“In cooperation with Saudi Arabia’s Al-Hokair Group and our regional partner in the United Arab Emirates, Al-Tayer Group, we will invest $300 million over five years in operating cinemas across the kingdom…Cinépolis is proud to be contributing to the kingdom’s ‘Vision 2030’ by providing moviegoers with unrivaled experiences as Saudi Arabia increases its culture and entertainment offering.”
-Alejandro Aguilera, Cinépolis Gulf CEO, in comments SPA regarding his company’s plans to invest $300 million into Saudi cinemas. Aguilera added that the project aims to “offer job opportunities to more Saudi nationals.” [MEMO]
