are projected to grow at an average annual rate of 2.2% during the 2021–2026 period.
PC gaming revenues are expected to grow at an average annual rate of 4.6% over the same period (2021–2026).
