15 Jan 2021; MEMO: Mexican Cinépolis is planning to open 200 cinemas in Saudi Arabia within two years, local media reported on Wednesday.
Cinépolis recently opened two new cinemas in Saudi Arabia's cities of Jeddah and Dammam as part of the kingdom's "Saudi Vision 2030", which is reported by the government to be aimed at diversifying the country's oil-dependent economy.
"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 Gulf CEO Alejandro Aguilera told SPA, adding that the project aims to "offer job opportunities to more Saudi nationals."
"Cinépolis is proud to be contributing to the kingdom's 'Vision 2030' by providing moviegoers with unrivalled experiences as Saudi Arabia increases its culture and entertainment offering," Aguilera noted.
