5dVR, a virtual reality content and production studio, has expanded its operations to Saudi Arabia in collaboration with AstroLabs, a leading business expansion platform. This move aims to enable firms in the Kingdom to adopt augmented reality (AR), mixed reality, and virtual reality (VR) technologies.
Company Background
Founded in 2016 in Cairo, 5dVR specializes in creating immersive experiences and providing bespoke solutions tailored to the unique needs of clients across various sectors. The company has launched 100 immersive projects worldwide and has received multiple awards for its cutting-edge technologies and impactful achievements.
Strategic Partnerships and Achievements
5dVR boasts a successful track record of strategic partnerships with leading companies such as UK-based Austella, Denmark’s Khora, and the USA’s Smart Media Tokens (SMT). The company has also collaborated with global museums and cultural institutions to create educational VR experiences.
Expansion into Saudi Arabia
Leveraging its extensive expertise in global markets, 5dVR aims to make a transformative impact on local sectors in Saudi Arabia by assisting with their digital transformation journeys.
“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, 5dVR intends to collaborate with local educational institutions to develop AR and VR content tailored to the Saudi curriculum. In addition to education, the company plans to enable other industries, including healthcare, corporate training, and cultural heritage, to leverage immersive technology.
Market Potential and Vision 2030
The Saudi AR/VR sector is expected to see significant growth and innovation, permeating industries such as retail, healthcare, education, tourism, and entertainment. According to Statista, the sector is projected to generate $107.6 million in revenues in 2024, with market volume expected to reach $168.8 million by 2029.
These projections align with Saudi Arabia’s Vision 2030, which promotes innovation and the application of technology across key sectors of the economy. This creates a growing demand for services provided by innovators like 5dVR, positioning the company to drive innovation and immersive technology in the region.
Commitment to Education and Youth Empowerment
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.
Industry Insights
“Backed by a strong and experienced founding team and an innovative product, 5dVR is bound to usher in a new era for customer engagements and blaze the trail for more innovation in the business sector. As it establishes its mark in the Saudi market, the company will be able to cater to diverse industries and accelerate their digital transformation efforts as stipulated in the Kingdom’s Vision 2030,” commented Alex Nicholls, Director of Expansion at AstroLabs.
