Global cinema chain Cinépolis to open 63 screens across KSA

Updated 23 June 2019
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Global cinema chain Cinépolis to open 63 screens across KSA

Cinépolis, the largest cinema exhibitor in Latin America and fourth largest exhibition circuit in the world, has announced the locations of six new movie theaters in Saudi Arabia.
The six cinemas will be rolled out across the Kingdom over the next two years, with the first due to open at Lulu Mall, Dammam, at the end of this year, four scheduled for 2020 and the sixth for 2021.
The Saudi General Commission for Audiovisual Media (GCAM) issued the fourth Exhibitor License for Cinema Operation to Cinépolis International under the entity Luxury Entertainment LLC, which has partnered with Al-Hokair Group for expansion in the Kingdom along with its regional partner Al-Tayer Group, in August 2018.
Mishal Al-Hokair, chairman of Luxury Entertainment LLC and CEO of Al-Hokair Group; Miguel Mier, global COO of Cinépolis; Javier Sotomayor, managing director of Cinépolis Asia; and Ashish Shukla, CEO of Cinépolis Gulf, announced the six new cinemas in partnership with leading developers. Over the next five years, Cinépolis intends to be a leading exhibitor in the Kingdom.
Cinépolis opened its first cinema in Bahrain in January this year. Since then it has seen an ever-increasing following from the local community in Bahrain and Saudis alike. The opening of the brand’s six cinemas in the Kingdom is expected to help boost the economy through the recreational spend. A recent study by PwC revealed that the Kingdom’s cinema market could potentially generate 60 to 70 million admissions and the box office market could be $950 million in 2030.
A spokesperson from Cinépolis Gulf said: “Cinépolis’ launch into the Saudi Arabia entertainment market is a key milestone in our expansion strategy over the next five years.
“We are proud to be contributing to the Kingdom’s Vision 2030 as it goes through this historic period of transformation and hope to provide moviegoers with unrivaled experiences as Saudi Arabia increases its culture and entertainment offering.”
Apart from Dammam’s Lulu Mall, the new openings will be located in Al-Hokair Time in Jazan, Obhur Mall in Jeddah, Cordoba Mall in Riyadh, Najran City Center and Al-Massarh Mall, with a total of 63 screens across all six locations.


Mashroat to support Labor Ministry projects

Updated 15 July 2019
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Mashroat to support Labor Ministry projects

The Ministry of Labor and Social Development and the National Program to Support the Management of Projects in Public Entities (Mashroat) have signed a memorandum of understanding (MoU) to appoint the latter as the enabling arm to support infrastructure projects. Mashroat will provide consultancy services and technical support for managing the ministry’s construction projects and facilities management based on the highest administrative and operational standards.

The MoU will allow Mashroat to examine and evaluate the construction projects’ management strategies and the ministry’s current facilities management, including designing and identifying policies, procedures and processes. In addition, Mashroat will ensure project implementation and facility management systems are run efficiently and effectively.

The MoU is considered as the first of its kind to be implemented by Mashroat to support the management of public facilities for government entities in the Kingdom. This includes the provision of consultation services and technical support based on international best practices and will support the ministry’s facilities, including 14 operating and maintenance contracts for 389 sites spread throughout the country.

The MoU was signed by Executive General Supervisor of Supportive Services at the Ministry of Labor and Social Development Dr. Ayman bin Ibrahim Al-Shelafan, and Director-General of Mashroat Ahmed bin Mutair Al-Balawi. In attendance were Minister of Labor and Social Development Ahmed bin Suleiman bin Abdul Aziz Al-Rajhi, Assistant to the Minister of Labor and Social Development Mohammed bin Nasser Al-Jasser, and Assistant Minister of Economy and Planning and Board Member of Mashroat Khalid bin Saud Al-Shunaifi.

Al-Jasser said: “The signing of this MoU is an important step toward strengthening our partnership with Mashroat. Through this joint effort, we aim to strengthen the ministry’s public infrastructure system, and achieve a strategy that will contribute to the development of the Kingdom and achieve the ambitious goals of Vision 2030.”

Al-Balawi said: “Mashroat aspires to achieve an effective transformational approach for the project and facilities management offices in the governmental agencies, through supervising the planning of the infrastructure projects portfolio for government agencies.” 

He added: “We are pleased to sign this MoU with the ministry, the first-of-its-kind for the management of public utilities. The program will examine and evaluate the management of current construction projects, while uniting the measurement of operational and maintenance procedures and processes to achieve efficiency and effectiveness, fulfilling the ministry’s strategic objectives.”

The MoU is an implementation of a royal decree (No. 47004) dated May 31, 2018, pursuant to the Council of Ministers’ resolution stating that public entities shall establish project management offices in cooperation with Mashroat to follow up, coordinate and manage their projects and ensure their delivery.