GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Entertainment

 
  Share
  • The 5th edition of the Theme Parks & Entertainment Development Forum to focus on upcoming projects in the multi-billion dollar industry 
  • The event will be attended by visionaries who will address the industry challenges and discuss their solution  

April 14th, 2019; Dubai, UAE:   Eminent speakers across the Middle East's entertainment and retail industry will converge at the 5th edition of Theme Parks & Entertainment Development Forum to highlight the UAE's tremendous growth in the sectors and discuss the way forward. The two-day event will kick off on 16th April and continue till 17th April at The Meydan Hotel, Dubai, and will focus on the upcoming projects in the multi-billion dollar theme parks and entertainment industry. 

The UAE theme park visitor spending is set to grow six-fold from $105 million in 2016 to $637 million by 2020 as the country opens several new parks as it chases ambitious tourism targets, according to a new report. Likewise, PWC forecasts that the leisure and entertainment industry in the UAE will reach 45 million visitors by 2021. Estimates made by International Expo Consults, suggest the Dubai theme parks industry could generate $5 billion annual revenue by 2020.

Speaking about the importance of development of the Theme Park and Entertainment Industry in Saudi Arabia, Dr. Khaled Bin Abdullah Altareri, Directorate General of Foreign Trade said:  “The plan to bolster and develop the entertainment industry and theme parks comes amid wide-ranging economic reforms designed to lessen the country's reliance on oil revenues and to promote economic diversification in Saudi Arabia, and to attract local tourists and keep their high spending on such activities outside KSA.”

The Theme Parks & Entertainment Development Forum will be attended by leading theme park developers and industry buyers from UAE, Saudi Arabia and rest of GCC. Impressive line-up will include speakers from organizations such as Walt Disney Parks and Resorts, Farah Experiences, Miral, Saudi Arabia's Ministry of Commerce & Investment, Al Othaim Leisure, Dubai Parks and Resorts, Global Village, Expo 2020, IMG Worlds of Adventure, La Perle, Dragone, Bounce Middle East, Legoland, DXB Entertainments, Power League Gaming and many more.

Mr. Amer Bin Ahmed, Managing Director, Knauf Middle East and India said, “We are a family owned company and our products and solutions are designed to ensure a safe, sustainable and durable environment. Our solutions are very important to cater to the industry and the event is a perfect platform for us to talk about our solutions and interact with industry leaders.”

Chris Ward, President, DepthQ by Lightspeed Design, Inc. - “DepthQ by Lightspeed Design, Inc. is very pleased to again participate in the Theme Parks & Entertainment Development Forum, our past participation strengthened our brand and created great opportunities for us.  We look forward to presenting our innovative virtual reality work at this year's show”.

The event will be co-located with the 2nd edition of Malls Middle East slotted between 16th and 18thApril which will discuss challenges the industry faces in increasing footfall, enhancing customer experiences and the role of technology in improving the customer experience, among others. It will also include Interactive Group Discussions that will allow participants to discuss the various challenges. Both the events are being organized by IQPC Middle East. 

The Malls sector is large in the Middle East region and one that tourists identify with as part of the Middle Eastern experience, especially when it comes to UAE. According to a research by Euromonitor International, the retail industry in the UAE is currently worth $55 billion and is forecast to steadily rise to $63.8 billion by 2023. Malls alone contributed 11% of the GDP of UAE, amounting to $11.55 billion. They are not just places to shop and spend a few leisure hours with the family; they have become drivers of the economy.

An Alpen Capital retail report states that the size of the GCC retail sector is expected to grow by 25 percent, from $250.5 billion (AED919.33bn) in 2016 to $313.2bn (AED1.15 trillion) by 2021, driven by economic and population growth, and increase in tourist arrivals. With billions being invested in up-coming malls projects, the region is driving the latest technologies and experiences for customers to enjoy with the all-under-one-roof concept.

Steve Dumas, SVP, Design, Unibail-Rodamco-Westfield said: “The Malls Middle East Summit is an exciting platform to share ideas on where the global commercial real estate and retail development sector is heading as well as learn new insights into how Millennials and new breakthroughs in technology will enable further evolution of the industry. This summit is also a great opportunity to network with other global industry change-makers and understand the regional retail developers who are setting new benchmarks in the Middle East.'

The event will have in attendance industry visionaries such as Mohammed Alawi, CEO, Red Sea Real Estate Development Solutions, KSA; Shane Eldstrom, CEO, Al Farwaniya Property Developments, UAE;and Sam Hosn, Director, Asset Management, Al Futtaim Malls, UAE, among others. 

Leading companies including Knauf, Vivaticket, Eaton, DepthQ by Lightspeed Design, Inc., Christie Digital, Strong MDI Screens, Ticket International, Semnox Solutions, GITech Conveying Systems, Hub Parking, Eclerx, Terraco, Avigilon and Wavesurfer will also showcase their solutions at the events.



Posted by : GoDubai Editorial Team
Viewed 5679 times
Posted on : Sunday, April 14, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : IIHF Women's Challenge Cup of Asia 2019 kicks off this week
Next Story : Dubai Sports City Celebrates Kickers 4th Anniversary
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tonda 1950 Stone-set range'
Parmigiani Fleurier Kalpagraphe Chronometre Titanium
Colourful Anniversary Limited anniversary edition now available in new colors
Toric Hémisphères Rétrograde Slate The traveller's watch featuring a new guilloc...
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Pre...
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone
Sports Collection - Autumn Winter 2019
Salvatore Ferragamo Timepieces – Summer 2019 Collection
Happy Eid with Corum Golden Bridge Round 39
Picnic Indoors This Summer with Marks & Spencer
The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gö...
Kitchen Hacks: 8 Clever Ways to Smart Storing
Tissot Heritage 1973 The racing legacy
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Tec...
The Perfect Shave Kit for your Summer Travels
Ralph Lauren at The Championships, Wimbledon – Sunday 14th July
Summer Skin Rituals with SUKIN
Peugeot announces sizzling summer offers
Union Coop Reports 20% Growth in Net Profit for the First half of 2019
Dubai's leading school operator to launch Affordable IB School in Dubai- Ambassa...
Ride Into the New School Year with the Coolest Gear
IHG signs world's largest voco with Maad International in Saudi Arabia
Summer-ready BABY-G G-Lide BAX-100 makes splash this hot season
FW 2019 Amazone'
Robotics and Automation to the Fore at Materials Handling Middle East
Empower launches “Intelligent Delta- T Analyzer and Detector”
Purificacion Garcia Introduces the Women's FW19 Collection
Ras Al Khaimah and Singapore to Discuss the Bilateral Cooperation'
Dubai Duty Free and Arabian Automobiles raffle a Nissan GT-R this holiday season
Philipsen and Kristoff Claim Top 10 Spots for Uae Team Emirates in Stage 7 Sprin...
Automation Anywhere Expands into the Middle East with the Opening of Regional He...
The Car That Responds to Your Mood: New Jaguar Land Rover Tech Helps Reduce Stress
Union Coop Releases ‘First' Update of Its Electronic Share Trading Platform
Al Qutami chairs DHA CEO council meeting
All-out Sprint in Albi as Philipsen Takes Sixth and Martin Breaks Into the Gener...
OMEGA's role in competitive swimming
Canadian University Dubai joins Silk-Road Universities Network
Ahmed Mahboob Musabih welcomes DGEP Coordinator General
Etihad Airways Recommences Flights to Khartoum
Schneider Electric Launches First Smart Factory in Mexico Implementing Innovativ...
Dubai International Financial Centre Continues to Prioritise Ease of Doing Busin...
Bollywood Parks™ Dubai launches all-inclusive picnic promotion from July to August
First results from Arc Skills' programme show how gamification can transform edu...
Lg's Front-loader With New Ai Dd Brings Optimized Washing to the Middle East and...
MoHAP Youth Council Discusses Mutual Cooperation with Civil Defence Youth Council
A charitable initiative from the ADNOC Sas Al Nakhl School brings together AED 8...
Emirates' US-bound passengers soon to have Wi-Fi, mobile connectivity and Live T...
Don't Run Risk of Damaging Your Vision With Poor Food Choices, Doctors at Moorfi...
Pottery Barn Kids launches new ‘Back-to-School' collection'