UAE holds 30% of Middle Eastern cinema market share

File picture [for illustration]

The UAE Media Council has announced that the cinema sector generated AED 517 million in revenue during the first eight months of this year, attracting around 11 million cinema visits.

It said that this increase highlights the growing public confidence in the country's world-class entertainment offerings.

Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council, stated that the UAE holds 30 per cent of the Middle Eastern cinema market share, reinforcing its leadership in this vital industry.

This success is attributed to ongoing investments in cinema infrastructure and strong partnerships with major global film studios.

Al Shehhi emphasised that the UAE Media Council is committed to boosting the media sector’s contribution to the local economy through supportive policies and innovative services for filmmakers.

"We strive to create a creative ecosystem that empowers filmmakers to deliver content that meets global standards while catering to the diverse aspirations of the UAE community," he explained.

He added that the figures reflect the rich diversity of cinematic content available in the UAE, serving a community of over 200 nationalities. "Cinema here is more than just entertainment; it’s a lens for appreciating our cultural diversity and a platform for dialogue among different cultures."

Currently, the UAE has 702 screens across 72 locations in various emirates.

 

More from Business

  • H.H. Sheikh Hamdan meets with X CEO

    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, met with the CEO of X, formerly known as Twitter, Linda Yccarino, to discuss the UAE’s strategic direction in digital transformation.

  • Etihad's nine-month profit surges 66%

    Etihad Airways has reported a strong performance for the first nine months of 2024, posting a profit after tax of AED 1.4 billion, a 66% increase from AED 814 million in the same period last year.

  • Lulu Retail starts trading on ADX following mega IPO

    Lulu Retail Holdings PLC, commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thursday following its Initial Public Offering and trading under the ticker 'LULU'.

  • Russia and Iran link banking systems to evade sanctions

    Iranian bank cards can now be used in Russia, after the two countries linked their banking systems to evade sanction, state broadcaster IRINN reported.

  • Salik posts AED822 million net profit in nine months

    Salik Company announced its financial results for the nine-month period ended on September 30, registering a net profit of AED 822.0 million after tax, up 2.4 per cent YoY.