Kuwait is making significant strides in supporting the entertainment industry to enhance societal well-being and bolster the economy. Recognizing entertainment as a fundamental human need and social necessity, it also serves as a vital economic sector and revenue source for both countries and the private sector. It plays a crucial role in driving various economic activities.
The Kuwaiti government has prioritized the development of the entertainment sector by providing support and encouragement to the private sector to contribute to its growth. Projections indicate that the entertainment sector and its related industries are expected to contribute 4.2% to the gross domestic product by 2030, creating around 450,000 job opportunities. The evolution of the entertainment sector represents a significant transformation in Gulf society, impacting social, cultural, and economic aspects due to its rapid growth and the abundance of seasonal events.
In response to the evolving landscape of finance and business, the emphasis on fun and enjoyment has become a prevailing value in most products and services. Kuwaiti businesses have recognized this trend, leading to intense competition in creating innovative forms of entertainment to attract Gulf consumers, generate new opportunities, and yield substantial profits. The entertainment industry has emerged as an attractive investment opportunity for capital and job seekers.
The entertainment sector has become a crucial economic contributor to Kuwait's economy and non-oil GDP, particularly within the global services sector encompassing entertainment and tourism. This sector plays a significant role in contributing approximately 10% to the global GDP and creating job opportunities worldwide.