Authorities start issuing cinema licences in Saudi
Riyadh : Saudi Arabia began issuing licences yesterday to operate cinemas in the kingdom ahead of their reopening after a decades-long ban was lifted as part of a far-reaching liberalisation drive.
The culture and information ministry said it had “finalised the terms of licencing to restore cinema in Saudi Arabia”.
“Licencing commences immediately,” the ministry added in a statement.
The news comes as Dubai-based VOX Cinemas, the leading operator in the Middle East, launches its first public screening in Saudi Arabia, which runs through Saturday and aims to raise awareness about Alzheimer’s disease.
The screening in Riyadh will feature content from local producers including Myrkott Production and Telfaz Company, VOX said.
Major cinema chains are seeking to break into the market of more than 30 million people, the majority of whom are under 25.
In December, US giant AMC Entertainment signed a non-binding agreement with Saudi Arabia’s vast Public Investment Fund to build and operate cinemas across the kingdom.
AMC will still face stiff competition from regional heavyweights, including VOX.
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