Saudi Arabia’s audiovisual media license presents an ideal opportunity for foreign companies aiming to venture into the broadcasting or media industry within the Kingdom. With a central emphasis on this sector, the government actively prioritizes it as a critical component of its economic diversification efforts outlined in the Saudi Vision 2030 initiative.
Audiovisual Media License in KSA
Foreign companies must obtain an Audiovisual Media license from the General Commission for Audiovisual Media (GCAM) to engage in broadcasting and audiovisual activities in Saudi Arabia. This requirement applies to all entities producing, distributing, or exhibiting audiovisual content in the Kingdom. The Saudi Arabian media industry is a dominant player in the MENA region, holding a market share of nearly 30% with a sector value of SAR 17.4 billion.
Saudi Arabia’s media sector landscape
Saudi Arabia’s media landscape is a multifaceted sector encompassing diverse industries, fostering a dynamic environment for the flourishing of various content forms.
The NEOM Media Village – In the vast expanse of Saudi Arabia lies a treasure trove beyond just oil reserves – a wealth of precious minerals, including gold, copper, zinc, phosphate, bauxite, and iron. This abundant natural resource reservoir offers a promising avenue for the mining industry to catalyze economic expansion, particularly in the underdeveloped corners of the Kingdom.
NEOM has officially announced a production incentive scheme offering a more than 40% cash rebate. The Media Village and Bajdah Desert Studios have also opened at NEOM, featuring three operational sound stages and an additional seven planned for Q1 2023. The interim studios were fast-tracked due to high demand from both regional and international sources. The Media Village and Bajdah Desert Studios provide comprehensive production support facilities, including 350 serviced accommodation units.
Complying with global standards – The Audiovisual Media License aligns with global standards in media regulation, thereby bolstering the standing of the Saudi Arabian media sector on the international stage. Its primary objective is to allure foreign investors and media enterprises to establish their presence in the country, fostering job creation and making substantial economic contributions.
Rules and Restrictions
- When completing the electronic application, it is imperative to declare any prior licensing by the Ministry of Investment for one of the partners.
- A solemn commitment is required to adhere to all organized obligations associated with the business activity.
- This encompasses compliance with standards and Saudization percentages sanctioned by the Ministry of Labor and Social Development.
- The applicant must input information regarding the Saudi national identity, premium residence, or residence, if applicable, to any partners during the electronic application submission.
- Similarly, details of the commercial registration for Saudi companies participating in the venture must be provided.
Why Choose Us?
Step into the Audiovisual media business in Saudi Arabia with your most trusted partner – Helpline Group
For a quarter-century, Helpline Group has built a strong reputation as a trustworthy business consulting firm in Saudi Arabia, specializing in facilitating the acquisition of Audiovisual Media Licenses. Our impressive journey is marked by extensive industry expertise, a widespread global presence through our 10 international branches, and a consistent track record of ensuring customer satisfaction. With a dedicated workforce exceeding 300 professionals, we consistently deliver exceptional consultation services to our clients.
Office # 28, 1st floor,
Raden Commercial center,
Al muruj, Olaya street,
Riyadh 12281, Saudi Arabia
OFFICE TIMING
Saudi Office
Office # 28, 1st floor,
Raden Commercial center,
Al muruj, Olaya street,
Riyadh 12281, Saudi Arabia
HELPLINE GROUP is a global leader in business incorporation, Business advisory service, Pro Service, certificate attestation, legal translation.
