JEDDAH: The Bahrain Cinema Co. said it is mulling entering the Saudi market after receiving serious offers from commercial complexes, Al-Hayat newspaper reported.
Chairman Essam Fakhro said the company wants to get its foot in the door cinemas are allowed in the Kingdom.
“The company has already begun consultations with some entities in Saudi Arabia to coordinate with them in regard to the company’s work in the Kingdom,” he said.
He added the company has received offers from owners of Saudi complexes to open cinema halls.
“The company is monitoring the situation well in preparation for seizing the opportunity there,” Fakhro said.
Al-Hayat reported that commercial compounds in Riyadh, Jeddah and the Eastern Province are working on an integrated study to make new expansions for the purpose of opening cinemas.
Bahrain Cinema Co. mulls entering Saudi market
Bahrain Cinema Co. mulls entering Saudi market
Saudi Cabinet reviews cooperation and agreements with other nations
- Crown Prince Mohammed bin Salman chairs meeting and briefs ministers on his recent meeting with Egypt’s President Abdel Fattah El-Sisi
- Cooperative efforts includes projects focusing on development and education, political consultations, environmental protection, health, investment and air transport
RIYADH: Saudi Arabia’s Council of Ministers reviewed a number of domestic and international matters during a session in Jeddah on Tuesday chaired by Crown Prince Mohammed bin Salman.
The crown prince briefed the Cabinet on his recent meeting with the Egyptian president, Abdel Fattah El-Sisi, which included discussions about regional security and stability, the latest developments in the Middle East, and other topics of importance to the Arab and Islamic world, the Saudi Press Agency reported.
He also shared with ministers the contents of a letter he received from the president of Kazakhstan, Kassym-Jomart Tokayev.
The council discussed progress in cooperative efforts involving Saudi Arabia and other countries including Kyrgyzstan, Pakistan, Armenia, Turkmenistan, Estonia, Cuba and Kiribati, and approved a number of memorandums of understanding.
The cooperation includes projects focusing on development and education, political consultations, environmental protection, health, investment and air-transport services, the press agency said. Ministers also approved an agreement between the Saudi General Authority for Awqaf and its Omani counterpart relating to endowments.
They reviewed national initiatives, including one for the promotion of charitable work, and the enhancement of humanitarian and developmental efforts across the country.
A merger of the National Competitiveness Center with the Saudi Center for Economic Business to create a combined Saudi Competitiveness and Business Center was authorized.
