Photo Studio in Riyadh, Saudi Arabia
During 2016, the photo studio industry in Saudi Arabia was estimated to be worth SAR million, contributing over % of the industry’s revenues. Riyadh is the corporate centre of Saudi Arabia, hosting % of all corporate events in the country. According to the Saudi Exhibition and Conventions Bureau, photo studios in Riyadh generated approximately SAR million in revenue. The photo studio industry in Riyadh has several business opportunities, including restaurants, specialized photography services, and wedding-related activities.
Restaurants in photo studios in Riyadh
If you’re looking for an authentic taste of the Far East, visit one of the many restaurants in photo studios in Riyaadh. Some of the best restaurants in Riyadh feature Chinese or Taiwanese cuisine. They’ll be sure to impress you with their interior decorations, with large aquariums filled with colorful fish. A beautiful pond sits in the center of the dining area.
The world-renowned chef David Burke, who has three restaurants in Saudi Arabia, recently opened a second restaurant in the city. He aims to make the food and entertainment scene more inclusive and exciting for visitors. His food, presented in a sophisticated setting, has been welcomed by the locals, and the restaurant’s name has become synonymous with luxury and upscale dining. As a renowned chef, he will also have a female percussionist and a DJ to help with the fun.
Saudi Arabian photographers Yomn Almonia, who specializes in Arabian horses, is an artist whose work has been featured in regional exhibitions. His photos also feature the Saudi royal family. In fact, his work is among the most popular in the kingdom, with many Saudi photographers featured in photo exhibitions across the region. A visit to one of the country’s best known photo studios is worth the trip.
Business opportunities in photo studios in Riyadh
There are several reasons to start a photo studio in Riyadh, Saudi Arabia. The economy is growing, as is the number of urban residents. Saudi Arabia also has a large wedding and corporate event market, which has boosted the industry in recent years. As a result, a business in this area could be an excellent choice for those looking for a lucrative new business opportunity.
The city is experiencing a boom in the number of weddings and large events, which have driven the demand for photographers and videographers. Weddings in the kingdom have boosted the demand for these services, which is estimated at SAR 1 billion. Photo studios are expected to generate SAR 1.3 billion in revenues by 2020. Besides, Riyadh has a large number of tourists and business opportunities in the city.
During the period 2011 to 2016, Riyadh accounted for a large percentage of the total revenue for the Saudi Arabia photo and video industry. Similarly, Riyadh also hosted the largest number of weddings in Saudi Arabia. However, Riyadh is also the country’s corporate hub. There are countless weddings and corporate events taking place every year, which creates an even larger demand for professional photographers and videographers.
Revenues generated by photo studios in Riyadh
The Saudi Arabia photo studio market is predicted to grow at a CAGR of 2.0% from 2016 to 2021, as the photo-based wedding industry continues to grow. In addition, the country’s corporate hub and wedding destination, Mecca, is also a strong market for photo studios. Moreover, the city is known as one of the most popular places for marriages and wedding ceremonies in the Middle East.
The demand for photography services is increasing across the kingdom, especially in Riyadh. The city hosts 50 percent of all licensed corporate events, as well as around two thousand weddings every year. This means that the demand for photo and videography services is higher than in other Saudi cities. Consequently, the number of photo studios operating in the Saudi capital is growing rapidly. But, how can photo studio owners take advantage of the growing demand?