AMC Cinemas opens at Al Makan Mall


August 16, 2020 | By RetailME Bureau

Multi-screen AMC Cinemas opens at Al Makan Mall, announced investment banking, asset management and private equity firm Swicorp. Situated in Riyadh’s Hafr Albatin City, the AMC Cinemas at Al Makan Mall, a REIT property, has eight screens with a total capacity of 850 seats.

“Our new investment in the first multiplex theatre in Hafr Albatin further diversifies Swicorp Wabel REIT and expands its revenue streams for our investors,” stated Kelvin Kwok, CEO, Swicorp Saudi Arabia. “We believe that there is significant value in the new leisure and entertainment sector, which opened up recently in the Kingdom. Equally important is for us to be able to introduce a global brand such as the AMC multiplex cinema, which will present an iconic destination to our Saudi guests. AMC has been offering inimitable experiences to movie-goers worldwide through continued innovation. Its 90-year track record couldn’t be more important than in our present day, when moviegoers are looking for trusted brands that offer best-in-class amenities with premium presentation formats and high-quality health and safety assurance. Al Makan Mall will become the go-to place for family entertainment in the city.”

Also read: Returning to business safely

As AMC Cinemas opens at Al Makan Mall, the company has formed a joint venture with the Public Investment Fund in Saudi Arabia to open cinemas across the Kingdom. In April 2018, AMC opened its first cinema in Saudi Arabia, located in King Abdullah Financial District, Riyadh. Meanwhile, REIT is scheduled to open more movie theatres in its portfolio in three other cities with the one in Riyadh launching imminently, as well as in Dawadmi and Tabouk in due course.

 

For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based concept grocery retail chain, Grandiose has opened a new supermarket within 

Continue Reading

November 22, 2020 | By RetailME Bureau

US-based fast food chain, Nathan’s famous Inc. brings another New York classic, 

Continue Reading

November 12, 2020 | By RetailME Bureau

Dubai-based Union Coop, the leading Consumer Cooperative in the UAE, opened its 

Continue Reading

November 11, 2020 | By RetailME Bureau

UAE homegrown marketplace, Noon.com has announced its Yellow Friday sale from November 

Continue Reading

November 5, 2020 | By RetailME Bureau

UAE-based Al Maya Group officially launched an exclusive range of Woolworths products 

Continue Reading

October 30, 2020 | By RetailME Bureau

Abu Dhabi headquartered LuLu Group has opened its latest hypermarket at Khalifa 

Continue Reading

October 29, 2020 | By RetailME Bureau

elGrocer, the grocery delivery app with ties to some of the major 

Continue Reading

October 25, 2020 | By RetailME Bureau

Jones the Grocer set to open its doors at Dubai’s newly launched 

Continue Reading

October 18, 2020 | By RetailME Bureau

Saudi-based operators of hypermarkets and supermarkets BinDawood Holding Company has completed the 

Continue Reading

October 16, 2020 | By RetailME Bureau

The regional food and grocery delivery app Talabat has announced the expansion 

Continue Reading

October 15, 2020 | By RetailME Bureau

Walmart is hiring 10,000 new employees in Canada for positions in stores 

Continue Reading

October 14, 2020 | By RetailME Bureau

British quality grocery retailer Waitrose & Partners launched its first e-commerce platform 

Continue Reading

October 11, 2020 | By RetailME Bureau




Download Images RetailME Magazine