Majid Al Suwaidi, MD of Dubai Media City, Dubai Studio City and Dubai Production City has stated that the new media market is expected to grow from US$1.7 billion to US$3.6 billion in the MENA region. His comments came as part of a speech made on the opening day of the 13th edition of the World Association of Newspapers and News Publishers (WAN-IFRA) Middle East Conference, organised in association with Dubai Production City (DPC) which was  held on 28th February and 1st March at The Westin Dubai Mina Seyahi Beach Resort & Marina.
Majid Al Suwaidi, managing director, Dubai Media City, Dubai Studio City and Dubai Production City, examined the changing media landscape and the emergence of digital in the MENA region marketplace that is expected to ensure significant growth in the coming years.
He said: “In the past four years, we have seen a compound annual growth rate of 16% in digital companies operating in Dubai Production City alone. In the MENA region, the market for New Media is expected to grow from $1.7 billion in 2015 to $3.6 billion by 2020. Furthermore, it is not surprising that more than 60% of the MENA media market is in the GCC region. We all have witnessed the change in the media landscape and how it continues to evolve. Publishers must embrace a more collaborative and interactive media landscape.”