UAE-based company plans more than 20 venues in the Gulf kingdom after securing licence.
Emaar Entertainment UAE and Saudi-based GOSI Investment Ventures have announced a partnership to expand the Reel Cinemas brand in Saudi Arabia. The announcement comes as the General Authority for Audio-Visual Media delivered the 11th licence to Emaar Entertainment Saudi to operate Reel Cinemas in the kingdom.
The first venue will open in Riyadh in December, a statement said. It added that the partnership plans an aggressive expansion into the kingdom’s entertainment market, with 20 venues opening within the next five years.
“The ambitious plan will chart the future of entertainment and diversity in Saudi Arabia which will undoubtedly create career opportunities through the SR1 billion ($270 million) investment,” the statement added…..