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Feasibility Study for an Interactive Digital Museum of Saudi Heritage
Feasibility Study for an Interactive Digital Museum of Saudi Heritage : Feasibility Study for an Interactive Digital Museum of Saudi Heritage: The interactive digital museum project aims to provide a unique and innovative experience exploring Saudi heritage through modern technologies, such as augmented reality (AR), virtual reality (VR), and interactive experiences that integrate technology with culture. The museum will be a cultural, educational, and entertainment destination that caters to all age groups, from students and researchers to tourists and residents.
The museum will feature diverse sections that showcase Saudi heritage, such as traditional crafts, customs and traditions, music, and folk arts, in addition to documenting the history of Saudi Arabia digitally, enhancing national identity and attracting visitors.
Investment Opportunity Content
Targeted Product and Services
Virtual Reality (VR) and Augmented Reality (AR) Experiences: Interact with museum content to create a sense of the past.
Interactive Displays: Provide rich information about Saudi history, using modern technologies such as digital maps and storyboards.
Visitors can explore historical sites in the UK without having to search for them.
Educational workshops for children and students introduce them to traditional crafts and cultural heritage in the UK.
Digital and Physical Gift Shop: Includes Saudi heritage products such as 3D models, traditional clothing, and digital gifts such as non-fungible tokens (NFTs).
Event Hall for lectures, cultural events, and meetings with heritage experts.
Investment Advantages
Saudi Vision 2030 is an ambitious project aligned with the Kingdom’s drive to promote cultural and digital tourism, making it eligible for government and investment support.
There is growing demand for cultural tourism and local tourists interested in immersive experiences that combine culture and technology.
The development of the Kingdom’s digital infrastructure makes investing in digital museums more feasible with Saudi Arabia’s rapid digital transformation.
Diversified revenue sources: Revenues are still generated from admission tickets, but also include workshops, souvenir shops, and special events.
Opportunities for collaborative partnerships with government and private entities: The museum can collaborate with the Ministry of Culture, universities, and educational institutions to attract more visitors and investment.
Demand and Market Analysis
Spending on culture and entertainment is increasing with the expansion of cultural and heritage events, and there is a growing demand for projects such as digital museums.
Targeting different age groups, from students and researchers to families and tourists, ensures a diverse and sustainable visitor base.
Lack of competition in the local market: There is currently no interactive digital museum focused entirely on Saudi heritage, providing a unique opportunity to stand out.
With the new tourism facilities, the museum is expected to attract visitors from both within and outside the Kingdom.
Financial Indicators
Required capital: SAR 150 million.
Expected return on investment: 14%-18%.
Expected annual revenue: SAR 80-120 million.
Capital payback period: 6 to 8 years.
Net profitability ratio ranges between 22 and 27% after full operation.
Technology Used
Virtual and Augmented Reality Systems.
Smart Displays with Continuous Upgrades.
Artificial Intelligence Technologies to Analyze Visitor Interests and Provide Customized Experiences.
An Online Application That Allows You to Explore the Museum Digitally and Book Tours.
Marketing and Promotion Plan
Digital Marketing Through Social Media and Visual Content.
Partnerships with Schools and Universities for Educational Trips.
Organizing Seasonal Events to Attract New Visitors.
Providing Special Offers for Tourists and Visitors
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