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Exponential box-office revenue growth establishes Saudi Arabia as West Asia's foremost cinema market

JEDDAH: In the four years since the resumption of movie screening across Saudi Arabia, the country has experienced an explosion of investment, filmgoing and box-office takings, establishing it as West Asia’s foremost cinema market. Box office revenues in the MENA region as a whole are expected to grow by 4 percent compound annual rate to $1 billion between 2019 and 2024,
United Arab Emirates Saudi Arabia United States Ar Riya Ministry Of Culture Al Jizah

Mexico Plans To Open 200 Cinemas In Saudi Arabia

Cinépolis is a Mexican movie theater chain, the biggest cineplex chain in its country of origin with 427 theaters in 97 cities, the largest chain in Latin America, and the fourth largest in the world. Cinépolis already has a couple of cinemas in Saudi Arabia, in the Red Sea port city of Jeddah and capital of the eastern province, Dammam. Now, in line with Saudi Arabia’s larger Vision 2030 goals, the chain will provide the Kingdom with 200 brand-new cinemas and enrich the entertainment offer...
Saudi Arabia Red Sea Djibouti General Ash Sharqiyah United Arab Emirates United States

Cinépolis to invest $300m for local cinema expansion

Global movie theater chain Cinépolis Cinemas recently opened two new cinemas in the Kingdom, in Jeddah’s Al-Jamea Plaza and Dammam’s Lulu Mall. The Mexican movie exhibitor, the first in Latin America and the third largest globally, has announced an investment of $300 million in Saudi Arabia over the next five years, to expand in the country in partnership with Al-Hokair Group and regional partner Al-Tayer Group. The expansion of Cinépolis into the Saudi market will help boost the economy ...
Saudi Arabia Ash Sharqiyah United States Al Jamea Plaza Alejandro Aguilera Al Hokair Group

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