Riyadh – Mubasher: Dar Al Arkan Real Estate Development Co on Wednesday has signed an agreement with UAE's shopping mall and leisure pioneer Majid Al-Futtaim Group to inaugurate VOX Cinemas multiplex in Saudi Arabia over the coming period.
VOX Cinemas will operate the new 15-screen multiplex at the Saudi Arabian real estate developer’s Al Qasr Mall in Riyadh. The multiplex is expected to be opened during the first quarter of 2019, according to a company statement.
“These are exciting times for Saudi Arabia and we are delighted to be playing a small but significant part towards achieving the Kingdom’s Vision 2030, which aims to build an entire ecosystem for arts, tourism and entertainment,” Dar Al Arkan’s chairman Yousef Bin Abdullah Al Shelash said.
The Saudi and Emirati firms’ new joint venture (JV) will meet the clients’ expectations, Dar Al Arkan’s CEO Kelvin Kwok Han Sim stated.
“This is a significant opportunity for us to play an active role in contributing to Saudi Arabia’s 2030 vision which places culture and entertainment at the heart of a quality of life for Saudi citizens and residents,” Majid Al Futtaim Cinemas’ CEO Cameron Mitchell concluded.