MARKET OVERVIEW

Saudi Arabia’s Ambitious Mega Sports Projects:
A Leap Towards Sporting Excellence…

$23 Billion
The Sports Boulevard

135km park with 8 districts offering sports, art, culture & eco activities aligning with the government’s “Quality of Life Program”. Seeks partners for construction, equipment, maintenance & specialist services.
$8 Billion
Qiddiya the City of Play Life…

Qiddiya, the world’s inaugural ‘Play Life’ city, spans 334 SQM on Riyadh’s outskirts. The Six Flags amusement park debuts in 2024. The focal point, Prince Mohammed bin Salman Stadium, a 45,000-seat structure on a 200-meter cliff, defines the Qiddiya skyline. A Formula 1 racetrack and a substantial e-Sports arena are in the pipeline. Sports facility and equipment suppliers are encouraged to establish connections with the Qiddiya Investment Company.

Saudi Arabia’s Expanding Sports Facilities and Sports Goods Sectors are Providing New Opportunities…

$1 Billion

The Saudi Sports Goods Market is Growing Fast…

The Saudi Arabian sports goods market is experiencing a surge, fueled by strong domestic demand and significant imports, showcasing a vibrant domestic industry. Additionally, investments play a key role, contributing over half (56.4%) of the total demand. This robust market of $1 billion is growing rapidly.

$2.7 Billion

Expansion in Stadiums and Other Facilities…

Saudi’s sports scene is set for a major expansion with a $2.7 billion government program. It comes as the country has already witnessed a growth in sports infrastructure, with the number of facilities and indoor stadiums rising from 157 in 2015 to 213 in 2023. The government’s commitment offers multiple opportunities for facilities developers.

$16 Billion

Government Investment in Transforming the Sports Sector…

Government investment enabled the transformation of the sports sector with an investment of $16 Billion in 2023. Government stimulus in 2024 through to 2025 will continue to expand the ecosystem offering business opportunities for international and local sports infrastructure contractor, stadium and sports building fit-out companies, sports facility management and maintenance companies as well as manufacturers of sports equipment brands and other associated products and services.

Saudi Arabia: Sports Fashion and Sports Goods Sectors are the Largest and Fastest Growing Sectors in the Region…

$1.1 Billion

Growth Accelerates in the Sports Fashion Sector…

Saudi Arabia’s sports fashion sector is the largest in the GCC. It is experiencing a major style surge with ‘athleisure’ becoming increasingly fashionable. The market valued at $1.128 billion in 2023, is projected to grow at a rate of 21%, leading to an increase in market revenue of $524 million by 2025.

$1 Billion…

Saudi Fitness and Wellness Market Expanding…

Saudi Arabia’s fitness and wellness market is experiencing explosive growth, reaching a staggering $1 billion in 2023. This momentum is expected to continue, with projections indicating an annual growth rate of 8.5% through 2030, solidifying the industry as a major economic driver in the region.

Saudi Arabia’s Gym Equipment Market and Sports Tech is Experiencing Strong Growth…

$1 Billion

Gym Equipment Market Growth 11.06%…

The gym equipment market in Saudi Arabia has been experiencing rapid growth, driven by increasing health awareness among both men and women. The market for health and fitness clubs in Saudi Arabia is expected to grow to over $1 billion in 2024, with a compound annual growth rate (CAGR) of 11.06%. This growth is attributed to individuals increasingly engaging in rigorous exercise routines to manage weight, increase stamina, and improve overall health.

$392 Million

Sports Tech Market Growth at 6.52%…

The Sports Technology market is undergoing for significant growth, with revenue projected to reach $392.4 million in 2024. This thriving market is expected to see a compound annual growth rate (CAGR) of 6.52%. Demand for sports technology is also expected to increase, with 16.1% of users utilizing Sports Technology in 2024 This growth suggests a continual expansion of these technologies within the population.

$97 Million

Outdoor Sports Market Expansion…

Increasing outdoor activity in Saudi Arabia is driving a boom in the outdoor sports market, and is projected to reach a value of $97 million in 2024. This trend is projected to continue, with an anticipated annual growth rate of 6.61% and market value projected to reach $1.17 million.

$243.1 Million

Bicycles Market Growth…

The Saudi bicycle market is projected to maintain a healthy growth, reaching an estimated $213.80 million in 2024. This momentum is expected to continue, with a compound annual growth rate (CAGR) of 3.26%, resulting in a projected market volume of $243.10 million.

Riyadh International Sports Expo

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