US chain AMC signs Saudi deal after cinema ban lifted
US chain AMC signs Saudi deal after cinema ban lifted
Riyadh - Egypt Today
Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theatres in Saudi Arabia after the conservative kingdom lifted a decades-old ban.
The deal, announced by AMC in a statement and confirmed by Saudi state media on Tuesday, will see the company form a joint venture with Saudi Arabia's vast Public Investment Fund.
No further details of the deal, including its financial conditions, were disclosed.
AMC said it hoped to "put the industry's best foot forward" in Saudi Arabia as the country opens up to modern entertainment.
"This announcement is a historic moment for the theatrical exhibition industry and a tremendous opportunity to connect AMC's movie products with the Kingdom of Saudi Arabia's more than 30 million citizens, many of whom we know are movie fans based on their regular visits to cinemas in neighbouring countries," AMC CEO Adam Aron said in the statement.
GMT 10:41 2018 Wednesday ,14 November
Misk Global Forum hears that it’s all about skillsGMT 15:36 2018 Wednesday ,31 October
The Saudi Gallery takes visitors on a colorful journeyGMT 13:06 2018 Sunday ,28 October
Misk Art 2018 to paint the town red in RiyadhGMT 10:07 2018 Tuesday ,23 October
Saudi Arabia, Russia ‘aim to build bridges through culture’GMT 09:47 2018 Sunday ,14 October
Saudi film industry has growth potential: Top UK directorRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 16:40 2018 Tuesday ,02 January
Pakistan bans companies from donating cash to UN-proscribed entities, individuals
GMT 15:58 2017 Thursday ,10 August
discuss preparations for Sisi's anticipated visit to china
GMT 18:09 2017 Sunday ,01 October
Marseille knife attack 'could be' terrorism but not confirmed
GMT 10:10 2017 Friday ,27 October
Nasr, HSBC bank sign MoU on supporting Egypt's strategy
GMT 04:22 2014 Wednesday ,07 May
Seoul home shopping firms\' sales via mobile spike in Q1GMT 15:32 2011 Tuesday ,30 August
Djokovic says rivalry with Nadal and Federer continues
GMT 17:25 2017 Saturday ,11 March
Trial of 20 elements of Daesh-affiliated
GMT 11:49 2017 Sunday ,20 August
Aoun follows up "Fajr al Joroud" military operation
GMT 09:29 2017 Thursday ,10 August
Mai Seleim is happy for reactions to new album
GMT 10:23 2017 Sunday ,26 November
HRH Crown Prince attends Abu Dhabi F1 Grand Prix 2017
GMT 00:50 2017 Monday ,17 April
20 people tortured to death at shrine in Pakistan's Punjab province
GMT 08:18 2017 Saturday ,15 July
US says proud to be partner in IMF program to support Egypt’s economyGMT 18:14 2012 Thursday ,19 April
Dog
GMT 21:26 2017 Monday ,03 July
American expats share their thoughts about living in the UAE
GMT 07:48 2018 Friday ,19 January
Pope focuses on migrants at final Chile mass
GMT 15:20 2018 Wednesday ,10 January
French finance minister urges 'more investments' from Germany
GMT 14:12 2018 Friday ,05 January
India face fierce examination in South Africa Test series
GMT 09:56 2017 Monday ,28 August
Vatican expresses solidarity with Muslim minority
GMT 22:28 2017 Monday ,18 December
Trump sends mixed message with 'America First' security strategy
GMT 20:19 2017 Thursday ,03 August
Indonesia Jails Man who Grew Marijuana
GMT 07:31 2017 Tuesday ,26 September
Whale carcass dug up from Australian
GMT 07:42 2017 Wednesday ,06 December
Mohamed Saad close to end filming “The Treasure”
GMT 08:17 2011 Friday ,26 August
SK Telecom solicits SamsungGMT 14:06 2011 Friday ,05 August
Springbok \'crocks\' recalled for Tri-Nations
GMT 11:01 2013 Thursday ,14 March
TAQA reports strong performance in water and power sector
GMT 01:06 2016 Monday ,06 June
Unheralded McGirt grinds out first PGA Tour victory
GMT 06:29 2012 Wednesday ,07 November
BMW Group achieves strong third quarter
GMT 17:50 2016 Thursday ,27 October
Tata in race against time to save its global image
GMT 02:20 2015 Thursday ,27 August
Rooney fires United, Lazio dumped out in Champions League
GMT 06:45 2017 Saturday ,21 January
SSMMID holds workshop on dengue virus
GMT 18:31 2014 Sunday ,07 September
NCHR to listen to students' complaints about protest law in Egypt
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor