VOX Cinemas has won the second license to operate cinemas in Saudi Arabia, with an investment of up to $533 million (SAR 2 bln) in the cinema sector that will see them open 600 screens and provide 3,000 jobs in the next five years.
The investment is part of the process to achieve the objectives of Saudi Arabia’s 2030 vision to diversify the economy and local production, according to the Saudi Press Agency (SPA).
VOX Cinemas is considered the largest cinema operator in the Middle East and North Africa.
The Saudi Minister of Culture and Information Dr. Awwad Alawwad granted the license to the company officially on Sunday.
The cinema chains are run by UAE-based Majid Al Futtaim group and is set to open to first public a four-screen multiplex at Riyadh Park Mall in Saudi Arabia’s capital in the coming days, the company said.
The VOX Cinemas Riyadh Park experience will include four screens located within the largest Magic Planet Family Entertainment Centre in the region. Content including animation, family-friendly films and educational movies will be available through a completely unique and world-class portfolio of viewing experiences including the first IMAX screen to exhibit movies and VOX KIDS, the concept designed especially for young movie fans.