First movie theater in Dammam at LuLu Mall

The official announcement event was launched by Ashish Shukla, chief executive of Cinépolis Gulf, in the presence of Shehim Mohammed, director of LuLu Saudi Arabia, at LuLu Mall in Dammam.
Updated 02 December 2019

First movie theater in Dammam at LuLu Mall

LuLu Mall, in partnership with Al-Hokair Group’s Cinépolis Cinemas, unveiled the first movie theater in Central Dammam, featuring a world-class cinema facility with seven screens and a 640-seating capacity. The official announcement event was launched by Ashish Shukla, chief executive of Cinépolis Gulf, in the presence of Shehim Mohammed, director of LuLu Saudi Arabia, at LuLu Mall in Dammam.

“We are proud to bring a world-class cinema-going experience through the high-quality movie theater facility of Cinépolis, which will serve as another entertainment venue for our shoppers. We are grateful to Al-Hokair Group for working hand in hand with us and providing a conducive space for families to enjoy and appreciate the art behind movies,” said Mohammed. 

Cinépolis Gulf CEO Shukla said: “We are glad to partner with LuLu Mall in offering the best movie experience to customers in different formats, from child-friendly auditoriums to larger-than-life screens, immersive 4D cinemas and premium theaters. We are looking forward to welcoming LuLu Mall’s customer base and letting them discover different movie genres for all ages.” 

The newly announced cinema facility is part of a long-term project of Al-Hokair Group, in collaboration with Dubai-based Al-Tayer Group and Mexico-based Cinépolis, to launch movie theaters in 15 major cities across Saudi Arabia.

Cinépolis is the largest cinema exhibitor in Latin America and fourth largest exhibition circuit in the world. It 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 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.

Managed by LuLu Properties, the shopping mall and property development team of LuLu Group, LuLu Mall is a one-stop lifestyle destination for shopping, dining and leisure, featuring a range of global brands, and a 550,000-square-foot hypermarket. 

LuLu Group is a highly diversified conglomerate founded by Chairman and Managing Director Yusuff Ali M.A. The group has become a key contributor in the Gulf region’s economic standing with an annual turnover of $7.4 billion. Headquartered in Abu Dhabi, LuLu Group mainly operates in 22 countries located across the Middle East, Asia, US, and Europe.

Zain KSA celebrates key 5G milestone

Updated 14 December 2019

Zain KSA celebrates key 5G milestone

Zain KSA celebrated the finalization of the first phase of the Middle East’s largest 5G network in a special event on Dec. 8 at the Hilton Riyadh. The ceremony, held under the patronage of Minister of Communications and Information Technology Abdullah bin Amer Al-Sawaha, was attended by Zain KSA Chairman Prince Nayef bin Sultan bin Muhammed bin Saud Al-Kabeer, Governor of Communications and Information Technology Commission Dr. Muhammed bin Saud Al-Tamimi, Deputy Minister of Communications and Information Technology Haitham bin Abdulrahman Al-Ohali, and Zain KSA CEO Sultan bin Abdul Aziz Al-Deghaither, along with other dignitaries in the ICT sector.

Prince Nayef said: “Zain KSA’s achievement accompanies the speedy development and innovative services of the digital revolution that the world around us is witnessing. This achievement is significant in its timing, as it coincides with the rapid rise of the Kingdom’s ranking in several prestigious international reports, specifically in the ICT sector. Another aspect that makes this achievement noteworthy is its size, as it offers the broadest coverage of the 5G network, which has positioned the Kingdom as the first in the Middle East, Europe and Africa.”

Prince Nayef pointed out the concurrence of Zain KSA’s accomplishment with the Kingdom’s growing pivotal role at the global economic level, and in becoming the first Arab country to preside over the G20 summit. He affirmed Zain’s commitment to keeping pace with the Kingdom’s economic ambitions in line with its position in employing young national talent. He said the Saudization rate in the company has reached 86 percent, with young Saudis assuming 92 percent of leadership positions.

CEO Al-Deghaither said through its completion of the first phase of the 5G network, Zain KSA confirms its commitment to becoming a key player in the ICT sector. “Zain KSA has made several significant achievements since its inception. Today, we proudly announce that the company has the widest 5G network coverage in the Kingdom and the region.” 

He added that the 5G technology will lead the Kingdom toward a new world with its substantial technologies and capabilities, which will be evident in various sectors through the Internet of Things and the business sector, in addition to other daily functions that will make customer experience easier and more effective.”

Al-Deghaither said that this step comes at a time when Zain KSA is witnessing its best operational performance by reaching the highest profit over the past two years, with SR380 million ($101.3 million) during the first nine months of 2019, and a total of SR332 million for 2018.

With the completion of the first phase of the 5G network, Zain KSA is now offering a range of packages of 5G services for individuals and businesses through a network of 2,600 towers distributed across 27 cities.