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  • 07-03-19

    Saudi Arabia to be granted USD500m VOX investments

    (MENAFN) Saudi Arabia is receiving over USD500 million of investments VOX Cinemas plans to allocate over a period of four years in the Saudi entertainment sector.

    Through the planned investments, VOX Cinemas are looking to establish 600 screens in Saudi Arabia by 2023.

    VOX Cinemas' manager for Saudi Arabia Mohamed Al-Hashemi stated "the cinema industry in Saudi has seen a good start, and the market reaction has been excellent."

    Al-Hashemi added "we are also very pleased at the support we have received from the government so far, in everything from operating, to licensing and expansion."

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