JEDDAH: Media Minister Dr. Awwad bin Saleh Al-Awwad on Wednesday awarded a fourth license to operate a cinema to Lux Entertainment Co. in partnership with Al-Hokair Group for Tourism and Development, Cinépolis International and Al-Tayer Group.
The partnership seeks to establish some 300 cinemas in 15 cities and towns across the Kingdom within five years.
In December 2017, the General Commission for Audiovisual Media approved the issuance of licenses to open cinemas in order to support the film sector, stimulate economic growth and diversification, and provide job opportunities.
In June 2018, Al-Awwad handed over the third cinema operation license to the Al-Rashed United Group — Empire Cinema.
The company is looking to build 30 theaters in several Saudi cities over the next three years.
In April 2018, Vox Cinemas, a subsidiary of Majid Al-Futtaim, won the second license to operate cinemas in the Kingdom.
Majid Al-Futtaim will invest SR2 billion to open 600 screens and provide 3,000 jobs in the next five years.
AMC Entertainment Holdings Inc. was granted the first cinema license in Saudi Arabia.
AMC will open around 40 cinemas in 15 Saudi cities over the next five years.
4th cinema license awarded to Lux Entertainment Co.
4th cinema license awarded to Lux Entertainment Co.
Foreign ministers chair Saudi-Omani coordination council meeting in Muscat
MUSCAT: Saudi Foreign Minister Prince Faisal bin Farhan met with Oman’s Foreign MinisterSayyid Badr bin Hamad bin Hamoud Al-Busaidi on Monday.
They reviewed bilateral relations between their nations and ways to enhance and develop them across various fields. Additionally, they discussed regional and international developments.
The ministers co-chaired the third meeting of the Saudi-Omani Coordination Council in the Omani capital, Muscat, with the participation of the heads of the Council’s subsidiary committees and the two heads of the Council’s General Secretariat teams.
The meeting comes as an affirmation of the keenness of Saudi and Omani leaders to strengthen ties and advance them toward greater prosperity for both nations.
In his remarks during the meeting, Prince Faisal affirmed that gathering builds on the previous council meeting, held last year in AlUla, and on its positive and fruitful outcomes within the framework of the approved recommendations and initiatives.
He stressed the importance of continuing the work of the council’s subsidiary committees to complete the necessary procedures to implement the remaining initiatives, and of the General Secretariat’s role in follow-up and in addressing any challenges that may hinder implementation.
He also underscored the importance of developing and enhancing trade relations, stimulating investment, and strengthening cooperation between the public and private sectors.
He also praised the ongoing work to establish and launch the Coordination Council’s electronic platform, which aims to connect all committee work and initiatives to facilitate follow-up on the Council’s progress.
Al-Busaidi affirmed in his remarks the qualitative progress in relations between the two countries and the notable development witnessed across numerous sectors toward achieving economic integration and enhancing intra-trade and joint investments.
The Omani foreign minister also highlighted deeper cooperation in the security and judicial fields, as well as the cultural and tourism sectors, noting the advanced and continuous political cooperation, consultation, and coordination on regional and international issues.
