Saudi cinema chain announces $218.6m expansion plan
Published 04 Apr,2021 via Arab News - Economy RIYADH - Saudi Arabia’s first home-grown cinema chain announced on Sunday a SR820 million ($218.6 million) expansion plan for 2021.
MUVI Cinemas intends to grow to 307 screens nationwide over the next 12 months, launching 23 new sites in eight key Saudi regions, adding 204 screens and 22,872 seats to its portfolio. The planned expansion will bring the brand’s total number of seats to over 35,000.
The expansion will initially see nine new sites in Riyadh, seven in Jeddah, and two each in Taif, Alkhobar, Khamis Mushait and Al-Kharj. The cities of Buraidah and Uniazah will soon welcome their first-ever MUVI locations.
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Arab News