15 July, 2024, Riyadh, Saudi Arabia: 5dVR, a premier virtual reality content and production studio, has officially expanded to Saudi Arabia, partnering with AstroLabs, the Gulf’s foremost business expansion platform. This strategic move aligns with 5dVR’s mission to enable a diverse range of businesses to harness the power of augmented reality (AR), mixed reality (MR), and virtual reality (VR) technologies.
Founded in Cairo in 2016, 5dVR specializes in creating immersive experiences, offering bespoke solutions tailored to the unique needs of clients across various sectors. Since its inception, the company has launched 100 immersive projects globally and garnered multiple awards for its innovative achievements and impactful technologies.
5dVR’s successful track record includes strategic partnerships with leading companies such as UK-based Austella, Denmark’s Khora, and the USA’s Smart Media Tokens (SMT). Additionally, 5dVR has collaborated with global museums and cultural institutions to develop educational VR experiences.
Leveraging its extensive expertise in global markets, 5dVR aims to bring transformative impacts to local sectors in Saudi Arabia, aiding their digital transformation journey.
“We are excited to bring 5dVR’s groundbreaking immersive experiences to Saudi Arabia. Our expansion into the Kingdom underscores our commitment to leveraging technology to connect people with culture, education, and entertainment in unprecedented ways,” said Maged Farrag, Creative and Managing Director of 5dVR.
As part of its growth plans in the Kingdom, 5dVR intends to collaborate with local educational institutions to develop AR and VR content tailored to the Saudi curriculum. The company also aims to empower industries such as healthcare, corporate training, and cultural heritage to fully utilize immersive technology.
Alex Nicholls, Director of Expansion at AstroLabs, commented, “Backed by a strong and experienced founding team and an innovative product, 5dVR is poised to usher in a new era of customer engagement and spearhead innovation in the business sector. As it establishes its presence in the Saudi market, the company will cater to diverse industries and accelerate their digital transformation efforts in line with the Kingdom’s Vision 2030. 5dVR is uniquely positioned to scale new heights and make significant headway in the region.”
The Saudi AR/VR sector is set for further growth and innovation as immersive technologies continue to influence industries like retail, healthcare, education, tourism, and entertainment. According to Statista, the sector is expected to generate $107.6 million in revenues in 2024, with projections to reach $168.8 million by 2029.
These figures highlight the growing market potential of VR and AR, especially in light of Saudi Vision 2030, which promotes innovation and technology across key economic sectors. This burgeoning market translates to an increasing demand for services provided by innovators like 5dVR, which is well-equipped to drive innovation and immersive technology in the region.
Beyond commercial activities, 5dVR is committed to fostering a thriving ecosystem through strategic initiatives and partnerships with educational entities. The company aims to empower Saudi youth through immersive technology training programs, contributing to the development of a vibrant extended reality (XR) industry.
About AstroLabs
AstroLabs is the leading business expansion platform in the Gulf, supporting high-growth companies across strategic industries. With a decade of experience in fostering economic development in emerging markets, AstroLabs partners with over 1,500 companies that have expanded across the region, engaging a vibrant network of more than 10,000 market leaders in the UAE and Saudi Arabia. AstroLabs designs sector-focused, outcome-driven programs in partnership with government and private sector entities, committed to building the future of key sectors and contributing to regional visions like Saudi Vision 2030.
