Majid Al Futtaim to invest in Saudi Arabia, other emerging markets

Majid Al Futtaim to invest in Saudi Arabia, other emerging markets
Majid Al-Futtaim recently launched its fourth VOX Cinemas multiplex in Riyadh at the Kingdom Centre. (Majid Al-Futtaim)
Updated 04 December 2019

Majid Al Futtaim to invest in Saudi Arabia, other emerging markets

Majid Al Futtaim to invest in Saudi Arabia, other emerging markets

CAIRO: Dubai-based Majid Al Futtaim will spend 2 billion Saudi riyals ($533.6 million) building cinemas in Saudi Arabia as part of a five-year 16-billion-riyal investment plan, its CEO said on Wednesday.
Majid Al Futtaim also plans to expand in Egypt, Uzbekistan and Uganda, chief executive Alain Bejjani told Reuters in an interview. The company began the Saudi expansion plan a year and a half ago.