Majid Al Futtaim Group has announced that they have second license to operate cinemas in Saudi Arabia and now their plan is to open 600 new Vox Cinema screens across the country over the next five years at an investment of SR2 billion ($533 million).
The Group plans to open its first four-screen cinema in the kingdom in coming days at Riyadh Park Mall. It will be the first multiplex in Saudi Arabia.
Vox Cinemas is considered to be the largest cinema operator in the Middle East and North Africa (MENA) and it is the first regional cinema operator in Saudi Arabia.
The content at the cinema would include animations, family-friendly films and educational movies in addition to mainstream movies.
According to the Chief Executive of Majid Al Futtaim, Alain Bejjani, “We thank the Saudi government, the Ministry of Culture and Information and the General Commission for Audio-Visual Media for the confidence they have placed in us to contribute to a new chapter in the history of the kingdom of Saudi Arabia. Vox Cinemas will join a growing stable of Majid Al Futtaim’s leading retail, leisure and entertainment brands operating across the kingdom.”
The developments of these new cinemas will create 3,000 direct and indirect jobs providing a boost to the diversification agenda for the Saudi economy.