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Dubai’s Majid Al Futtaim awarded Saudi cinema licence

By REUTERS
April 20, 2018

riyadh: Vox Cinemas, owned by Dubai´s Majid Al Futtaim, has received a licence to operate cinemas in Saudi Arabia and will open a four-screen multiplex theatre in Riyadh in the “coming days”, the company said on Thursday. Vox is investing 2 billion riyals ($533 million) to open 600 screens in the next five years in the kingdom, which lifted a nearly 40-year ban on commercial cinemas last year as part of broad social and economic reforms.