SEVEN to open new cinema in Al Khobar by Q2 2020

07/03/2019 Argaam

 

Saudi Entertainment Ventures (SEVEN) will launch a new AMC cinema in the Eastern Province in Q2 2020 in partnership with Al-Oula Real Estate Development Co., SPA has reported citing a company's statement.

 

The new facility will be built in Al Khobar city, with easy access to public transportation.

 

In January, SEVEN signed an agreement with Hamat Property Co. to open AMC cinemas across the Kingdom. The deal came as part of SEVEN’s strategy to expand in the cinema industry and operate 50 movie theaters over the next two years.

 

SEVEN was established by the PIF in December 2017 and was the first entity to obtain a license for operating cinemas in the Kingdom, Argaam earlier reported. 

 

The Kingdom plans to open up to 350 theatres and over 2500 screens by 2030.

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