Saudi Arabia issues cinema licences
News & Trends •
major cinema chains are seeking to break into the market of more than 30 million people the majority of whom are under 252 saudi arabia began issuing licences thursday to operate cinemas in the kingdom ahead of their reopening after a decades-long ban was lifted as part of a far-reaching liberalisation drive2 the culture and information ministry said it had finalised the terms of licencing to restore cinema in saudi arabia2 licencing commences immediately the ministry added in a statement2 the news comes as dubai-based vox cinemas the leading operator in the middle east launches its first public screening in saudi arabia which runs through saturday and aims to raise awareness about alzheimers disease2 the screening in riyadh will feature content from local producers including myrkott production and telfaz company vox said2 the move is another step towards opening the saudi market to regional and international theatre chains which have long eyed the kingdom as the middle easts last untapped mass market2 in december us giant amc entertainment signed a non-binding agreement with saudi arabias vast public investment fund to build and operate cinemas across the kingdom2 amc will still face stiff competition from regional heavyweights including vox2 the move to reopen cinemas is part of a modernisation drive by crown prince mohammed bin salman who is seeking to balance unpopular subsidy cuts in an era of low oil prices with more entertainment options despite opposition from religious hardliners2 the reform stems partly from an economic motive to boost domestic spending on entertainment as the kingdom reels from a protracted slump in oil prices2 saudis currently splurge billions of dollars annually to see movie shows and visit amusement parks in neighbouring tourist hubs like dubai2

Saudi Arabia issues cinema licences
Sports •
major cinema chains are seeking to break into the market of more than 30 million people the majority of whom are under 252 saudi arabia began issuing licences thursday to operate cinemas in the kingdom ahead of their reopening after a decades-long ban was lifted as part of a far-reaching liberalisation drive2 the culture and information ministry said it had finalised the terms of licencing to restore cinema in saudi arabia2 licencing commences immediately the ministry added in a statement2 the news comes as dubai-based vox cinemas the leading operator in the middle east launches its first public screening in saudi arabia which runs through saturday and aims to raise awareness about alzheimers disease2 the screening in riyadh will feature content from local producers including myrkott production and telfaz company vox said2 the move is another step towards opening the saudi market to regional and international theatre chains which have long eyed the kingdom as the middle easts last untapped mass market2 in december us giant amc entertainment signed a non-binding agreement with saudi arabias vast public investment fund to build and operate cinemas across the kingdom2 amc will still face stiff competition from regional heavyweights including vox2 the move to reopen cinemas is part of a modernisation drive by crown prince mohammed bin salman who is seeking to balance unpopular subsidy cuts in an era of low oil prices with more entertainment options despite opposition from religious hardliners2 the reform stems partly from an economic motive to boost domestic spending on entertainment as the kingdom reels from a protracted slump in oil prices2 saudis currently splurge billions of dollars annually to see movie shows and visit amusement parks in neighbouring tourist hubs like dubai2