Trade team set to leave for Switzerland

Updated 15 November 2012
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Trade team set to leave for Switzerland

RIYADH: A delegation from the Council of Saudi Chambers (CSC) is set to leave for the Swiss city of Basel on a business mission on Monday, the council announced yesterday.
Tariq Al-Qahtani, chairman of the Saudi-Swiss Business Council, said the three-day visit to Basel is part of CSC’s mission to initiate trade delegations with countries that offer fruitful business opportunities. According to Al-Qahtani, the Saudi delegation plans to exchange ideas with its Swiss counterparts and to find common ground for business cooperation between the two countries.
In addition, the delegation plans to hold a meeting for the Saudi-Swiss Business Council to discuss various investment opportunities.
Al-Qahtani pointed out that the delegation will seek cooperation in multiple sectors including tourism, pharmaceutical industries, education, construction and training, among other fields. He added that Basel was their choice of place for the meeting due to the city’s distinctive climate. “It is the largest industrial city in Switzerland and is buzzing with economic activity.” He also said that Basel was known to be the capital of the chemical and pharmaceutical industries.
Al-Qahtani said the delegation’s program includes meetings with selected Swiss businessmen and business houses to highlight distinctive experiences in the Swiss market and to seek available investment opportunities for both countries.
Saudi Arabia and Switzerland share an excellent business partnership. The Kingdom is considered Switzerland’s leading trade partner in the Arab world with a trade volume reaching SR 13 billion.
The Saudi-Swiss Business Council is considered the first joint business council that Switzerland shares with the Gulf Cooperation Council.


Vox Cinemas wins second license to operate movie theaters in KSA

Updated 23 April 2018
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Vox Cinemas wins second license to operate movie theaters in KSA

  • Al-Futtaim Group to invest SR2 billion to open 600 screens and provide 3,000 jobs in the next five years
  • Vox Cinemas is the largest cinema operator in the MENA region

JEDDAH: Vox Cinemas, a subsidiary of Majid Al-Futtaim Group, won the second license to operate cinemas in the Kingdom.

The company received the license from the Minister of Culture and Information and Chairman of the General Authority for Audiovisual Media, Awwad bin Saleh Al-Awwad.

Al-Futtaim Group will invest SR2 billion to open 600 screens and provide 3,000 jobs in the next five years.

This will help achieve the goals of the Kingdom’s 2030 Vision when it comes to diversifying the economy and local production.

Vox Cinemas is the largest cinema operator in the MENA region and the leading regional cinema operator in the Kingdom.

Al-Futtaim Group is planning on opening its first movie theater in the Kingdom during the coming days. It will be in Riyadh Park Mall within the largest Magic Planet Family Entertainment Center in the region.

It consists of four screens, including the first IMAX screen for young people's movies and VOX KIDS, which is dedicated to children’s entertainment.