AMC Cinemas will operate the cinemas in Riyadh and Hafr Al Batin.
New AMC cinemas open in Riyadh, Hafr Al Batin
01 September 2020
Swicorp, a leading investment banking, asset management and private equity firm, said its real estate investment traded fund, Swicorp Wabel REIT has opened two cinemas at its Al Makan malls in the Saudi capital and in Hafr Al Batin.
AMC Cinemas, one of the largest cinema chains in the world and the company behind the world’s first multiplex, will be operating the cinemas.
Swicorp Wabel REIT is planning to open two more locations with AMC Cinemas in the cities of Dawadmi and Tabuk.
Swicorp Saudi Arabia CEO Kelvin Kwok said: “We are delighted to be able to contribute to the kingdom’s futuristic plans. Having AMC, a world leader known for its continuous innovation in the entertainment business, as a partner for Al Makan Mall, Riyadh, will add value to the property and enhance its attractiveness to visitors,” he noted.
The new 3,450-sq-m nine-screen cineplex in Riyadh will also increase footfall in Al Makan Mall by creating a new attraction for families, as the mall is already considered an entertainment destination.
The cinema at Hafr Al Batin will have with eight screens and a capacity of 850 seats.
- Bechtel wins Neom infrastructure PM deal
- NWC to woo private sector for sewage plants
- Cement sector earnings drop 19pc in Q2: report
- PIF sets up firm to boost housing
- New AMC cinemas open in Riyadh, Hafr Al Batin
- Aramco signs up Siemens for reservoir project
